Car Insurance Tracking Device – Best For 2023
When discussing car insurance, deciphering ways to reduce premiums often becomes a primary focus. Yet, an unexplored avenue might be right at your fingertips—the car insurance tracking device. Implementing the power of GPS technology, these devices offer an unexpected, yet impactful link between your driving behavior and the costs you pay for insurance. In this article, you’ll learn how using these devices can lead to meaningful savings, while simultaneously boosting safety and providing real-time vehicle monitoring. Grasp the connection between state-of-the-art tracking technology and lower insurance rates as we explore the benefits of a car insurance tracking device.
Best Car Insurance Tracking Device
Best OBD GPS Tracker
How Car Insurance Companies Determine Who Is At Fault
Imagine you’re caught in an auto accident, whether it’s a truck accident, a motorcycle accident, or simply car-to-car. Regardless of who hit who, determining fault becomes an immediate focus for auto insurance companies like Farmers Insurance or American Family. This fact isn’t random, since insurance claims directly impact rates. Now, consider how an insurance tracker, specifically a GPS device tracking your driving, could help clarify this process.
Determining fault weaves a complex web. Different states have their laws about fault and car insurance, and companies often collaborate to allocate fault in multi-car accidents. In such chaotic situations, collecting accurate data becomes crucial.
Enter the role of GPS trackers. If a driver involved in the accident uses a device like this, it serves as an invaluable tool. The tracker collects precise data—like your speed, hard braking incidents, and more, all relevant factors in determining fault.
Consequently, a car insurance tracker could play a crucial role in such instances. And it’s not just about car or truck accidents; it can be equally valuable in boating accidents. To better understand how this works, let’s examine insurance tracking devices more closely. After all, these trackers do more than just track your driving; they could affect your premiums, possibly leading to insurance discounts from companies like Progressive Insurance.
Car Insurance Tracking Device Boxes
Let’s use Progressive’s program, known as Snapshot, as an example. The GPS tracker is connected to your on-board diagnostic (OBD) port, where it tracks not just your location, but also your driving habits so the car insurance company can get a better sense of how you drive. The device tracks a wide range of driving behaviors, including your driving speeds, the times at which you drive, how often (and how hard) you accelerate or brake, and more.
One of the best reasons to consider using an insurance tracking device box or similar GPS tracker is for the data it can store, data that can help demonstrate that you are a safe driver. Additionally, this data may help reduce car insurance costs for you if you find the right program—sometimes up to 30% or more. Let’s look at how the insurance boxes work.
Using a car insurance black box or GPS tracker can help you reduce car insurance rates—sometimes up to 30% or more. But what other benefits might you be eligible for if you use a car insurance GPS tracker or black box program?
How Do Insurance Boxes Work
Let’s demystify how insurance boxes, like Progressive’s Snapshot, work. You plug the Snapshot device into your car’s on-board diagnostic (OBD) port, granting it access to your car’s computer. From this vantage point, Snapshot collects real-time data— miles driven, driving times, speed, hard braking events, and more. If you showcase responsible driving habits, Snapshot data can pave the way to lower car insurance costs.
Although Progressive ensures Snapshot isn’t a GPS tracker, it still gathers comprehensive data about your driving habits. You use the device for six months, undergoing reviews at three and six months. If these reviews, backed by data, demonstrate your safe driving, your insurance premium might drop. Essentially, your safe driving habits can turn into tangible insurance discounts, a perk worth considering.
What if you aren’t a flawless driver? Don’t worry, Snapshot won’t cause your premiums to surge. Your current car insurance rates already factor in your driving habits.
Deciding to use an insurance tracker like Snapshot is a personal choice. Are you ready to exchange some privacy for potential savings? While Snapshot may not record GPS data, many driver programs offered by auto insurance companies do. However, sometimes the advantages of these devices can tip the scales in their favor. Now, let’s turn our attention to exploring the potential benefits more broadly.
Geico GPS Tracking Discount
Like several other car insurance companies, Geico offers a discount for drivers who have an anti-theft device such as a GPS tracker on their vehicle—up to 25 percent off your car insurance plan. Here’s the thing, though: You know how we pointed out all of the other ways that a GPS tracker can make you a safer driver? That means you may also be eligible for other discounts, giving you other ways to reduce car insurance costs with Geico—such as up to 26% off for being a good driver (as defined by five years accident-free), 15% for seat belt use, and more.
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What Does The Liberty Mutual Right Track Do?
Liberty Mutual offers discounts of up to 30% for using Right Track. If you’re looking to reduce car insurance costs, that’s a significant reduction—and the program is as simple as using the Liberty Mutual insurance box GPS tracker in accordance with the program guidelines.
In particular, Right Track tracks mileage driven each day, braking and acceleration, and nighttime driving. You’re guaranteed a savings of at least 5% just for enrolling in the program; that’s one way to reduce car insurance costs no matter what!
The Right Track program is as simple as enrolling, downloading the app, placing the tag on your windshield (and linking the tag with your app), and then simply driving for 90 days. Liberty Mutual then uses the data from those 90 days of driving to adjust your premiums to better reflect your risk, meaning you reduce car insurance costs simply by using a GPS tracker.
Top 7 Ways Reduce Car Insurance
Geico’s GPS tracker discount and Liberty Mutual’s Right Track program aren’t your only options for saving on car insurance. Consider these top seven strategies for cost reduction:
- Raising your deductible might seem daunting, but if accidents are a rarity for you, it could lead to immediate savings. This choice, however, should rely on your long-term costs and accident frequency.
- Reducing your commute time can lower insurance costs, as regular mileage and commute times factor into pricing. Avoiding high-risk driving times like rush hour also makes you less risky to insurers.
- Shopping around for insurance is crucial. While loyalty discounts are common, providers often gradually increase prices. Seeking out providers offering discounts to attract new customers can lead to substantial savings.
- Enrolling in a defensive driving course can be beneficial, especially if your driving record is less than perfect. Weigh the course’s cost against potential savings first, though.
- Choosing an insurance-friendly car can also cut costs. High-value or sports cars, and even brightly colored vehicles, typically cost more to insure. Conversely, cars with safety features like anti-theft devices can bring down insurance premiums.
- Maintaining a clean driving record is another effective way to save. Most car insurance companies reward safe drivers with discounts, so steer clear of tickets and violations.
- Improving your credit score can result in cheaper insurance quotes. Better credit often signals less risk to insurers. Significant savings can be realized when moving from poor to good credit.
In summary, a GPS tracker isn’t the only route to reduced car insurance costs. A combination of the above strategies can lead to substantial savings, giving you more control over your insurance expenses.
Frequently Asked Questions
What benefits do car insurance companies offer if you use a vehicle tracking device?
Check out some of our favorite reasons to use a GPS tracker to reduce car insurance costs:
- Car insurance companies may actually pay for you to install a GPS vehicle tracker. Not only will the GPS car tracker itself offer benefits, but anything that will reduce car insurance costs sounds pretty great to us!
- Vehicles with a GPS tracker are easier to recover if stolen, which in turn cuts down on the likelihood of a vehicle never being recovered—in which case the car insurance company might have to pay out on a hefty theft claim. No wonder so many car insurance companies offer discounts for drivers with a GPS system or anti-theft device.
- Car insurance companies know that when company vehicles are equipped with a GPS tracker, employees are less likely to misuse the vehicle, whether in service of personal use or simply in an unsafe manner.
- Car insurance companies also know that vehicles with a GPS tracker are more likely to get prompt and regular maintenance, which also helps cut down on accidents, thus cutting down on claims.
- Drivers with a GPS tracker on their vehicles are in fewer accidents because they tend to be safer drivers. As a result, car insurance companies know that they will have to pay out fewer claims—by 20 percent or more, in fact.
For instance, Geico offers customers with a GPS car tracker up to 25 percent off, Nationwide offers anti-theft discounts (for which some GPS tracker devices are eligible), and 21st Century offers 15 percent discounts. As a result, getting a GPS car insurance tracking device can readily pay for itself!
Does a car insurance tracking device actually reduce insurance premiums?
Yes, a car insurance tracker can indeed lead to lower insurance premiums. Auto-owners insurance providers such as Progressive offer driver programs like Progressive Snapshot that collect data on your driving habits. If you show safe driving practices, this data could translate into insurance discounts. Of course, it’s always best to drive safe and save!
Can a car insurance tracking device help determine fault in auto accidents?
Absolutely, a car insurance tracker can be invaluable in determining fault in auto accidents. These devices, which use GPS technology, collect detailed data on your driving behavior, such as speed and hard braking incidents. This information can prove crucial in case of car accidents or even boating accidents, helping insurance providers and accident attorneys determine who’s at fault.
How do usage-based insurance programs like Progressive Snapshot work?
Usage-based insurance programs such as Progressive Snapshot work by collecting data on your driving habits via a device plugged into your car’s on-board diagnostic (OBD) port. This device tracks various behaviors including your driving speeds, times, and how often and hard you brake. After collecting this data for a certain period, insurance providers can adjust your premiums accordingly, potentially leading to significant savings. However, remember to drive within the speed limit to ensure safe driving and maintain lower premiums.
Does a car insurance tracker affect my privacy?
It’s important to note that while usage-based insurance programs collect data, the focus is on your driving habits, not your location. For example, Progressive Snapshot collects data on your driving habits but it is not a GPS tracker. Nevertheless, some driver programs from insurance companies do collect location data. As a driver, you’ll need to decide if potential savings outweigh any privacy concerns you might have.
What other benefits can I get from using a car insurance tracker?
Beyond potential savings on your insurance premiums, a car insurance tracker can offer several other benefits. For instance, vehicles equipped with a tracker are easier to recover if stolen, reducing the likelihood of your insurance provider having to pay out a hefty theft claim. Additionally, a tracker might encourage safer driving habits, thus leading to fewer accidents and further reduced insurance claims. Remember, drive safe and save!
Always remember to drive safe and save!