Allstate Introduces Usage-Based Insurance in Additional States
Allstate’s Drive Wise® program uses telematics technology to encourage and reward safe driving
Customers who think they’re safe drivers now have the chance to prove it and earn a discount for it on their Allstate auto insurance policy in four additional states starting October 8 with three more states slated for November and even more in 2013. Allstate’s usage-based insurance product, Drive Wise, measures things such as mileage, braking, speed, and time of day when a customer is driving. Using that data, Allstate calculates a driving discount for each customer using its telematics technology.
To date, more than 150 million miles have been recorded to help identify the safer driving habits that can earn participating customers driving discounts on their car insurance. Of the drivers earning a discount, the average savings is nearly 14% per vehicle.
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The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate®” slogan, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®. As part of Allstate’s commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $28 million in 2011 to thousands of nonprofit organizations and important causes across the United States.
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