Pay-by-the-mile auto insurance picks up momentum in California
Insurance Commissioner Steve Poizner released regulations permitting and authorizing mileage verification for pay-as-you-drive, without dictating what form such plans must take.
A plan that might take shape is something offered from MileMeter, a Texas company who began selling insurance based on how many miles you drive. Basically each mile is a credit.
However some people have mixed feelings. Since there must be a GPS unit in the car to track miles, people worry about their privacy. Some also dont want their rental cars billed by the mile.
Related Information
Best Ways To Save Money On Your Auto Ins
1. Drive Less for and get a discount
Some carriers will discount your premium with a low-mileage discount if you drive less than 7,500 miles per year. Also ask your agent if you can receive a commuter discount for using public transportation.
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