New discount on auto insurance with Progressive

On April 1st Progressive will begin offering a new product in Florida called Pay-As-You-Drive, personalized auto insurance based on how you drive.

This new policy will base the cost of your insurance on when, how much and how you drive. The fewer miles you drive the lower your premium.

Once you sign up for the MyRate program, Progressive will mail you a small device that you place on the bottom of your dashboard. (It looks similar to the E-pass device you use to pay toll roads.) After you’ve logged some driving time (30 days to be exact) you can log on to your policy at www.progressive.com to see what your projected renewal rate is. If you’re not happy with the rate change (perhaps it increased) you can either change your driving habits to increase your discount or you can terminate your enrollment in the program at any time.

The discount is based on the following driving habits:
- The total number of miles you drive
- The number of miles you drive during high-risk hours
- Sudden starts and stops.

They recommend it for people who drive less than 10,000 miles per year, but customers have been reporting that they have saved even though they drive around 15,000 miles a year.

The MyRate device records the following:
- Vehicle speed and time of day
- When the device is connected and disconnected from the vehicle
- Vehicle Identification Number (VIN) upon installation

Other information, such as miles driven and rates of acceleration and braking, is derived from the speed and time information recorded by the device. The MyRate device does not collect information about where you drive. Instead, it focuses on how safely, how often, how far, and when you drive. Please note that the MyRate device does not contain GPS technology and does not track vehicle location or whether you're exceeding the speed limit, nor do they know who is driving the car in which the device is installed.

The MyRate device can only be used on cars built in 1996 or later.

To watch a short video about the program, visit http://www.progressive.com/myrate.

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Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.