New Per-Mile Auto Insurance System Could Help Save Up to 40% Each Year
Whether you’re a new driver or have been on the road a long time, it is always worth looking into auto insurance options. Affordable auto insurance companies are available in many communities and they can be a great resource to help you save money while still being protected. You can call these companies or look up affordable auto insurance quotes online, providing you with privacy as you consider your options. Many will help you set up a custom plan that fits both your budget and your needs, starting with an accurate insurance payment and working backward from there.
If you’re looking for new insurance, compare quotes online before you talk to anybody. Consider all of your needs. Do you have anyone to add to the insurance policy? What works best for everybody? The cheapest option might not be the one that fits your needs, but you can still find ways to save money. By spending time comparing options before buying, you’ll be sure that you’re getting the best deal for your money while also staying safe on the road.
When it comes to finding affordable coverage, working with tour local auto insurance agency is usually the best way to find great deals, savings, and rates on your insurance policy. These professionals can help you find the coverage that is just right so you are fully protected without overpaying for things you really do not need. A professional and accurate insurance company can save you a good bit of money every year by getting you the best insurance plan available.
Securing an accurate insurance payment can make a big difference. It can not only save you money each year, it can also ensure you have the right level of coverage for your driving needs. Different cars, different driving habits, and different driving records will require different coverage and policy options.
Your insurance company should be able to help you with add on insurance options and work with anyone you need to add to insurance policy overage that you currently have with them. So, find your local insurance agent and give them a call today to learn more!
On Wednesday, July 16, Metromile launched its cost-efficient “per-mile” auto insurance system to drivers throughout California.
According to a July 16 TechCrunch article, Metromile’s system, which allows the 70% of drivers who drive for less than 100,000 miles per year to pay for their insurance based on their mileage, has already seen success in Oregon, Washington and Illinois.
While traditional auto insurance frequently overcharges the average driver to subsidize high-mileage motorists, TechCrunch reports that Metromile’s insurance allows the driver to pay an insurance rate that reflects their individual driving patterns.
The result, according to Metromile, is an annual savings of as much as 50 to 60% for the average driver, or about $500, reports a Fast Company article.
“A program like this will be advantageous for some, and not for others. In the state of Florida this could be beneficial due to the amount of retirees, considering how little they drive. The drivers that know how many miles they drive are going to be the ones that sign up for this program, and the insurance company will not be able to capture the premiums for cars that sit in the driveway for 6 months out of the year.” said Doug Jonhson of Johnson and Fletcher Insurance
According to TechCrunch, Metromile gives its customers a free cellular GPS telematics device that plugs into a car’s diagnostic port to track how many miles are driven. The device then reports back to Metromile, which charges for insurance based on a customers’ mileage.
And while Metromile’s service is currently only available in four states, the company plans to expand to the rest of the country in the future.