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The insurance firm Safeco announced today the nationwide availability of Teensurance, allowing parents to track where a driver is, how fast they are driving, and the time they arrive at a specific location. The auto tracking system, dubbed “Safety Beacon GPS,” relays data via cellular networks.

Teensurance is available beginning today at an introductory rate of $14.99 per month, which is guaranteed for two years. Safeco is citing a normal rate of $29.99 per month. Installation and emergency roadside assistance is included. Further costs are likely to be incurred with Safety Beacon alerts:

Teensurance subscribers purchase and spend “credits” to enable and receive Safety Beaconâ„¢ notifications. For example, you spend one credit each time:

  • Safety Beaconâ„¢ notifies you about an event, such as your vehicle exceeding a speed threshhold or reaching a destination.
  • You request information from Safety Beacon™—such as your vehicle’s location—from a phone or your account at teensurance.com.
  • You configure a Safety Beacon feature or turn a feature on or off.

You receive 100 free starter credits when you buy Teensurance. Additional credits must be purchased through your online account. A block of 100 credits costs $29.99.

Other features include stolen vehicle retrieval support and remote door unlock.

Surprisingly, and to their credit, Safeco says they will not use collected individual data, stating that “individuals’ driving data (speed and location notifications) will be available only to parents and teens.”

This is a simple and easy to understand nationwide program; I expect it will prove quite popular.

Tags: GPS tracking children, GPS vehicle tracking, gps tracking, teen, driver, driving, vehicle, stolen vehicle, emergency, location, speed, safety, installation, teensurance, safeco

Don’t be foolish and naive like I was. I went years without shopping around my insurance rates, and one day it dawned on me.. All I had to do was take 5 minutes and get some free quotes and boy, did I ever save some major $$ :)

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