Am I being wise using Allstate’s Drivewise?

The cartridge arrived in the mail yesterday, and I’m going to installt it in my car this morning, right after I finish this blog post.

It’s something called Allstate DriveWise, a tracking device that will, if all goes well, show my insurance company that I’m an excellent driver and that, in being an excellent driver, my insurance rates should drop.

At least that’s the plan.

Allstate is not the only insurance company to offer such a gizmo for their policyholders.  Progressive offers something called Snapshot, in which if you drive well your rates go down, and if you drive poorly you’re subjected to an eternal barrage of Progressive commercials involving talking insurance coverage boxes and some guy trying to get an a cappella harmony group to croon “Heaven is a Place On earth.”

Now just by ordering and installing Drivewise in my car, I’m receiving 4% off my current insurance bill.  And so long as I keep on the road, don’t ty to drag-race cop cars, and don’t attempt any off-road adventures in the Adirondacks, I should start to see a reduction in my bill – up to as much as 20%.

I’m skeptical.  And yeah, I’ve heard from people who are extremely suspicious about letting an insurance company track anybody’s driving habits. 

Yeah, I know, I know.  That being said, though, I’m willing to give this a try.   Look, I’ve already got Price Chopper tracking my purchases every time I use their “AdvantAge” card, so if I ever decided to buy cigarettes or alcohol with it, they would certainly snitch to Allstate anyway – “Excuse me, your policy holder is buying cigarettes, he obviously is a risk for lung cancer, and he’s buying beer, that means he’ll be driving drunk soon, you may want to jack his insurance rates up.”

Trust me.  Companies already know what you’re buying and how often you’re buying that product.  You don’t think those targeted advertisements for Product X aren’t aimed at YOUR wallet for one reason or another?

So maybe it’s time I used this tracking information to my financial advantage.  Maybe by using Allstate’s Drivewise technology, I’ll save up to a fifth on my car insurance in the long run.  We shall certainly see.

I’d like my rates on SOMETHING to go down, not up.  Wouldn’t you?

FTC Product Disclaimer: At no time did I receive or ask for any special consideration in describing Allstate or its Drivewise technology software in this blog.  This is unsolicited testimony and should be accepted as such.