LUFKIN, TX (KTRE) - Forget paying a traditional fee for your car insurance. A new device could have you pay as you drive.
The company behind the device claims you could save you up to 35 percent on your auto insurance if you're a good driver.
The little blue box says a lot about a driver.
"It'll monitor how many miles you drive annually, it'll monitor if you drive between 12 and 4 a.m. how many times you do that in a week," said Technology Associate for Terrell Insurance Agency Jonathan Terrell.
It also knows how fast you go and how often you brake hard.
Even Terrell had his doubts at first.
"The first thing I thought was no way it's not going to fly, not going to happen. The more and more I got to thinking about it, for the clientele that doesn't want it, it's not going to fly with them. For the clientele that its made for it's going to be a Godsend for them," said Terrell.
"I always obey the law, you know everywhere I go. I drive the speed limit and everything I think my insurance ought to go down," said driver Larry Crustner.
While anyone can sign up for the box, Terrell said it's designed for safe drivers to save money.
"I think it's too personal into people's driving lives. I wouldn't want anyone to know how I was driving," said one young driver.
Another driver said, "It might be good for older drivers just because they drive slower and...also first time drivers."
"I don't think I would like having my personal driving habits being recorded every step of the way. Sometimes you don't know what doing or you're not paying attention. That's just a way for insurance companies, in my opinion to pick and choose who they want to cover," said driver Chris Ward.
Terrell said it could also be an incentive for bad drivers to change their ways.
"If you have this person that just wants to save money this will enable them to do that. They can change their driving habits," Terrell said.
How do you know if MyRate is a good fit for you? Think about how many miles you drive annually, if you drive during the hours of midnight through 4 a.m. once a week, how often you drive on heavily congested roads, and if you hard break frequently and/or accelerate fast.
The little blue box could save you a lot, but it could also cost you if you don't always follow the rules of the road.
If you have a policy with several cars on it, you can pick and choose which cars you want to be on the program. And most importantly, Progressive says they cannot use the information from the device to cancel your policy.