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How Exactly Does Snapshot from Progressive Insurance Work?
July 25, 2020
What it is and who may benefit from it.
Snapshot is a device that plugs into your car's OBD-II Diagnostic Port (see image below) The port is usually found under your steering wheel. The device captures information and sends it back to Progressive to determine the discount to which you may be eligible.
A device that is plugged into your car’s diagnostic port can measure metrics surrounding your car’s health and usage. What the device can measure and what it tracks for purposes of your insurance program includes.
What are the things that Progressive Snapshot Measures for rating purposes?
- Hard Braking: If you tend to brake quickly (hard) at your stops, this device is not going to be kind to you. Interesting fact.... the device "beeps" when it registers a "hard brake". If you are paying attention, you can quickly learn what constitutes a hard brake and adjust your habits accordingly.
- When you Drive: If you drive a lot between Midnight and 4AM, the device will count that against any potential discount. If your job requires late night driving, that will not reflect positively.
- How much you Drive: If you drive less miles than average, your discount will reflect that. If you have a long commute or just drive a lot in general, this program is likely not to your benefit.
Progressive's Snapshot allows for a 30-day trial without being their customer. Since our agency was going to be advising clients on the use of the device, a number of our staff gave it a test drive for the 30-day trial period. Our results were mixed. Everyone earned at least a minor discount. Some testers earned the full 30% discount, while others saw much less (say 5%).
Who might it benefit? If you are a:
Have more questions about Progressive Insurance and if it’s right for you? Please feel welcome to give us a call (607)324-7500
Who might it benefit? If you are a:
- Defensive, "gentle braker",
- Don't drive late at night and
- Drive fewer miles than average (say 30/day)
Have more questions about Progressive Insurance and if it’s right for you? Please feel welcome to give us a call (607)324-7500
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The year 1962 was marked by historic events—from the Cuban Missile Crisis to the passing of Marilyn Monroe. But while the world focused on these headlines, Lee A. Ryan was working alongside his brothers on my grandparents' farm when an unexpected opportunity arose—an invitation to join the insurance business. With no prior experience, no clients, and limited resources, my dad took a leap of faith and partnered with Nationwide Insurance to start an agency from scratch. Operating out of his home on Karr Valley Road in Almond, NY, he built his business one relationship at a time (some of whom are still clients!), laying the foundation for what would become a lasting legacy.
“Am I covered if I drive someone else’s car?” Or, “Am I covered if someone else drives mine?”
Many don’t realize that the insurance industry is one of the country's most regulated business segments, especially in New York State. The New York State Department of Financial Services (NYS DFS) wields significant control over the insurance business and has a stated goal of protecting consumers.
Most property insurance companies offer Actual Cash Value or Replacement Cost settlement options. Typically, insurance companies will require that you insure the property to the settlement value you choose. If you select Actual Cash Value, the amount you may be required to insure the property for will be less than the corresponding Replacement Value.
In that spirit, the Ryan Agency is sponsoring a Stearns BBQ Dinner pickup at our office on 57 Broadway Mall in Hornell on September 12th from 3:00 PM to 4:30 PM.
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Sometimes, this concept meets with resistance from policyholders. The thought of paying more in the event of a claim is off-putting to some. Even if that means I pay more for my insurance.
