Pay per mile car insurance, sometimes called usage-based insurance, is a new type of auto insurance that offers more affordable rates for drivers who don’t use their cars very often. It’s perfect for people who commute to work by public transportation or carpool with someone else. This kind of insurance gives the driver an electronic device that they plug into their car’s diagnostic port and it records miles driven on days when you are driving your car. The device also monitors how fast you are driving so if you get into any accidents.
What is pay per mile insurance?
Quite simply, pay per mile car insurance is a newer type of automobile insurance that bases the rates you pay on how many miles you drive in each month. The less you drive, the less you pay; it’s as simple as that! This kind of auto insurance is great for people who don’t use their car often or who take public transportation to work.
The less you drive, the less you pay; it’s as simple as that! Pay per mile auto insurance is a newer type of automobile insurance that bases the rates you pay on how many miles you drive each month. This kind of insurance is great for people who don’t use their car often or who take public transportation to work. Quite simply, this form of automobile insurance compares your driving habits with the national average. If you drive less than the average, you’ll pay less for insurance.
This type of car insurance is perfect for people who:
– don’t use their car often
– commute to work by public transportation or carpool with someone else
– have a low annual mileage
– live in a city where driving is not necessary
If you meet any of these criteria, then pay per mile insurance may be a good fit for you! Read on to learn more about how this new type of auto insurance works.
What are the benefits of pay per mile car insurance?
There are several great benefits to using pay per mile insurance:
– You only pay for the miles you drive, so it’s perfect for people who carpool or use public transportation.
– Since you only pay for the miles you drive, this kind of insurance is great if your annual mileage is low.
– If you live in a city where using an automobile isn’t necessary (such as parts of Florida), then pay per mile insurance may be ideal since there are other ways to get around town!
How does Pay Per Mile Car Insurance work?
A driver has two options when they want to sign up for automobile insurance with usage-based insurance: plug into their car via device plugged into the diagnostic port OR have a telematic box installed by installing company which will send information directly through cellular networks about trips and location of vehicle.
If your insurance company determines that the car is driven at a rate below average, then auto insurance rates will be lower. If a car drives above this determined usage level, then insurance prices will increase to match national averages for miles used per month and rates of accidents in geographical location.
Can pay per mile insurance save you money?
Yes! In fact, many drivers find that they save money by paying per mile insurance. This is because you only pay for the miles you drive, so if you don’t use your car very often, you’ll end up paying less for auto insurance. If you live in a city where using an automobile isn’t necessary, then this type of insurance can be especially beneficial.
If you’re interested in learning more about pay per mile car insurance, be sure to check out our website or give us a call today! We would be happy to answer any of your questions.
If you want to discuss options for car insurance, please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.