A new auto insurance company in Rhode Island is rewarding drivers with cheaper rates based off how they drive.
The catch is that policyholders have to allow HiRoad Assurance Company to track them in a cellphone app.
The Providence Journal reports executives of the company award drivers based on how safely they drive – using four criteria including breaking and speed.
After each trip, a score and projected discounts pop up on the app, showing the impact of the driver’s safety during that specific drive on their insurance rate.
The driver’s initial rate before discounts is calculated by HiRoad.
The company says it wants to make roads safer for everyone.
Information from: The Providence Journal
Topics Auto Personal Auto
Was this article valuable?
Here are more articles you may enjoy.
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
Some College Finals Delayed After Canvas Online Platform Hacked 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
