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Metromile, Inc. is a San Francisco-based technology start-up that offers pay-per-mile car insurance, licenses a digital insurance platform to insurance companies around the world, and provides a digitally native offering featuring smart driving features, automated claims, and vehicle information.
Telematics car insurance programs offer discounts up to 40% for letting insurers monitor your driving habits through a plug-in device or smartphone app, but the savings come with important privacy ...
Miles matter: Demystifying mileage-based insurance. One big shift telematics brings is pay-per-mile (PPM) insurance. Traditional policies charge based on estimated annual mileage, regardless of ...
4. Consider pay-per-mile insurance. You may have heard of usage-based insurance or pay-per-mile insurance.While they’re slightly different types of policies, they can save you money.
Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
Cents Per Mile Now [55] (1986) advocates classified odometer-mile rates, a type of usage-based insurance. After the company's risk factors have been applied, and the customer has accepted the per-mile rate offered, then customers buy prepaid miles of insurance protection as needed, like buying gallons of gasoline (litres of petrol).
With pay-per-mile insurance, your car insurance premium is tied to a base rate and a certain rate for each mile. You pay the premium on a monthly basis that is based on the distance you drive.
These charges can be either a flat fee (e.g., a fixed number of cents per mile, regardless of where or when the travel occurs) or a variable fee based on considerations such as time of travel, congestion levels on a facility, type of road, type and weight of the vehicle, vehicle emission levels, and ability to pay of the owner.
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