Got a GPS unit installed in your car? Depending on who you talk to, new tracking technology is either the greatest invention since the wheel or it’s the latest invasion of privacy by Big Brother! Consider this intel we found at MSN .com.
- First the good news: A GPS unit CAN save you money on insurance. Companies like GMAC and Progressive now offer discounts to drivers willing to share their GPS data. Now, we don’t mean the data from your dashboard display map. We’re talking about the data that comes from a device that tracks your mileage, speed, and location. In exchange for letting someone electronically track your driving, you may get a 26% break on your premium. Other companies offer deals for teen drivers. If they can verify that your teen drives safely, you’ll save 15%. If the GPS device catches them speeding or not wearing a seat-belt you’ll get a nasty e-mail about the infraction, and NO discount. Analysts say people tend to drive better if they know they’re being watched.
Here are some other ways a GPS unit help you:
- If your car gets stolen, the GPS signal can be accessed to find it.
- If you’re stuck in traffic, mapping software can look for less congested driving routes and that can help you save money on gas.
- Also, state and federal governments can use your GPS data to determine which roads get the most use. That could help them decide how to prioritize spending money on road repairs!
What’s where the potential downfall of GPS comes in. For instance:
- People worry that the same government paying to improve roads may charge you more in taxes – if they can show that you drive more than others!
- Also, car rental companies have the authority to install GPS transponders in their fleet to keep track of where you drive. So if you happen to drive outside the limits of your contract, they may fine you. One renter last year was socked with a $450 fine after the GPS unit in his car tracked him speeding!
Just food for thought if you’re considering having a GPS unit installed on your car.