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Posted: Monday, 28 July 2008 9:04AM

New Insurance Discount Available for NJ Drivers



NEWARK, NJ (AP)  -- One auto insurance company is offering Garden State motorists discounts of up to 60 percent if they install a high-tech monitoring device.

LISTEN: Some Like the Idea, Others Don't

The wireless devices will tell Progressive how many miles are driven, how fast people accelerate and hit the brakes.

Under the pay-as-you-drive concept, good drivers will get discounts and lead foots could face surcharges as high as 9 percent.

New Jersey will be the fifth state to offer the option.

Progressive says in other states, about one-third of the company's customers have enrolled. They're saving about 10 to 15 percent.

The program will begin Aug. 8.

New Jersey motorists have the highest auto insurance rates in the nation, an average of $1,184 per vehicle.

© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Audio Content and Graphic Content © MMVIII WCBS-AM 880.
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