Starting June 27th Safeco Insurance will offer “Teensurance” to its customers in 44 states. Teensurance is a new wallet sized tracking system that is mounted on the dashboard of a vehicle. The system allows parents to set limits for their teenage driver’s using the Teensurance web site. When the teenage driver exceeds the speed limit or travels too far from home or school, the parent automatically receives a message via phone call, text message, or email. The parent can also go online to see the car’s location.
Safeco will offer the service at $14.99 a month. They will not introduce insurance reduction rates until the company determines whether the program actually reduces the amount of collisions. Jim Havens, Safeco’s vice president, says that the device can also be used to monitor elderly drivers or vehicles in a small business fleet.
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