“Pay per mile insurance is not only an option that allows drivers to save money on their premiums, but also an environmentally friendly option. Fewer cars on the road means less pollution from motor vehicles, ”said Russell Rabichev, IMC Marketing Director
LOS ANGELES (PRWEB)
December 4, 2020
Compare-autoinsurance.org has launched a new blog post explaining what pay per mile insurance is and how it helps drivers pay less on insurance
For more info and free car insurance quotes, go to https://compare-autoinsurance.org/why-drivers-should-get-pay-per-mile-car-insurance/
Drivers who no longer use their car as often as before can save some money on car insurance. Paying for full-coverage auto insurance doesn’t make sense for these drivers. However, because it is required by law, it is not an option for these drivers to completely eliminate car insurance from their expenses. Using telematics technology, pay-per-mile insurance helps policyholders and car owners with their expense issues by introducing an option that allows them to pay their insurance rates based on how much they use their car.
Before getting pay-per-mile insurance, drivers should consider the following:
How the rates are determined. Pay-per-mile insurance only bills policyholders for the miles they have driven. Many of them are already saving 25% -40% on their auto insurance premiums. Usually drivers who drive less than 500 miles per month should consider getting this type of insurance.
- It is not a new concept. In the mid-1980s, the National Organization for Women filed a class action lawsuit against the auto insurance industry, claiming discrimination. They claimed that auto insurance companies charge more for policies that cover female drivers, even though statistically women have fewer accidents. As it turns out, the reason isn’t that women are naturally safer behind the wheel than their male counterparts. The reason is that women drive less.
- It’s a win-win situation. Policyholders who drive their car less than 2,000 miles a year can get incredibly cheap policies and the insurance company can still make a profit. It also benefits the insurance companies, because car insurance per mile would ensure that those who drive less are not forced to ‘maximize’ their policies by using their car more, which in turn causes more accidents, costing will mean for the company. Of course there is always the issue of fraud. Insurance companies have some solutions for that, however. Some companies ask their customers to send in pictures of their odometer settings from time to time.
- It’s a green idea. Pay-per-mile insurance can encourage people to drive less, saving resources and making the air cleaner.
For more information, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org/
Compare-autoinsurance.org is an online provider of life, home, health and auto insurance quotes. This website is unique in that it not only stays with one type of insurer but offers the customers the best deals from many different online insurance companies. This way, customers have access to offers from multiple carriers all in one place: this website. On this site, customers can access quotes for insurance plans from various agencies such as local or state agencies, brand insurance companies, etc.
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