MyRateSM Now Available to Louisiana Drivers
MyRateSM, Progressive’s optional, one-of-a kind, behavior-based car insurance program that lets drivers save big bucks based on how they drive, is now available in Louisiana. Drivers who choose to sign up receive a small wireless device that plugs into a port in their car. The device lets Progressive see how, how much and when the car is being driven. Cars driven less often, in less risky ways and at less risky times of day can receive a lower premium.
Progressive’s MyRate Program lets drivers pay based on how, how much and when their car is driven.
New customers can earn a first-term discount of up to 10 percent just for signing up. Then, when they renew their policy, their rate could decrease by up to 25 percent or more or increase by up to 9 percent based on their driving habits. It is available to Louisiana drivers who purchase policies online, by phone, or through independent insurance agents.
Progressive has been an industry pioneer in understanding that how you drive should affect what you pay, starting with a usage-based program called Autograph in 1999 and later a program called TripSense®. MyRate is now being rolled out countrywide, pending state regulatory approval.
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