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More Americans say they’re willing to be spied on – if it reduces their auto insurance rates.

Of the more than 2,000 consumers surveyed for LexisNexis Risk Solutions, half said they’d sign up for usage-based insurance if they’d save at least 10 percent on their premiums.

That comes at a time when the average auto insurance premium soared by $153 between 2012 and 2013, according to a study by J.D. Power.

Not all insurers offer usage-based or pay-as-you-drive auto insurance programs, or they may only offer them in certain states, so you may have to check with a number of insurance companies to find one that has what you want.

The LexisNexis survey found that more than a third of consumers would be willing to switch companies if they could save at least 10 percent on their premiums.

While big savings are possible with pay-as-you-drive – some insurers tout discounts of up to 50 percent — there’s no guarantee you’ll save that kind of cash.

The sweet spot in savings comes to someone who doesn’t drive a lot, drives safely, and stays off the road in the middle of the night.

How It Works

Programs such as Progressive’s Snapshot send you a device that plugs into your vehicle’s onboard diagnostic port, which is usually located beneath the steering column. It then records information on your mileage and driving habits and sends them to your insurance company.

State Farm’s Drive Safe & Save program uses your auto’s OnStar, In-Drive or Sync communication system to collect your driving information.

What It Looks At

What’s taken into account when setting your discount depends on the auto insurance company. Along with looking at how much you drive, some insurers are interested in seeing how you drive and when you drive.

Allstate says you should benefit the most from its Drivewise program if you drive no more than 12,000 miles a year. You could still see some cost savings if you drive 12,000 to 15,000 miles each year. (Your insurer may already provide a discount if you drive less than 12,000 a year. Call and ask.)

Besides tracking mileage, insurers may check to see if you brake hard, if you make jack-rabbit starts, if you speed, or if you routinely drive late at night or in the wee hours of the morning.

How Much Can I Save?

Like everything auto insurance-related, discounts vary from person to person and state to state.

State Farm promises a discount of up to 50 percent with its Drive Safe & Save program.

With Allstate’s Drivewise program, you’ll get a 10 percent discount when you sign up, but the full discount won’t kick in until your policy renews. At that time, you can save up to 30 percent on your rates.

Progressive also offers you an unspecified initial discount when you try Snapshot, and the complete discount after your information has been collected for five months.

What Can Happen to My Information?

While the insurance companies that have pay-as-you-drive programs make assurances that your driving data is safe from prying eyes, there are still privacy concerns about how the information might ultimately be used.

For instance, Brent Hunsberger wrote in The Oregonian:

Can others get the information? Law enforcement certainly can, and the information could be sought as part of a civil lawsuit.

Despite those privacy concerns, industry experts predict 20 percent of consumers will have usage-based insurance in the next five years, according to the National Association of Insurance Commissioners.

This post originally appeared on Money Talks News.

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