“Pay-By-the-Mile” Car Insurance Spreads to Illinois – EPC Updates

In March, West Coast primarily based MetroMile announced they would be expanding operations outside that region for the first time by generating their “spend-by-the-mile” car insurance item obtainable in Illinois. By plugging in the company’;s free Metronome data collection/GPS/transmitter device into a vehicle’s OBD-II port, MetroMile servers receive a information stream that includes a background of motor vehicle place and the variety of miles driven. Details which is then used to set charges. A cost-free smartphone app is also offered which enables drivers to check their driving habits. A lot more below:
(PR Newswire, March 11, 2014)

(Bloomberg Television, 4:36 Video, January 2, 2014)

Comment: It’;s wonderful, never you consider. Tons of folks are up in arms about likely cell cellphone tracking, but as quickly as the calculus adjustments to saving funds (using a similar strategy), and/or “opt-in” is plainly a aware selection, objections appear to disappear. Perhaps a stage worthy of consideration for those at the moment in sizzling water over tracking problems.

Picture credit score: sfgate.com

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