Isn’t it frustrating knowing that you are a good driver, but you’re paying really high insurance premiums based on your demographic, like the city you live in, your gender, the vehicle you drive, your age, and even your martial status. These are some of the factors that contribute to your insurance premiums. These demographics might present a average figure that insurance companies can rate off of, but it doesn’t consider each persons driving habits – but shouldn’t it?
Intact Insurance is one of the first insurance companies to develop a program (my Driving Discount™) that rewards your driving behavior. This program could save you up to 25% on your auto insurance premium, by installing a small device in your vehicle that monitors three key factors.
What Does The Device Monitor?
Hard braking increases the risk of being involved in an accident. The program therefore calculates the ratio of hard braking events based on total km driven to determine your personalized hard braking factor. A hard braking event is defined as any decrease of speed of more than 12 km/h in less than 1 second.
Rapid accelerations increase the risk of being involved in an accident. The program therefore calculates the ratio of rapid acceleration events based on total km driven to determine your personalized rapid acceleration factor. A rapid acceleration is defined as any increase of speed of more than 12 km/h in less than 1 second.
Time of Day
Driving at night (between 12 a.m. and 4 a.m.) increases the risk of being involved in an accident. Many elements, such as reduced visibility and fatigue, make this time of day the riskiest. The program therefore evaluates the time of day that you’re driving to determine your personalized high-risk period factor. The less you drive at night, the more you could save.
How Do You Enroll?
Signing up for the my Driving Discount™ is quick and easy, and it saves you money right away! Just for enrolling in the program you get an automatic 10% savings. This program can be added to an existing Intact policy that you may have, or by starting an entirely new policy. Contact one of our offices to find out more or sign up.
Your my Driving Discount device will arrive in the mail a few days after you sign up for the program – It’s easy to set up. If you can plug in a toaster, you should have no problem plugging the device into your vehicle’s OBD port. You’ll find your vehicle’s OBD-II diagnostic connector within two feet of your steering column.Once you’re plugged in and you’ve started your car, you’re connected. You’ll then receive an email with a user name and password giving you access to your personalized my Driving Discount website.
Start driving – and start to see how much you save. It takes 30 days for there to be enough data collected to appear on your personalized website. From there you can monitor any hard breaking events, or rapid accelerations that you may of had. Helping you to improve your driving habits each month, or by just letting you know what your discount will upon your next renewal