You know I can't even make this stuff up! With a feeble attempt at masking their fiendish plan, Farmers Group is hinting at lowering premiums by charging you for coverage by the mile! While that will probably work for my Mother it would be horrendous for most mothers. Child care, school activites, after schools sports and more.
The are taking technology to a whole new level buy measuring your cars usage by your iPhone or BlackBerry. And working on a tracking product that could possibly be released by the end of the year. Hold up, let me make sure I've got this right. They can come up with a tracking product to tell them how many miles my car is driven, but why couldn't they come up with something to track a car when it's stolen??
If they are going to "reward" low mileage drivers with lower premiums, what are you going to do to people like me, who's more likely to have higher mileage in cars? How about those that don't drive on rainy days? Or in the snow? And what about those who do? ChaChing!
Reality says this is just the beginning.
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