The Travelers Companies, Inc. (NYSE: TRV) today announced that it has expanded its telematics auto insurance offerings with the launch of IntelliDrivePlus™. At each renewal, the app-based program calculates a new premium by measuring miles driven and driving behaviors, such as braking, acceleration, speed, time of day and distraction. IntelliDrivePlus™ is now available to customers in Arkansas, Nebraska and Ohio.
“Our original telematics program, IntelliDrive®, grew by 50% during the last year, making it clear that consumers are increasingly comfortable with pricing that reflects their driving behaviors,” said Michael Klein, Executive Vice President and President of Personal Insurance at Travelers. “IntelliDrivePlus™ builds on that momentum and offers our customers even more options to personalize their insurance.”
IntelliDrive® launched in 2017 and is available in 40 states. It calculates a premium based on driving behaviors, excluding mileage, which are tracked over a 90-day period. In comparison, IntelliDrivePlus™ calculates a premium by assessing changes in driving behavior and mileage, which are captured over the life of the policy.
To learn more about IntelliDrivePlus™, visit Travelers.com/IntelliDrivePlus.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $32 billion in 2020. For more information, visit Travelers.com.
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Contacts
Media:
Sperry Mylott, 860-277-5075
smylott@travelers.com
