Monday, July 28, 2008

Pay-As-You-Drive

An auto insurance company is offering drivers in our state discounts of up to 60% if you install a high-tech monitoring device. The wireless devices will tell Progressive how many miles are driven, and how fast you accelerate and hit the brakes.

Under the pay-as-you-drive concept, good drivers will get discounts and those who speed could face surcharges as high as 9%. New Jersey will be the 5th state to offer this option. The program will begin Aug. 8th. Think you're brave enough to do this if it'll mean saving money? An interesting concept!

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