Daily Money - Is your car spying on you?

However, it could be to your benefit
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Money
Idea
Today's Timely Tip
Car

We may not have flying cars yet, but we do have spying cars. Many car insurers offer telematic programs to track driving behavior in exchange for lower premiums. Drivers who participate by installing a device in their car or using a phone app can save up to 40% on their car insurance. However, there are some privacy concerns, as insurers may track more data than drivers realize.

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Idea

Don’t want to risk privacy concerns? Shop around! Not all insurance companies offer or require telematics programs. Look for traditional insurance plans that base rates on factors like your age, location, driving history, and the car you drive.

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