The insurance company Allstate Corp. is preparing to launch products aimed at parents who want to monitor the driving habits of their teenage children. The Northbrook, Illinois-based insurer is adding the features to its usage-based policies.<\/p>\n
Usage-based insurance policies are already expanding at Allstate and many other insurers. In exchange for allowing the insurance company to install a monitoring device on their vehicles, policyholders receive discounts for safe driving. Allstate’s monitoring device is called Drivewise and was introduced in 2010.<\/p>\n
Tom Wilson, Allstate’s CEO, said the expansion of the Drivewise program would allow parents to know where their kids are if they are driving and would also include ways of teaching teenagers better driving skills by giving them a driving score based on certain algorithms. Data collected by the Drivewise device will show up on a user website where parents can look at a \u201creport card\u201d that measures safe driving.<\/p>\n