It seem insurance companies are going hi-tech to perfect their art of risk assessment. The top companies are working on hi-tech gadgets that will help them monitor your behavior and assess your risk based on that. For instance, a gadget that will monitor your speed, the number of times you hit the break, or anything else that you do in the car could tell a lot about you as a driver to insurace companies. It seem Progressive is using one, though I haven’t seen it. Seems to be a worthy risk for insurance, though I am not sure how they can sell the whole concept to the consumers. Privacy anyone?
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