MetLife Expands Usage-Based Auto Insurance Program with New App to Help Drivers Stay Safer and Lower Their Rates
May 18 2017 - 9:12AM
Business Wire
MetLife Auto & Home® is expanding its usage-based auto
insurance program, My Journey®, with a new smartphone app to
monitor and improve its customers’ driving. Powered by technology
from tech firm TrueMotion, the app utilizes the capabilities of an
iOS or Android smartphone to provide drivers with quick feedback to
both improve their driving and lower their auto insurance
rates.
The My Journey program app automatically tracks key driving
behaviors, including total miles driven, time of day, road type and
conditions, hard braking and harsh acceleration, and phone-based
distracted driving, in order to arrive at a score for each trip.
The app does so by leveraging the sensors that are built into
smartphones to continuously analyze data as the car is in motion.
The app calculates and immediately displays an overall score for
each trip from 1-100, with 100 being the safest possible trip. A
cumulative safety score is built as time goes by.
“Today’s drivers face more distractions on the road than ever,
which increases the risk of driving and puts upward pressure on car
insurance rates,” noted Mick Noland, senior vice president, product
management, MetLife Auto & Home. “That’s why we’ve leveraged
the very latest smartphone technology to not only track drivers’
mileage to help them get the best possible rates, but also assist
in keeping them and others safer on the roads. ”
Through the app, drivers can get a good idea of how they drive,
as well as when and by what they are being distracted, so they can
alter their behavior and become safer drivers. Drivers who enroll
in the program immediately get ten percent off MetLife Auto &
Home’s standard rates. After drivers spend six months in the
program, MetLife Auto & Home will have enough driving data
calculate a discount , and careful behavior will be rewarded with
rates up to 30 percent off at the following renewal. Rates are not
being increased as a result of information gathered, and the My
Journey mobile app is free to those who enroll in the program.
“Our technology gives MetLife Auto & Home customers feedback
that helps them become better drivers and makes the roads safer for
all,” said Scott Griffith, Co-founder and Chairman of TrueMotion.
“It’s a win-win and we’re proud to provide the technology that
enables this app.”
The smartphone-enabled My Journey program is now available in
Michigan, New Jersey, Utah, and Wisconsin, with additional states
planned in the near future. MetLife Auto & Home’s My Journey
Program already has a usage-based auto insurance program, using an
under-dashboard device, in a dozen states to monitor driver
behavior and incentivize safe driving behavior with lower
rates.
About MetLife Auto & Home:
MetLife Auto & Home is one of the nation’s leading personal
lines insurance groups, insuring more than 4 million autos and
homes, and is affiliated with MetLife. For more information, visit
www.metlife.com.
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and
affiliates ("MetLife"), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information,
visit www.metlife.com.
About TrueMotion
Headquartered in Boston, Mass., TrueMotion combines the power of
mobile technology, machine learning and data science to impact the
rising rates of automobile crashes and fatalities. Its patented
technology uses the sensors built into smartphones to accurately
identify drivers and score their overall driving habits, including
distracted driving. Up to 75 percent of drivers who use TrueMotion
technology reduce distracted driving and other risky behaviors. The
company provides an enterprise version of its technology to leading
insurers, as well as free consumer apps under the TrueMotion brand.
More information is available at goTrueMotion.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170518005689/en/
MetLife, Inc.David Hammarstrom,
212-578-2736dhammarstrom@metlife.com
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