This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Trade Privacy For A Car Insurance Discount?

What would you do for a car insurance discount?

Nearly two-thirds of drivers said they would allow an insurance company to install a breathalyzer in their cars - nearly twice the percentage who would allow a cellphone disabling device, a new survey finds. commissioned a survey of 500 licensed drivers about steps they would take to save money on their car insurance bills. Even the least popular suggestion -- an onboard observation camera -- would be embraced by 20 percent of discount-seekers. Here are the results:
  • 64 percent would let an insurance company install a breathalyzer in their cars.
  • 39 percent would let an insurance company install a data-monitoring device.
  • 37 percent would install a cellphone disabling device.
  • 28 percent would let an insurance company limit how fast their car can go.
  • 27 percent would severely restrict their driving miles.
  • 24 percent would severely restrict when they drive.
  • 20 percent would let an insurance company install an observation camera.

There are no outright discounts for breathalyzers or cellphone disabling devices -- though, of course, a driving record free of DUIs and cellphone tickets is helpful if your aim is cheaper rates. No one will give you a break for a speed governor or an in-car camera, either. One company does offer a dash-cam to worried parents of teen drivers.

But there are indeed discounts for installing devices that monitor your driving habits, the number of miles you drive and the hours of the day that you are on the road -- and the discounts can be substantial. Most major insurers have a “pay-as-you-drive” program, such as Progressive's Snapshot or Allstate's Drive Wise. All look at mileage, but others also monitor driving behavior such as braking and acceleration.  (See “ Pay-as-you-drive insurance plans.”)

Drivers in the survey were also asked about discounts for safety systems.
  • 70 percent said anti-lock brakes would result in a discount.
  • 80 percent said collision-avoidance systems would result in a discount.
  • 31 percent said voice-operated controls for navigation, phone and e-mail would result in a discount.

Of those three items, only antilock brakes typically result in a discount. ( Newer technologies take quite a while to gain traction with insurance companies.)

See a complete Guide to Discounts for information on the discounts available for your profession, education, marriage, military service and even good grades.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs