For as long as car insurance has been available young, new drivers have paid higher rates. Based partially on lack of actual driving experience,the insurance industry looks at young drivers as higher risk for accidents and charged accordingly. This method of insurance penalized those young drivers who did not speed, did not get tickets and didn’t have accidents. Until now.
Erb and Erb Insurance Brokers has an amazing new program that if you drive well you will pay less for your insurance.
Are You Between 16 and 24 Years Old? Do You Know Someone in That Age?
If you sign up for our new usage based auto insurance program you’ll get a 10% good driving discount right away. And you’ll be able to earn more discounts for good driving. How much more? Up to 25% additional savings in the first year.
How Does This New Car Insurance Program Work?
You plug a device into your car, it’s called a Smartbox. It records your driving habits and you are then billing based on how you drive. Once you’ve signed up, we’ll mail the Smartbox to you absolutely FREE. As soon as you’ve plugged it in, the Smartbox begins building up a picture of your driving style. Rest assured you have insurance coverage once you’ve signed up so you can still drive while you wait for the Smartbox.
Related Read: The Future of Insurance: Telematics
Want to Know How Well You’re Driving?
You’ll get access to the mobile app, which gives you regular updates on trends and patterns in your driving. Specifically, it will monitor your speed, acceleration, braking and cornering. All of which can help you earn more of a Good Driving Discount.
With the mobile app you’ll get reports and feedback on your driving habits and you’ll get your score on a scale from 1 to 100. The higher the number the more you’ll save. And with the regular feedback, you can quickly see how well you’re doing and can adjust your habits to improve your score. As well as using the mobile app, you can also log in to your account online.
If you drive poorly your billing can increase. That’s why it’s important to watch your speed, braking, cornering and acceleration – they can all add up to further savings.
Your Billing Gets Reviewed Every 3 Months
Unlike traditional insurance, with this new car insurance program your billing is reviewed every 3 months. That means if you’re a good driver you don’t have to wait a 9 months or a full year to be rewarded.
There’s Also the Good Student Discount
A 10% discount will apply where the principal operate is less than 25 years old and is either a graduate of college or university, or enrolled in a college or university program as a full time student, or is enrolled in high school and achieving an average grade of 80% or higher.
Interested? Want to get a no obligation quote? Read more info here or call 866.943.9541
Click here to go back to the Winter 2014 ProvERB.