CarBuyersNoteBook

Here is an appealing way to distinguish the type of car insurance coverage motorists should have. Employing the MyRateSM behavior-based insurance program, the right kind of insurance will be given depending on the type of driver you are. The best part of it is that you will pay lower rates on vehicles that are driven in less risky ways, a big plus for drivers who are low risk.

“MyRate is designed for consistent and safe drivers,” said Richard Hutchinson, Progressive’s MyRate general manager. “It’s for people who drive at low risk times of day and who keep alert for others on the road. They don’t make fast lane changes or follow too closely behind other drivers so they don’t have to over-react or slam on the brakes.”

Drivers who sign up with MyRate receive a device that plugs into a port in their car and measures how, how much and when the car is being driven. Cars driven less often, in less risky ways, and at less risky times will be receiving a lower premium. Also, drivers with more than one car can select which, if any, of their vehicles to enroll in MyRate.

(Source) Press