On Thursday insurance company State Farm (Bloomington, Ill., U.S.A.) and telematics company Hughes Telematics Inc. (Atlanta, Ga., U.S.A.) announced a joint venture to bring safety and diagnostic features to all State Farm policyholders.
In-Drive, a service customized by Hughes Telematics, includes such features as one-touch emergency response, roadside assistance, stolen vehicle location assistance and vehicle diagnostic alerts and maintenance reminders. The service also includes a website and smartphone app for remote and mobile access, according to State Farm.
In-Drive provides an installable device that works in most vehicles made after 1995, which gives access to connected vehicle services without requiring drivers to purchase a new vehicle, says State Farm.
In addition to offering new connected services, In-Drive can provide driving performance data. Customer savings will be based on mileage, turns, acceleration, braking, speed and time of day vehicle is operated, according to State Farm. Initially, those opting to participate in this voluntary program will save approximately 10% on liability, medical payments and collision and comprehensive coverage, says the company.
The amount of premium savings can change at each renewal date (every six months) as odometer readings and other driving information become available. The website will showcase where a customer's discount stands and what factors have contributed to the discount, according to the company. Those who drive the national average of 12,000 miles per year can typically save from about three to 20% depending on the way you drive.
Services will be available in three different packages. For the first six months, the basic package will be free after a $10 activation fee. Other packages will range in cost from $5 per month to $14.99 per month. In-Drive debuts in Illinois in September with more states to be added in 2012.