Monday, July 28, 2008

Pay As You Drive Insurance Coming to NJ

From the Burlington County Times

The Associated Press

NEWARK, N.J. - One auto insurance company is offering Garden State motorists discounts of up to 60 percent if they install a high-tech monitoring device.

The wireless devices will tell Progressive how many miles are driven, how fast people accelerate and hit the brakes.

Under the pay-as-you-drive concept, good drivers will get discounts and lead foots could face surcharges as high as 9 percent.

New Jersey will be the fifth state to offer the option.

Progressive says in other states, about one-third of the company's customers have enrolled. They're saving about 10 to 15 percent.

The program will begin Aug. 8.


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