Travelers Launches Usage-Based Auto Insurance App
July 18 2017 - 09:12AM
Business Wire
The Travelers Companies, Inc. (NYSE: TRV) today announced the
launch of the IntelliDrive™ smartphone app, which allows customers
to better understand their driving habits and get auto insurance
priced according to how they drive. Customers who use the app and
drive safely can save up to 20 percent and will receive valuable
feedback that can help improve their driving and savings. The
IntelliDrive app is now available in Minnesota and Nevada, with
more states anticipated to be added later this year.
“Our new app promotes safe driving by making people aware of
their driving habits — whether it is hard braking or accelerating
too quickly,” said Elaine Montgomery-Baisden, Chief Underwriting
Officer of Personal Insurance at Travelers. “IntelliDrive provides
personalized auto insurance pricing, rewards our customers for good
driving behavior and ultimately can lead to safer roads for
everyone.”
Travelers is partnering with TrueMotion, a leading provider of
smartphone usage–based insurance technology, to implement the
IntelliDrive app. Analysis of driving data from millions of trips
by TrueMotion users shows that when drivers receive a score and
tips about their actual driving behavior, they take steps to become
safer drivers.
IntelliDrive will capture driving information for all enrolled
drivers in the household for 90 days and determine an overall
score. Renewal premiums will be based on that score. New customers
receive up to a 5 percent discount for enrolling in IntelliDrive.
To learn more, talk to your local independent insurance agent or
visit www.travelers.com/intellidrive.
About TravelersThe Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto, home
and business. A component of the Dow Jones Industrial Average,
Travelers has approximately 30,000 employees and generated revenues
of approximately $28 billion in 2016. For more information, visit
www.travelers.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170718005178/en/
For The Travelers Companies, Inc.Sperry Mylott,
860-277-5075smylott@travelers.com
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