Be wary of Rev Match and Insurance monitors
01-11-2019, 10:32 PM
#41
..My agent's sales rep showed me her and husband's insurance company assessment of their OBD.
Her husband drives every weekday @ 4 a.m. to be at work by 5 a.m. That's counting against driving the vehicle between 12 Midnight and 5 a.m. Also, there's "heavy braking" events counting against them. Out of a possible -40% discount, they're still getting a -35% discount - even with the ongoing driving deduction practices. I call BS on the insurance companies too.....
..Since insurance premiums are a regulated industry in most all States, the insurance companies stay up at night trying to figure out how to scam and obfuscate the State officials and the general public. Insurance, is a racket.
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Last edited by Skid Row Joe; 01-11-2019 at 10:37 PM.
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01-11-2019, 10:58 PM
#42
Drifting
A long-time friend who runs an independent insurance agency told me the bar is set so low on triggering an 'event' in one of these devices, it's impossible to achieve the behavior that results in a meaningful discount. Rather than using the actual data to justify a discount, they use it instead to justify keeping your premium the same or in some cases, re-rate you to a higher premium. Kind of like saying 'we suspected you were a risk, now we have the data to prove it'.
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01-12-2019, 01:55 AM
#43
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I'll pass on the monitoring devices - not worth it to me for a discount. Shop around and you'll probably be able to find a company that has better rates anyway.
01-12-2019, 02:53 AM
#44
Drifting
I still get the Onstar driving reports and can't make sense of it most times - the number of times it says I had hard acceleration or hard braking on a day when I was just commuting to/from work and no spirited driving... The algorithms must be set to Prius standards where if you give it 1/2 throttle in a Prius, it's normal driving. 1/10th throttle in the Z06 would be twice the acceleration of the Prius so you get dinged for "hard acceleration.
No way, no how will I voluntarily let someone monitor my every move. It's too George Orwellian for me...
No way, no how will I voluntarily let someone monitor my every move. It's too George Orwellian for me...
01-12-2019, 07:09 AM
#46
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01-12-2019, 07:17 AM
#47
Sr.Random input generator
... and it may be considered insurance fraud, which is usually a big deal, so I'd not do it : )
01-12-2019, 09:07 AM
#49
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Originally Posted by Skid Row Joe
Add $2,000.00+ to what you're paying now..... You'd be 1st in line there. Read the posts.
01-12-2019, 01:28 PM
#51
Sr.Random input generator
Agreed, my thoughts are certainly not very 'warm' to them. In short, guys, please don't give in to the American greed and give in to these companies for short term gain. For any sports car including Corvette, these devices can be nothing but bad news, and tools/excuse for jacking up prices.
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01-12-2019, 06:06 PM
#52
Le Mans Master
Think again. For a $2000+++ upcharge, I'd be shopping other insurance companies, not bending over for the current one who wants to jack me by adding $2000 to my insurance bill -- all because I won't wear their monitoring collar. Lots of other companies out there.
Mandatory monitoring will come soon enough (perhaps under the guise of GPS-tracked "per mile tax" to replace/augment the current "gasoline tax"), but I'm not going to voluntarily opt-in.
As for the "savings" you may get -- think about it -- those GPS/OBDII tracking devices and programs cost the insurance company big money to implement and track -- do you REALLY think they spend all that money, just so YOU, the policyholder, can pay them LESS in premiums?
Not even close. It is an excuse to RAISE rates on most customers, not lower rates.
Mandatory monitoring will come soon enough (perhaps under the guise of GPS-tracked "per mile tax" to replace/augment the current "gasoline tax"), but I'm not going to voluntarily opt-in.
As for the "savings" you may get -- think about it -- those GPS/OBDII tracking devices and programs cost the insurance company big money to implement and track -- do you REALLY think they spend all that money, just so YOU, the policyholder, can pay them LESS in premiums?
Not even close. It is an excuse to RAISE rates on most customers, not lower rates.
Last edited by Kent1999; 01-12-2019 at 06:12 PM.
01-12-2019, 11:39 PM
#54
Le Mans Master
After getting a $4,000/year insurance bill from Geico to insure three cars, I gave Liberty Mutual a try. Slightly better coverage for $1,800/year. Being greedy I then opted into the 3-month monitoring devices for two of the cars (the third one is older than OBDII). I figured the Vette was in its winter slumber and my wife does not drive much. I have a car provided by work so 98% of my driving was in that. I figured I would easily get close to the 30% discount. So one day I took the Vette out for some exercise. I drove very carefully to keep the monitor happy but did use Rev Match a number of times. When I checked my computer for the driving record, I had a bunch of "excessive acceleration" events recorded. It seems the device records all quick throttle inputs regardless of the fact that the computer made them. A call to Liberty did nothing to remove the "events" other than the advice to not use rev match.
Just a heads up for the Vette community. And think twice about the monitoring program. Leaving the privacy issues aside, the system is extremely sensitive. What we would all consider normal braking is often logged as excessive. If you had to commute in traffic, your discount would disappear in a week.
Just a heads up for the Vette community. And think twice about the monitoring program. Leaving the privacy issues aside, the system is extremely sensitive. What we would all consider normal braking is often logged as excessive. If you had to commute in traffic, your discount would disappear in a week.
We sure three cars with Statefarm and our annual cost for all three is $1722.00 per year.
01-13-2019, 01:24 AM
#55
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No, NO monitoring... well, if they want to watch me having.... 
01-13-2019, 07:58 AM
#56
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Good God man, get your corvette moved over to the Corvette Museum or Hagerty unless you just like giving your money away to insurance companies.
01-13-2019, 08:28 AM
#57
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01-13-2019, 09:17 AM
#58
Burning Brakes
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While I left the privacy issues out, I, too feel that the general public is being scammed by the data miners. I always go out of my way to block the data, or skew it to flip them the "digital middle finger". I chose to do this only because it was only for three months and the Vette is mostly unused during this time of year. I thought I actually would be able to game the system to benefit me. But with the threshold being so low for "events" there is no way to do so. Ultimately I provided bad data as they have no way I drive the Vette, and we have been sticking with the old non OBD car (mostly) until the period ends.
Warning to all - don't sign up. Mandatory monitoring is someday going to be required.
01-13-2019, 10:39 AM
#59
I have the right to remain silent ... but not always the ability ...
01-13-2019, 10:51 AM
#60
Le Mans Master
Nope. Zero tickets, zero accidents and that includes my wife. No DWI, no nothing. Geico started out great, but each year the rates went up a bit...fast forward 30 years and I ended up at $4K. Goodby Lizard
While I left the privacy issues out, I, too feel that the general public is being scammed by the data miners. I always go out of my way to block the data, or skew it to flip them the "digital middle finger". I chose to do this only because it was only for three months and the Vette is mostly unused during this time of year. I thought I actually would be able to game the system to benefit me. But with the threshold being so low for "events" there is no way to do so. Ultimately I provided bad data as they have no way I drive the Vette, and we have been sticking with the old non OBD car (mostly) until the period ends.
Warning to all - don't sign up. Mandatory monitoring is someday going to be required.
While I left the privacy issues out, I, too feel that the general public is being scammed by the data miners. I always go out of my way to block the data, or skew it to flip them the "digital middle finger". I chose to do this only because it was only for three months and the Vette is mostly unused during this time of year. I thought I actually would be able to game the system to benefit me. But with the threshold being so low for "events" there is no way to do so. Ultimately I provided bad data as they have no way I drive the Vette, and we have been sticking with the old non OBD car (mostly) until the period ends.
Warning to all - don't sign up. Mandatory monitoring is someday going to be required.