Members can receive up to 300 points per year for achieving safe driver status through a qualified telematics safe driving program. Allstate’s Drivewise is the first safe driving program eligible for Vitality Points, with other programs to be added in the future.
If you let Allstate track your driving, you can get a discount on car insurance. If you let John Hancock monitor your diet and exercise, you can get a discount on life insurance. Now, the two insurers are teaming up on the theory that safe drivers live longer.
The price will be letting the insurers monitor a lot of what you do.
Hancock, which is owned by Manulife Financial, sells Vitality branded life-insurance policies that offer premium reductions of up to 25% for healthy-living habits like exercising, buying nutritious foods and getting mammograms.
Under Allstate’s Drivewise program, the insurer tracks motorists’ speeding, braking and other driving behaviors, either through smartphone applications or devices embedded in their vehicles. It also offers premium reductions of up to 25%.
Now, Vitality policyholders who achieve safe-driver status in the Drivewise program will earn points toward their premium discount at Hancock. The pairing makes sense, the two carriers said, because crash injuries are a leading cause of death for all age groups. The partnership doesn’t go the other way, meaning drivers who keep healthy habits won’t earn credit toward a discount at Allstate.
Source: Wallstreet Journal