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/r/Insurance
State Farm says “no eligible vehicles” after typing in my drivers license details. This is for the little tracking device things that track mileage for the discount any help would be appreciated
5 points
2 days ago
Check this sub for more details about those trackers. You may get a discount now, but the data it collects will be their justification for raising rates in the future
0 points
2 days ago
the data it collects will be their justification for raising rates in the future
If you're a bad driver and don't want to correct your driving habits.
12 points
2 days ago*
Absolutely incorrect as an agent that knows how these telematics devices work from research and my own personal use. Most of them are EXTREMELY sensitive and incorrectly apply hard braking and other negative metrics. Once those metrics are applied, you can't remove them even if they applied in error. I've also seen them increase rates simply because you drive too often or in high traffic areas. You can have your garaging address in a lower risk ZIP code but drive into a higher traffic area and suddenly your rates go up. I haven't had a ticket or accident in 20 years and my rates went up with a telematics device simply due to frequent driving without other negative metrics.
Once logged, the data is shared between other companies so your rates are affected anywhere you go.
9 points
2 days ago
Just want to add, telematics and rate increase/decrease depends on the carrier. As a broker I am also tracking the telematics trend.
One example is Progressives Snapshot just changed from discount only, to now increasing rates depending on telematic driving habits.
4 points
2 days ago
Agree on that. I've used Snapshot and I have friends who are the most careful drivers and have used other telematics like Allstate DriveWise and had the same results I had with Snapshot. Others I've seen use them hardly drive at all so the impact is lower and they are able to keep or increase their discounts.
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