As we have mentioned before, multiple claims within a 12-month period can negatively impact insurance costs. So what can Jenny—a historically good driver—do about this?
Good news! There are options to help limit the increases to Jenny’s costs.
You may have heard of the “Progressive Snapshot” or Safeco “Right Track” programs. These are driving programs that involve telematic devices. A telematic device is a small computer that tracks certain driving habits. Before you get nervous about being tracked, it’s important to note telematic devices only monitor things like:
- How often you drive
- When you drive
- How often you use your brakes
- How hard you brake
Using a device like this, Jenny can prove to her insurance company that she deserves a lower rate on her auto insurance, despite her claims.
Telematic Device Savings
Jenny can save in two ways: one, she can get an upfront discount for participating in a telematic device program. Two, she can earn additional savings after the device has proven her legitimate driving patterns. The total savings of a telematic device can be up to 20%!
Are there other options?
Let’s say Jenny isn’t comfortable with a telematic device. What else can she do?
To be honest, not much. The only other way to lower insurance costs is to lower her deductible or get an older car that’s less expensive to replace. Part of what makes insurance costly is the expense of replacing the insured item. Expensive cars are pricier to insure.
Are you interested in saving money on your car insurance? Perhaps you’re thinking about a telematic device? Schedule an appointment with our wise insurance advisor below. We would be happy to help!