How Much Money Can I Save With Pay-Per-Mile Auto Insurance?
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...