By Jonathan Kimak
Progressive Insurance has a gadget that can monitor your driving habits. It can tell how many times you slam on the brakes suddenly and how fast you accelerate along with other signs of a good or bad driver.
If you drive safely then you could save as much as 60% on your insurance premiums. The downside is that if you drive poorly your insurance rate can actually go up by 9%. Everyone who signs up will get an immediate 10% reduction on their premiums before Progressive learns the truth. The monitoring system is already being tested in Alabama, Oregon and Minnesota and will make it to the rest of the U.S. during 2009.