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Auto insurance is a cost no driver can escape. If you own and drive a vehicle, you have to pay car insurance costs monthly or annually – and those costs can be very expensive. The average American driver pays over $1,500 per year for auto insurance. In some states, that cost can be even higher. But there’s a new kind of auto insurance that’s changing everything. This new insurance option is making auto insurance premiums cheaper, and it’s giving drivers a break. It’s called pay-per-mile insurance. And unlike traditional auto insurance, these policies only charge you for the miles you actually drive. Could you save money by switching to pay-per-mile auto insurance? Here’s what you need to know about this new kind of insurance policy. How Pay-Per-Mile Insurance Works Pay-per-mile auto insurance works differently than traditional auto insurance. While traditional auto insurance bases your premium rate on a number of factors like age, vehicle type, location, and more, pay-per-mile insuran...

Drivers have a lot of expenses to worry about. From insurance to gas money, to car payments, to regular maintenance, thousands of dollars are taken out of your pocket annually just to be certified for the road. If you’re wondering how you can save money, start with your car insurance. To stop overpaying, there are easy things you can do to lower your premium and save money. One study shows that Americans are overpaying nearly $37 billion per year. But there’s good news: you aren’t locked into your current insurance premium forever. Search online for simple strategies to find out how you can save money on next month’s bill. Here are seven ways to save money on auto insurance. 1. Look Into Insurance Company Discounts Your car insurance rate is determined by the base rate and surcharges, minus any relevant discounts taken from that total. You can take a big chunk of change off your monthly premium by qualifying for discounts your insurer offers. Discounts can vary from insurer to insurer...