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New Driving App from State Farm Insurance Monitors and Evaluates How You Drive

State Farm, the insurance company, has just released an iPhone app that evaluates how you drive. Called the State Farm Driver Feedback app, the iPhone application uses your iPhone’s accelerometer and GPS to track your acceleration, cornering, and braking, and then gives you a grade. But is that all it gives you? What about increased insurance rates, or even being declined insurance, based on how you drive, as recorded by the State Farm Driver Feedback app?