Allstate hits a major 'mile'stone this month as its 
Drivewise gives safe drivers the opportunity to showcase their safe driving habits and earn a reward for it. Allstate's usage-based insurance product measures things such as mileage, hard braking, excessive speed, and the time of day when a customer drives. Using that data, Allstate calculates insurance premium savings for each customer using its telematics technology.
"As we ride past one billion miles, it's good to look back on the mission of the Drivewise offering - to help create a safer, more self-aware driver," says Allstate Product Operations Executive Vice President Steve Sorenson. "We are proud to offer customers a deep view into the way they really drive and, at the same time, reward them for safe driving habits - habits that can help make the roads safer for themselves and others."
Allstate continues its expansion plan with Drivewise and expects to see the program available in the majority of the country by year end, bringing potential savings to more and more participating drivers. Upon signing up for and using the device, customers receive savings equal to 10 percent of premium. After the first six months of use, customer savings are based on driving performance calculated from the data collected.
Drivewise customers can see their recorded driving behavior data on their smartphone or online with a report card that provides near real-time updates with each trip and provides easier access to customers on the go (customers must first create an online account to get a user ID and password). The web portal and app also display the potential performance savings amount a customer may be eligible for based on their driving habits, so drivers can constantly connect the way they drive with how much money they can save.
Drivewise continues to improve driving behavior and reward customers for safe driving. In previous states with the device, seven of every 10 Drivewise customers are saving money through the program and no one receives an increase. Of the drivers earning a discount, the average savings is about 14 percent per vehicle. Roughly, a third of all new customers enroll in the Drivewise program, where it is available.
Employing advanced telematics technology, Drivewise plugs into the on-board diagnostic port found under the dashboard/steering column on most cars (1996 model year and later) to track driving behavior. Participants can easily plug in the small, wireless telematics device, and then go online or use the mobile app to learn about their habits behind the wheel and identify what they can do to become safer drivers, which could also improve their auto insurance savings.