OK, fair to call that out. My bad for grabbing numbers from my arse.
So let's take the average, which per your source, says $1400 / year (or $700 per 6-months). $700 * 0.15 = $105 savings per 6 months ($17.50 per month).
So now you need to ask, will you qualify for the full 15% discount? If you stop too quickly or roll through a benign stop sign, you can forget it.
And worse, don't you think that the insurance company in question already raised their rates by 15% only to give you a chance to earn that back with (quote) "good driving habits"? If they ding you for anything, then you're going to pay the higher rate.
It's like a grocery store member card. If you don't have it, they just don't care, they just charge you the non-member price. But their member price is already profitable, so the few shoppers coming through and buying without a membership are just paying an additional gravy to their profits.
Insurance companies want to get into this game, desperately. Oh, you don't have their tracker app installed? Well, you're going to pay the non-premium expensive rate and they get the keep the profit. Your good driving is not going to offset your demographic either.
And then there's all the privacy concerns. No thanks, I'm going to opt out and not buy into the $18 per month non-discount with some gimmicky insurance company and instead give my business to a company that doesn't want to play premium discount games.
So let's take the average, which per your source, says $1400 / year (or $700 per 6-months). $700 * 0.15 = $105 savings per 6 months ($17.50 per month).
So now you need to ask, will you qualify for the full 15% discount? If you stop too quickly or roll through a benign stop sign, you can forget it.
And worse, don't you think that the insurance company in question already raised their rates by 15% only to give you a chance to earn that back with (quote) "good driving habits"? If they ding you for anything, then you're going to pay the higher rate.
It's like a grocery store member card. If you don't have it, they just don't care, they just charge you the non-member price. But their member price is already profitable, so the few shoppers coming through and buying without a membership are just paying an additional gravy to their profits.
Insurance companies want to get into this game, desperately. Oh, you don't have their tracker app installed? Well, you're going to pay the non-premium expensive rate and they get the keep the profit. Your good driving is not going to offset your demographic either.
And then there's all the privacy concerns. No thanks, I'm going to opt out and not buy into the $18 per month non-discount with some gimmicky insurance company and instead give my business to a company that doesn't want to play premium discount games.