Auto insurance companies traditionally have used general formulas to determine rates for their customers. These formulas typically incorporate the driver’s address, their credit score and their driving record. In many cases, a safe driver can have a high insurance premium simply because they live in a neighborhood that is prone to car theft, or they have had problems paying their bills in the past. Because these methods of calculating rates isn’t always fair, some car insurance companies are trying something else. There is a new option in Auto Insurance Elyria OH drivers can take advantage of to lower their premiums and learn about the driving behaviors that put them at risk for an accident.
Some of the major insurers are offering an electronic device that plugs into the vehicle’s computer and sends information to the company. Through the voluntary program, drivers who wouldn’t otherwise qualify for low rates can prove that they are responsible. The device records information such as the amount of miles the car is driven, the number of times the brakes are pressed hard and the speed the vehicle is driven. The information is used to offer discounts to safe drivers but does not penalize drivers who are less responsible.
Because there is no penalty for unsafe behaviors, using the electronic monitoring device can benefit all drivers. Those who do not drive as safely as they could can learn from the reports that are compiled by the insurance company. Older drivers who have not taken part in a safe driving course may not be aware of the driving behaviors that put them at risk of an accident. By installing a small device in their vehicle and working with their insurer, they can learn how to be better drivers and potentially save money by doing so.
For discounts on Auto Insurance Elyria OH , drivers have a lot of options. They can move to a safe neighborhood, improve their credit score or install a small electronic device on their car to record their driving behaviors.
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