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How Progressive Snapshot Could End Up Costing You More Money If you avoid the stop-and-go driving lifestyle, come to a stop slowly, and keep the device from the “beep” warning it sends off when you brake too quickly, you might save more as well. The insurance company won’t take your word for it that you don’t drive during peak DUI accident times, but if you prove it with the device that you do not drive between midnight and 4:00 am, then you just unlocked more savings because you have reduced your risk.

Not driving between midnight and 4:00 am.

If you rarely drive your vehicle, it sits parked days in a row, or you keep your mileage under 30 total miles per day, you will see credits applied to your account.

Driving under 30 miles per day helps you.

The catch is that you must use the device and then be up for renewal to get the discount credit. The company’s website boasts that customers save an average of $130 using the program after six months. How Progressive Snapshot Could Save You Money In most cases, you will see a reduction in your insurance bill, but the savings depends on the factors used for standard insurance plus what the company’s device tracks. Essentially, you are receiving personalized insurance based on your specific driving habits. The GPS-enabled device tracks everything from your mileage to the time of day you drive and how often you hard brake.

You must install a device in your car to determine your exact insurance rate. Introduced in January 2008, the program has skyrocketed – reaching 10 billion miles of driving data by 2014. Progressive Snapshot set out to change how insurance quotes were based. The average Progressive policyholder, for example, pays nearly $1,400 per year in car insurance premiums. These factors help determine how much your auto insurance premium will be.

When you sign up for a typical insurance plan, the agent bases your rate on the standard factors (i.e., driving history, your vehicle, age, credit history, etc.). Progressive advertises their savings as “ BIG discounts,” and the company’s website states that they have saved their current policyholders at the time of sign-up and in the long run.īefore assuming you will walk away cutting your insurance bill drastically, you need to assess the numbers and how this program works. While you will save money with the Snapshot, the savings might not be what you think or are led to believe. Figuring out whether Snapshot is worth it or not requires some discernment. Like most things in life, when something sounds too good to be real, it probably is – and Progressive’s Snapshot program might be a culprit of that. You are reeled in by the fact that you could cut down your insurance premiums.