Just Saved Another 30% Using Progressive Snapshot

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Living in Miami as a single guy with a terrible credit score, my auto insurance bill was out of control.  I’m pretty sure had I decided to pick up comprehensive and collision insurance,  I would have been paying more than most families pay on their mortgage.  Geico was just not cutting it and two years ago, a move was made to Progressive.

Initially, I only saved a few dollars but it was enough where some much needed money was freed up for life’s necessities.  Progressive routinely changed my rate every six months, sometimes in my favor, sometimes in their favor but my rate for only liability insurance consistently hovered around the $110 a month mark.   And for a guy who rarely uses his car to do anything, I thought I was getting screwed.  Not necessarily by Progressive as they were the cheapest carrier I could find, just screwed in general.

As luck would have it however, Progressive decided to launch something called “Snapshot” which tracks the performance of your automobile and can provide you a discount for good driving habits.  Having nothing to lose, I signed up immediately and installed the device in my Mustang.  30 days after using the device, Progress knocked my auto insurance down by $28 a month, making me an extremely happy customer.  Spending 10 minutes to save more than $300 annually was awesome, but today, Progressive is officially my favorite company of all time.

My new policy is slated to begin on the 15th of October and I was mailed my new insurance documents yesterday.  With those documents came a letter informing me that my policy received yet another discount for good driving.  This time, Progressive took another $30 off my bill, bringing the total cost of my monthly auto insurance to just $52!  Taking into account the initial $28 per month discount I received earlier in the quarter, I’ve saved $58 (or 52%) on my car insurance by using the Snapshot device.  That’s an annual savings of more than $700.

Also included in the mail was a return box which I will need to use in order to send the Snapshot device back to Progressive.  I have 30 days to send it back and the postage is already paid for by Progressive.  Now that they are asking for the device back, the discount I have received is final so I can expect this amount to remain consistent so long as I am a Progressive customer who needs to insure his Mustang.

It’s refreshing to see a company live up to their word every once in a while and Progressive far exceeded my expectations.  They’ve done a bang-up job in making sure I’m a long term customer and when the time comes where I need home owners insurance, you bet your sweet boopy I’ll be using them too.  I urge anyone reading this post to consider giving Progressive and they’re Snapshot device a try.  So long as you’re a good driver who doesn’t brake hard all that often, I know you’ll also receive an amazing discount.

Published or Updated: September 16, 2011

Comments

  1. bob says:

    I am not comfortable with a large corporation installing a GPS unit in my car just to save a few bucks.

    $28 a month is not worth it for me. I have other ways to save, without giving up so much personal info.

    • Michael says:

      Not sure what you mean Bob

      My savings with Progressive was $58 a month and before installing the device, they already knew everything about me. Letting them know I’m a good driver seems like a win-win to me.

    • jim says:

      The device does NOT have GPS in it. It just monitors your speed and miles driven and such.

      Even if it did have GPS in it what do you really think an insurance company like Progressive would do with that information? Put the time, date and location of your weekly grocery trips into some secret government dossier?

  2. wow that’s a sweet deal if you ask me! I’m with All State and have been since the beginning of my insurance life. Who wouldn’t install a device to save you $700/year and it was only for 30 days.. right? There’s no harm in that.

    I just can’t stand their commercials.. argh

    • Michael says:

      Hi Ben

      The amount of time in which the device stays in your car varies. Progressive can request data for a full six months but in my case, this process took just around 3 months.

  3. jim says:

    I’m quite impressed by this. Saving 52% on your insurance is certainly a big deal.

  4. 3Shoes says:

    I was in the pilot program for this several years ago (around 2006 I think). At that time, the snapshot device also had a USB port on it and Progressive provided a PC program to allow me to review my own data anytime I wanted.

    There are all kinds of things that stream live from your cars OBDII system when your car is running, but a couple of the key datapoints they were monitoring was miles driven, throttle position, and speed over time (acceleration / deceleration).

    I’m not sure if OBDII has calendar / clock data, but if not the snapshot device used in the pilot program had it’s own. The snapshot would show all of the events with date & time data. … So they can also see what time of day you are driving.

    If you occasionally do any ‘spirited’ driving, or you drive in bumper to bumper freeway traffic that may require fast breaking or acceleration, or if you drive primarily in high crash times (AM rush hour / PM rush hour) or drive between midnight – 6am, or drive an excessive amount of miles during the analysis period, you might be better off not participating.

    Progressive says they will not raise your rate because of data obtained through Snapshot, but there’s no doubt they keep the data and consider it upon every renewal.

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