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For senior drivers, rates hit their lowest point between ages 65 to 74, averaging $122.26 monthly. After 75, premiums begin climbing again, increasing about 5% to $127.96.
[3] [4] For driving, the rate was 150 per 10 billion vehicle-miles: 750 times higher per mile than for flying in a commercial airplane. For a person who drives a million miles in a lifetime (somewhat above average) this amounts to a 1.5% chance of death.
Afilalo points out that pay-per-mile programs are different from a low-mileage discount, which is a rate reduction for driving under a certain mileage annually — usually 7,500 miles a year.
Coverage is based on other data collected from the vehicle, including speed and time-of-day information, historic riskiness of the road, driving actions in addition to distance or time travelled. The formula can be a simple function of the number of miles driven, or can vary according to the type of driving or the identity of the driver.
A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...
New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by ...
The IRS mileage reimbursement rate is a deduction you can take for using a vehicle for qualifying purposes. This includes business, medical, moving or charitable purposes.
The U.S. government's National Center for Health Statistics reported 33,736 motor vehicle traffic deaths in 2014. This exceeded the number of firearm deaths, which was 33,599 in 2014. In 2020 there was 115% more road fatalities in the US than in the European Union, or 53% less in the EU than in the US, with nearly 38,680 in the US, [ 11 ] and ...