Why 69% of Drivers in 'Safe Driving' Programs Don't Actually Save Money

Usage based insurance sounds perfect on paper: you drive well, a black box or app proves it, and your premium drops. The reality looks very different when regulators, privacy advocates, and the Federal Trade Commission start pulling the data logs apart. A new Maryland Insurance Administration telematics report shows that most drivers in these programs did not get cheaper coverage, and a separate FTC action against General Motors and OnStar shows how easily your “safe driving” data can turn into a pricing weapon.