Better Drivers' Discount from Progressive

Business travelers who park their cars at the airport several days a week. Families with an extra car they only drive occasionally. Drivers who avoid slamming on the brakes. They’re all less likely to be in an accident and can save money on their car insurance with a new discount from Progressive (NYSE: PGR).With Progressive’s Snapshot Discount SM, customers can save up to 30 percent on their car insurance based on how, how much, and when they drive.How it WorksAfter drivers sign up for the Snapshot Discount, Progressive sends them a device the size of a garage door opener that plugs into the on-board diagnostic (OBD) port of their car.After 30 days, customers will find out if they’re eligible for a discount – up to 30 percent – based on their driving habits and will see that discount applied to their policy. People who drive less, in safer ways and during safer times of day are more likely to get a discount.At the end of the six-month policy term the company determines the renewal discount.Progressive may periodically check in with customers to get an updated picture of their driving by asking them to plug in the device again.