State Farm and Cambridge Mobile Telematics (CMT) today announced version
3.0 of the Drive Safe & Save Mobile app, the latest update to the State
Farm voluntary telematics program. The updated app has a revamped user
experience with a focus on road safety. Users who choose to participate
will benefit from the actionable data and feedback to understand and
improve their driving.
Drive Safe & Save 3.0 uses CMT’s award-winning platform to analyze data
collected from smartphone sensors as well as the Bluetooth-based beacon
device affixed in the vehicle. The app automatically detects driving and
scores drivers on excessive speeding, hard braking, harsh acceleration,
and hard cornering. It also measures the driver’s phone distraction and
provides feedback to drivers about their phone use while driving,
encouraging them to drive without distraction. The platform will also
measure safe driving practices, allowing State Farm policyholders who
enroll in the program to save about 5% at sign-up and potentially save
up to 30% for their safe driving.*
“Users can now see exactly what driving patterns have affected their
performance. For example, I can now learn that I always make a hard
brake at a particular stop sign, and I can work to correct that with
better anticipation. Previously, I was only able to get general
information about the entire driving experience,” said Scott Bruns,
State Farm Director of Telematics Services.
By combining size and expertise of State Farm in the insurance market
with CMT’s strength in mobile sensing, artificial intelligence, and
behavioral science, Drive Safe & Save helps drivers practice safer
driving and manage the cost of auto insurance. This update puts many new
features in their hands to achieve that goal.
“We have worked with State Farm on telematics programs since 2012, and
are delighted to bring the latest advances in accurate and
battery-efficient mobile sensing, risk assessment, user engagement, and
telematics-based services to State Farm customers,” said Hari
Balakrishnan, founder and Chief Technology Officer of CMT. “We look
forward to continuing our Research & Development and collaboration with
State Farm to make roads safer by making drivers better.”
* Some customers could see a discount of up to 50%. Discount
names, percentages, availability and eligibility may vary by state and
coverage selected. Enrollment, terms and conditions apply.
About State Farm®
The mission of State Farm is to help people manage the risks of everyday
life, recover from the unexpected, and realize their dreams. State Farm
and its affiliates are the largest providers of auto and home insurance
in the United States. Its nearly 19,000 agents and approximately 58,000
employees serve approximately 83 million policies and accounts –
approximately 81 million auto, fire, life, health and commercial
policies and approximately 2 million bank accounts. Commercial auto
insurance, along with coverage for renters, business owners, boats and
motorcycles, is available. State Farm Mutual Automobile Insurance
Company is the parent of the State Farm family of companies. State Farm
is ranked No. 36 on the 2018 Fortune 500 list of largest companies. For
more information, please visit http://www.statefarm.com.
About Cambridge Mobile Telematics
CMT’s mission is to make the world’s roads safer. CMT’s award-winning
DriveWell platform measures driving quality, scores driving performance,
incentivizes safer driving, and provides crash and claims services for
insurers, rideshares, and fleets. Since its first product launch in 2012
that pioneered mobile usage-based insurance, CMT has become the world’s
largest and leading mobile telematics and analytics company with its
phone-only and phone+tag programs to measure driving risk, lower insurer
loss ratios, and improve crash-and-claims services. The DriveWell
platform is used by over 35 leading insurers, commercial fleets,
cellular carriers, and other organizations in more than 20 countries,
improving safety for millions of users. To learn more, please visit cmtelematics.com
and follow CMT on Twitter @cmtelematics.
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