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The real story on usage-based insurance

August 28, 2018
Author: Liz Giannetti

There’s a new company advertising these days, Root Insurance, with the claims that you get the best rates by using their app. The real story is almost every insurance carrier offers the exact same thing! Our carriers, including Progressive, Nationwide, Safeco and Travelers, use telematics, or usage-based insurance, to give you a more accurate rate based on how you actually drive. You’ll either use a device installed under your dashboard, or an app. Then for a period of time, the insurance carriers monitor:

  • Miles driven
  • Driving between 12 – 4 a.m.
  • When you accelerate quickly
  • Hard braking

While each carrier has their own program nuances, we generally see initial discounts for signing up for telematics programs between 5-10 percent, with the ability to earn 30-40 percent off your auto insurance premium! That can mean big savings for you, depending on how you drive.

I typically enroll all my customers into these programs when we move you to a new insurance carrier, but if you’ve been with your carrier for a few years and would like to try out telematics to save some money, just let us know and we can take care of the rest. Then you can just sit back and drive away the dollars!

Doug’s Did You Know

For all our customers who own condos, we have some news for you. Did you know that Titan Insurance Services specializes in master condominium insurance policies to cover your entire condo association? This coverage includes all the fine details of your association, the board, the building, grounds, etc. It’s something you help pay for each month when you pay your association dues.

With some of our carriers, if your condo is insured by the same company that you’re insured with, you can get a discount on your personal condo policy premium!

If you’d like me to take a look at your master condo insurance policy for your association, just shoot me a line or call and I can work with the property manager to give your association an apples-to-apples quote!

$75 in September!

Titan Insurance Services continues to grow, and 99 percent of our new customers were referred to us by one of you. To sweeten the pot, we’re doing a special $75 gas card referral thank you in September, so please tell all your friends, family, neighbors, coworkers and the like about Titan Insurance Services and our unique system designed to save you money. Thank you for your support!