Progressive Insurance recently rolled out a new program called Smart Haul® that gives qualifying truckers a discount on their commercial truck policy for signing up and sharing their Electronic Logging Device (ELD) driving data. The program provides a three percent discount for sharing ELD data. According to Progressive, most customers save an average of $1,384 a year with the Smart Haul® program. But, should you sign up?
Electronic logging devices automatically record driving data, including the number of hours that you drive in a day, your speed, and so on. Most fleet owners and owner-operators use ELDs since these devices became mandated in April 2018. Some larger companies have been using ELDs for years. When you use the Smart Haul® program, you are sharing sensitive data. Here is some more information about the program so that you can decide if it is worth it.
How Does The Smart Haul® Program Work?
Progressive has collaborated with existing ELD vendors, which allows the insurance carrier to collect the same data as the Federal Motor Carrier Safety Administration’s (FMCSA) ELD mandate. This means that you will not have to get another device.
To qualify for the Smart Haul® program, you generally must have:
- A USDOT number
- An Electronic Logging Device
- Primary liability coverage through Progressive
- Less than 10 vehicles (if a fleet)
If you are eligible, you will receive an instant 3 percent saving when you sign up. You might be eligible for additional savings after Progressive reviews your ELD data. The amount of savings depends on how safe your driving is compared to other drivers as well as other similar data.
The Smart Haul® program is not a replacement for traditional commercial truck insurance. It is simply a discount program that allows you to receive a discount based on your driving data. The safer your driving, the more you save. This program provides the most competitive rates for the safest drivers.
Is My ELD Data Safe?
Progressive says that the Smart Haul® program was never designed to be Big Brother. The company does not sell your data to anyone else. And, they have several safeguards in place to protect your private information. They said that their main goal is to help their customers out by helping them save money — and drive safer. Truck driver safety is essential to any truck business.
Can I Get More Than The Standard Three Percent Discount?
Some drivers are able to get more than the standard discount. Three percent is the minimum that you get just for signing up.
What If I Don’t Qualify For The Smart Haul® Program?
Fill out this convenient online quote form to find out about commercial insurance programs and commercial truck insurance discounts that you might be eligible to receive. We compare insurers so that you don’t have to. We will help you find the best rate and policy for your needs.
Most drivers are enthusiastic about Smart Haul® program. Who doesn’t want to be rewarded for good habits? For more information about the Smart Haul® program or to compare insurance quotes, fill out our handy online form 24/7. Our agents can help you get multiple truck insurance quotes so you can get great coverage at a great rate.