Insurance is a tricky business because companies don't know you personally. They charge you premiums based on your age, gender, basic habits and past insurance use, and that's about it.
That means if you're a really good driver or are in great health, you might be paying more for insurance than you need to. The trick is how to convince your insurance provider.
When it comes to car insurance, a growing number of insurers have programs where they monitor your driving remotely. If they see you're a safe driver, then your premiums come down. Of course, the gadgets they use to track your driving are wide open to snoops and hackers. Click here for more about that danger.
Still, the basic idea is interesting, and apparently life insurance company John Hancock thinks so too. That's why it's come up with this pioneering scheme.