progressive usage based insurance Archives

Usage based insurance intellectual property from Progressive can now be licensed

January 25, 2013January 24, 2013 Julie Campbell

The insurer is specifying that it is the intellectual property and not the software in the program. In December 2012, Live Insurance News reported that Progressive would be licensing the intellectual property for its usage based insurance program, and that other carriers would start being able to use it as of 2015. Many have wondered whether the program also includes the software for the UBI coverage. For this reason, the insurer has issued an additional statement to clarify that it is only the intellectual property relating to the usage based…

Usage based insurance raises concerns over privacy

December 28, 2012December 28, 2012 H. Cutner

The wireless monitoring devices that can lower premiums are making people wonder about data sharing. The wireless technology that is installed in a vehicle in order to take advantage of the possible savings from usage based insurance is starting to cause some concern among consumers who are becoming increasingly aware of the risks they are taking with regards to sharing their personal information. Some wonder precisely what is being collected and how it is being used and stored by insurers. The concept behind usage based insurance is that a wireless…

Usage based insurance licensing terms released by Progressive

December 24, 2012December 24, 2012 Julie Campbell

With six American patents in place, the insurer has now announced the rules for the use of its intellectual property. Progressive has just announced the terms of a new licensing program that it has developed for the use of its usage based insurance programs and the various proprietary elements that are related to them. The insurer has been carefully developing and protecting the various parts of these programs over the years. This licensing option has been long awaited by the industry, as the insurer has been indicating that it would…

Usage based insurance patent granted to Progressive for sixth time

December 14, 2012January 9, 2014 Julie Campbell

The Snapshot program has now received another level of protection for its mobile device technology. Progressive has just received yet another patent in connection to its usage based insurance program, which covers the specific mobile device that is used by the insurers to obtain driver data. The insurer was awarded U.S. Patent Number 8,311,858 for its mobile device. The wireless device is installed into the vehicle of the usage based insurance policyholder in order to provide data to the insurer that can be used in order to determine that motorist’s…

Usage based insurance is Sprint’s next step in wireless

July 22, 2012July 22, 2012 H. Cutner

The company will be offering tracking technology to auto insurers. Sprint, the American wireless giant, has announced that it will providing usage based insurance tracking technology to auto insurers with programs that monitor the driving habits of their policyholders/ The announcement was made regarding Sprint’s new Integrated Insurance Solutions unit. The usage based insurance programs in which the technology will function are popping up all over the country. Among them, Progressive’s Snapshot has been among the most popular. The technology tracks various driver behaviors, such as the distance the car…

Usage based insurance offered by Progressive to non customers

July 13, 2012July 13, 2012 Julie Campbell

Insurer is expanding its program to individuals who want to save on their policies. The Snapshot usage based insurance program at Progressive Corp. has already proven to be highly popular as hundreds of thousands of drivers have agreed to allow the company to track their driving behaviors in order to gain the opportunity to save on their coverage, and now this same chance to save is being offered to non customers. Snapshot auto insurance is now available to anyone who would like to track their behaviors behind the wheel. Progressive…

Progressive makes insurance news with opportunities for drivers to save

April 21, 2012April 21, 2012 Julie Campbell

Progressive has made several announcements regarding ways in which it is making auto insurance coverage more affordable. For example, it has announced that drivers in West Virginia will now be seeing lower premiums for their car insurance. According to Allison Feakins, the West Virginia product manager for Progressive, “We make it easy and affordable for consumers to get car insurance.” She explained that the company is regularly reviewing the rates that it charges and that the market conditions have now permitted some changes that will assist individuals in saving money. Moreover,…