The Travelers Companies Inc. is expanding its telematics auto insurance offering, IntelliDrive, with the launch of an app-based program called IntelliDrivePlus.
IntelliDrive launched in 2017 and is available in 40 states. It calculates a premium based on driving behaviors, excluding mileage, which are tracked over a 90-day period.
In comparison, IntelliDrivePlus calculates a premium at each renewal by assessing changes in mileage and driving behavior, such as braking, acceleration, speed, time of day and distraction. which are captured over the life of the policy, according to the announcement.
IntelliDrivePlus is now available to customers in Arkansas, Nebraska and Ohio.
Customers who choose IntelliDrivePlus could earn an enrollment discount of up to 12% for their first policy term. At renewal, safe driving habits can lead to savings of up to 30%, plus additional savings potential for low-mileage drivers or those who drive less over time.
However, Travelers notes, that riskier driving habits and higher mileage can lead to higher premiums.
Michael Klein, executive vice president and president of Personal Insurance at Travelers, said the insurer’s original telematics program, IntelliDrive, grew by 50 percent during the last year, “making it clear that consumers are increasingly comfortable with pricing that reflects their driving behaviors.”
A map of the driver’s route taken during each trip, along with their driving performance to date, are available for review after each trip. But location information collected in the app is not used to determine the auto insurance rate, Travelers says.