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For example, Mile Auto offers pay-as-you-drive insurance policies that let you report your mileage via a link that they email and text to you at regular intervals.
Even a modest 5% increase on a $1,500 annual premium means paying an extra $75 per year. ... retirement advisor to review your overall insurance coverage needs ... offer pay-per-mile programs for ...
"Drive Less, Pay Less for Insurance" Environmental Defense Fund (Nov. 12, 2008) Pay-As-You-Drive Vehicle Insurance advocacy organisation (British Columbia, Canada) "Insurer launches per-mile cover" BBC News Report (October 5, 2006) "Motorists 'must pay for road use' BBC News Report (December 1, 2006) Texas Driving Research Study
Pay-per-mile insurance is a type of usage-based insurance where the user pays a base rate along with a fixed rate per mile. The billing model is intended for low-mileage drivers and does not take driving style or behaviour into account (for determining rates or discounts). [ 2 ]
They offer a true pay-per-mile insurance where behavior or driving style is not taken into account, and the user only pays a base rate along with a fixed rate per mile. [60] The OBD-II device measures mileage and then transmits mileage data to servers. This is supposed to be an affordable car insurance policy for low-mileage drivers.
Drivers with poor credit typically pay $230 to $550 more annually for car insurance than those with fair credit, according to a recent industry report. Consider use-based insurance
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