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The gas pump isn’t the only thing hitting your wallet.
Auto insurance rates continue to increase, and many drivers are looking for ways to save money.
Here are the basics and what you should probably know.
What Is a Car Insurance Tracker?
One of the first that comes to mind is the Progressive Snapshot, which may provideusage-based premiums.
Then, insurance companies use the data gathered to see if you’re a safe driver.
There are two main types of auto insurance trackers available.
The first one is essentially a dongle that the user plugs into the OBD-II port under the steering wheel.
It plugs into the same spot the DMV uses to smog a vehicle.
This is the “onboard diagnostic” port, which can access vehicle computer information.
The second is an app that you’re free to download on your phone.
The key in of tracker depends on your insurance provider or plan and may vary by user and region.
How Do These Insurance Trackers Actually Work?
So, how do these devices work, and what do they track?
Insurers provide the dongle or app as part of a usage-based insurance (UBI) program.
Related:Is Car Wi-Fi Worth It?
You could potentially increase your rates.
Knowing your vehicle’s location has several advantages outside of rate pricing.
Another huge benefit for parents is the ability to track or monitor kids and teen drivers.
It’s a great way to track children or elderly family members.
Should I Use a Car Insurance Tracking gear?
So, is an insurance tracking equipment or driver monitor worth considering?
Honestly, we can’t answer that question for you.
There are obviously several huge benefits.
Whether that’s tracking your kids, finding a stolen vehicle, or saving monthly money.
Then again, privacy is a growing concern (in general) these days.
Where is this information going?
Does the company sell any data, and can you opt out of sharing specific details?
Those are all questions you’ll want to ask your provider.
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At the end of the day, it’s up to you.
If you’re a safe driver with good habits, you could benefit from one.
