MyRateSM Now Available to Alabama Drivers
July 7, 2008 — MyRateSM, Progressive's optional, one-of-a kind, behavior-based car insurance program that lets drivers save big bucks based on how they drive, is now available in Alabama. Drivers who choose to sign up receive a small wireless device that plugs into a port in their car. The device lets Progressive see how, how much and when the car is being driven. Cars driven less often, in less risky ways and at less risky times of day can receive a lower premium.
New Alabama customers can earn a first-term discount of 10 percent just for signing up. Then, when they renew their policy, they could earn up to a 40 percent discount based on their driving habits. There is also a $30 technology expense each policy period for the cost of the device and data transmission.
Progressive has been an industry pioneer in understanding that how you drive should affect what you pay, starting with a usage-based program called Autograph in 1999 and later a program called TripSense®. MyRate is now being rolled out countrywide, pending state regulatory approval.
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