Posted on 19 Oct 2011
Recent reports indicate that many consumers are limiting their driving as a way to save money*. Travelers can provide another way for low-mileage drivers to reduce annual vehicle expenses with its mileage-based auto insurance product, IntelliDriveTM. Travelers IntelliDrive customers may receive an immediate discount of up to five percent at enrollment, and up to an additional 20 percent at renewal depending upon the number of miles driven.
"Our IntelliDrive auto insurance product will certainly appeal to those who are taking steps to help lower their annual vehicle expenses," said Elaine Baisden, Vice President, Travelers Personal Insurance. "Mileage-based auto insurance is something we've been monitoring for some time, and IntelliDrive fits with the growing demand for an auto insurance product that is more personalized than ever."
IntelliDrive measures mileage by using a small electronic device that a customer easily plugs into the vehicle. IntelliDrive customers can access personal driving reports through a secure website. The personal driving reports provide information on vehicle usage, which includes driving style and environmental impact such as fuel economy and carbon footprint.
Parents of young drivers can also enjoy the ability to establish vehicle alerts that notify them via email when the vehicle is driven aggressively, leaves a defined area, exceeds a certain speed limit or is used during an unauthorized driving period. These optional alerts are based on settings defined by the customer.
IntelliDrive is currently available in Illinois, Ohio, Oregon and Virginia. IntelliDrive can be purchased by visiting an independent insurance agent or by contacting Travelers. For more information on the benefits of IntelliDrive, visit Travelers.com/IntelliDrive.
* USA Today/Gallup poll conducted May 12-15, 2011
** Discounts and advantages may only apply to certain coverages, may not be available in all states and are subject to individual eligibility.