Allstate says it has hit a major 'mile'stone in July as its Drivewise customers register more than one billion miles driven over the course of about 38 million driving hours of data.
Meanwhile, the usage-based insurance product launched in Kentucky and Montana on Sept. 9, making the product available in 22 states.
Drivewise measures drivers' mileage, hard braking, excessive speed, and the time of day when an automobile is used to calculate insurance premiums savings. Once a driver is signed up to use Drivewise, he receive savings equal to 10 percent of premium. After the first six months of use, customer savings are based on driving performance calculated from the data collected.
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