Have a high car insurance rate? Your phone may be tattling on you.
According to a recent report from the New York Times, some apps track your driving habits and sell that data to your insurer.
These apps use specific opt-in features that track your locations and movements but don't necessarily clarify that your information will be sold later.
Some apps may surprise you because they aren't directly related to cars — one is a family tracking app, while another creates detailed weather reports.
If you're trying to save money on car insurance, read on for the three apps drivers should be mindful of.
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Life360
Life360 is a popular location-tracking app for parents. In addition to tracking phone locations, the app has tools to facilitate driving safety, digital safety, emergency assistance, and roadside services.
Life360 also has features that rely on the phone's sensor and motion data. For example, customers can opt into a feature that notifies them if a family member crashes their car.
This feature is powered by an analytics company called Arity, which buys access to the customer's data and then sells it to its parent company, Allstate.
MyRadar
MyRadar is a weather app that offers detailed forecasts. The app also has an opt-in feature called "MyDrives," powered by the data broker Arity.
"MyRadar app users can now quickly access personalized insights about their drives before they get behind the wheel," the Arity website says about the feature.
"Users can look up if the drives they typically make are safe when road conditions could be dangerous.
This new feature within the MyRadar app, MyDrives, pairs Arity's Predictive Mobility solution with MyRadar's weather technology, helping users determine if they should take a different path, leave at a different time, or both."
GasBuddy
GasBuddy is an app that helps customers find the cheapest gas stations in their area. The app also has an opt-in feature that rates the fuel efficiency of customers' drives, again powered by Arity.
The "fuel savings score" is determined by "analyzing app users' past driving behaviors to predict future fuel consumption needs," Arity's website reads. "Arity is able to analyze driving behaviors, mileage, and other comparable data" to create this score.
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That is exactly what The Definitive Guide to Retirement Income helps answer.1 <p class="">Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. Guides are provided by Fisher Investments. The publisher may be compensated when readers request a guide.</p> It is a free guide from Fisher Investments covering what your retirement will really cost, where the cash flow should come from, and how much you can safely withdraw each year. Learn More Here ›
Bottom line
To make matters more interesting, Arity is selling data that isn't aggregated. The company sells information on individual drivers, so Allstate and its partners can see exactly how customers drive.
But remember, the features listed above are all "opt-in," so you can download these apps without Arity selling your data. Just be sure to click "opt-out" when the app prompts you to do so.
If you own a car, it's crucial to be diligent about technology and making smart money moves.
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