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Teen Car Insurance Discounts

Lower your teen's car insurance rates with MobileTEENgps.

Are the car insurance rates you pay for your kids breaking your budget? We look at how technology is playing a role in improving teenagers' driving and lowering their premiums

Insurers test services that let parents monitor teens’ driving behavior

Keeping Tabs on Your Teen

With his daughter’s license in jeopardy, Mr. Mueller installed a tracking device, Teensurance, in the dashboard of her Volkswagen Jetta. Sold by Safeco, which insures the Jetta, the gadget uses G.P.S. technology to monitor Becky’s location and how fast she is driving.

For $14.99 a month, Mr. Mueller can get e-mail or text message alerts if Becky exceeds preset limits, like driving more than 15 miles from home or faster than 60 miles an hour. He checks a Web site to view satellite images that show the location of Becky’s car. And a roadside assistance feature unlocks the car’s doors for Becky, if needed.

“In today’s society, it’s a heck of a lot more convenient for a kid to have a car, but we wanted some assurances that she’d follow the rules,” Mr. Mueller said.

Becky initially disliked being tracked, but she has grown used to it.

“I don’t necessarily like it, but it keeps me out of trouble, and now that I’ve had things happen to me, I wish I had it before,” she said.

Starting on Thursday, Safeco will offer discounts to policyholders who use the device. A Safeco rival, A.I.G., does not offer discounts for MobileTeenGPS, a similar product that sells for $19.99 a month.

While privacy advocates are concerned that the devices could be used to penalize some drivers, the technology is likely to spread because it lets parents keep tabs on their teenagers, as well as helps insurers better manage their risk.

“If history is any guide, it will be a pleasant option for a few people at first and then it will become almost impossible not to have it because of the discounts,” said James Katz, director of the Center for Mobile Communications Studies at Rutgers University.

6/09/2007
Using GPS to watch the kids

Here is what Kim Komando writes about MobileTEEN GPS ...

MobileTEEN GPS

This thing is installed behind the dash. You can do it yourself, or have it done professionally. Once installed, you go to a Web site and set its parameters. Those include the car's speed and geographic limitations. You then enter up to three cell phone numbers. Those phones are alerted if the car violates your parameters. One phone number should be your teenager's. That's an electronic back seat driver!

You can monitor the car's speed and location anytime on the Web. The unit also will alert you if it has been turned off. In addition, it keeps weekly logs. Use them to coach your teenager.

The unit's price is $469.00. There is also a monitoring charge of $14.95 per month.

(click here to read the full story ...)

AIG Auto Insurance Launches GPS Based Teen Driver Pilot Program

NEW YORK--AIG Auto Insurance today announced the AIG Teen GPS Program for auto insurance policyholders with teen drivers. According to the National Highway Safety Administration (www.nhtsa.gov), auto accidents are the leading cause of death for 16 to 20 year-olds, with roughly 6,000 young lives lost annually. The program will initially be piloted in Arizona, Illinois, New Jersey, Pennsylvania, South Carolina and Washington, and uses GPS technology to allow parents of teen drivers to monitor the location of the teen’s car and driving.

After installing a small GPS unit, which is easily set up in 20 minutes, parents can instantly determine the exact location of the teen’s car via the Web or any phone. Additionally, the AIG Teen GPS Program will automatically send the parent an e-email and/or text message if the teen’s car exceeds pre-defined speed limits or is driven too far from a pre-defined location (home, school, work, etc.). To facilitate the program, AIG Auto Insurance has teamed with MobileTeenGPS (www.mobileteengps.com) as its technology partner for the AIG Teen GPS Program.

“Parents and insurance companies share one simple goal: to reduce accidents and save lives,” said Tony DeSantis, President of AIG Marketing, Inc., the direct marketing division responsible for AIG Auto Insurance. “This technology cannot prevent kids from using poor judgment or getting into accidents, however it is a great tool to help parents and teens agree on rules, monitor behaviors, develop safer habits, and ultimately save lives.”

AIG Auto Insurance will not track individual customer’s daily driving behaviors and data gathered during this pilot will not impact a customer’s rate or renewal eligibility. AIG Auto Insurance will offer this service to the pilot policyholders at a substantial discount off the normal device and monthly service fees.

AIG Auto Insurance consistently provides consumers with the opportunity to save on their auto coverages without sacrificing service. With over one million policyholders underwritten by member companies of American International Group, Inc. (AIG), AIG Auto Insurance has representatives available 24-hours-a-day, 7 days a week. The toll-free number for free rate quotes is 800-807-9458. In addition, www.aigauto.com delivers on-line sales, service and claims reporting made easy.

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

*Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting approval. The description of service herein is a summary only. It does not include all terms, conditions and exclusions of the policy. Please refer to the actual policy for complete details of coverage and exclusions.

MobileTEEN GPS™ is featured on the Hallmark Hall of Fame Presentation "Road To Forgiveness" on Sunday, April 22nd at 8pm/7c

Lorraine Rivera Reports
April 10, 2007 11:01 AM
Tracking Your Teen: Use tech to monitor teen's driving - click here for the complete article and video

AIG Auto Insurance is offering a pilot program here in Arizona to install small GPS tracking systems in cars. Besides following their teens around town, parents can sign-up to receive an email or text message if their teen drives over a certain speed, or is somewhere he or she shouldn't be. (more...)

3/10/2007
Tracking Your Teen: Use tech to monitor teen's driving

For teens, a driver's license is a ticket to a new world of opportunities. For parents, the new driver is cause for both celebration and worry. According to the government, car accidents are the leading cause of death for people 15 to 20. Sixteen-year-olds have the highest crash rate per mile, according to the Insurance Institute for Highway Safety. (more...)