Today, we would like to begin a discussion about insurance companies installing devices on your car to monitor your driving habits. If you have good habits when driving your VW cars, your insurance premiums would likely go down. However, they would be more likely to increase if the device detects bad driving habits.
Some of the bad habits the device would report to the insurance company include fast starts, abrupt stops, times you drive and speed. The device also records the number of miles you drive each year. On the bright side, monitoring your habits could save you up to 25 percent on your premiums if the insurance company deems them ideal. However, your rates could increase by about 10 percent depending on some of the factors and data involved.
Other auto insurers already offer discounts for drivers who do not drive much. One non-insurance company in Texas – MileMeter – offers a system that allows drivers to pre-pay for a set number of miles. They pay their premiums based on those miles and it is typically cheaper than a traditional insurance policy.
Do you see any problems with monitoring a driver’s actions at all times? Or do you think it will make better drivers out of people who would otherwise be careless and possibly even reckless? Leave your thoughts below and we’ll have a discussion about this topic.
