The Travelers Companies Inc. is expanding its telematics auto insurance offering, IntelliDrive, with the launch of an app-based program called IntelliDrivePlus.
IntelliDrive was launched in 2017 and is available in 40 states. It calculates a bonus based on driving behaviors, excluding mileage, that are tracked over a 90-day period.
By comparison, IntelliDrivePlus calculates a premium with each renewal by evaluating changes in mileage and driving behavior, such as braking, acceleration, speed, time of day and distraction. which are captured over the term of the policy, according to the announcement.
IntelliDrivePlus is now available for customers in Arkansas, Nebraska and Ohio.
Customers who choose IntelliDrivePlus can receive an enrollment discount of up to 12% for the first term of their policy. When renewing, safe driving habits can lead to savings of up to 30%, with the potential for additional savings for low-mileage drivers or those who drive less over time.
However, Travelers notes that riskier driving habits and higher mileage can lead to higher premiums.
Michael Klein, executive vice president and president of Personal Insurance at Travelers, said the insurer’s original telematics program, IntelliDrive, grew 50% over the past year, “clearly showing that consumers are increasingly comfortable with prices that reflect their driving behavior”.
A map of the driver’s route taken on each trip, as well as their driving performance to date, is available for review after each trip. But location information collected in the app isn’t used to determine car insurance rates, Travelers says.
Interested in Auto?
Receive automatic alerts for this topic.