What is Usage Based Insurance (UBI)? UBI is a new term in the auto insurance industry. It's a way of charging a different amount for car insurance based upon a consumer's Actual Use of their car.
Progressive CEO Tricia Griffith explains that UBI ties premiums to a person's driving behavior and predicts UBI "will be the norm over time." As a leader in the car insurance market here in NH and throughout the country, Progressive Insurance launched their UBI SNAPSHOT program a few years ago. See article.
The Snap Shot program began as a plug in device that was used by savvy insurance shoppers (voluntarily!) to help lower their car insurance rates here in NH and in other markets throughout the country. Snapshot Drivers on average save $130!
UBI programs gauge a driver's risks monitoring the Time of Day your car is driven, hard braking, and the amount of miles that you drive.
What began as a plug in device with improvements in technology, today insurance companies like Progressive can collect driver data using a smart phone app. In December of 2016, Progressive launched a new smart phone app in 4 states and is pleased with the initial results. Using the smart phone SnapShot app Progressive has monitored over 500,000 trips and over 6.2 Million Miles.
So rather than using estimates to determine what you pay for car insurance rates, companies can now be more exact in their pricing. If you are in the Nashua, NH area and want more information about how Progressive's Snap Shot can help lower your car insurance rates please stop by or give us a call.
Atlantic Insurance is thrilled to be a Nashua, NH Snapshot Certified Progressive Insurance Agency.
Progressive CEO Tricia Griffith explains that UBI ties premiums to a person's driving behavior and predicts UBI "will be the norm over time." As a leader in the car insurance market here in NH and throughout the country, Progressive Insurance launched their UBI SNAPSHOT program a few years ago. See article.
The Snap Shot program began as a plug in device that was used by savvy insurance shoppers (voluntarily!) to help lower their car insurance rates here in NH and in other markets throughout the country. Snapshot Drivers on average save $130!
UBI programs gauge a driver's risks monitoring the Time of Day your car is driven, hard braking, and the amount of miles that you drive.
What began as a plug in device with improvements in technology, today insurance companies like Progressive can collect driver data using a smart phone app. In December of 2016, Progressive launched a new smart phone app in 4 states and is pleased with the initial results. Using the smart phone SnapShot app Progressive has monitored over 500,000 trips and over 6.2 Million Miles.
So rather than using estimates to determine what you pay for car insurance rates, companies can now be more exact in their pricing. If you are in the Nashua, NH area and want more information about how Progressive's Snap Shot can help lower your car insurance rates please stop by or give us a call.
Atlantic Insurance is thrilled to be a Nashua, NH Snapshot Certified Progressive Insurance Agency.
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