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What is Pay-Per-Mile auto insurance and how it can help drivers pay less on their premiums

By on November 1, 2021 0

LOS ANGELES (PRWEB) November 01, 2021

Compare-autoinsurance.org has launched a new blog post that explains what kilometer insurance is and how it helps drivers pay less for car insurance.

For more information and free auto insurance quotes, visit https://compare-autoinsurance.org/why-drivers-should-get-pay-per-mile-car-insurance

Drivers who no longer use their vehicles as much as they used to can save money by purchasing an auto insurance policy. Paying for a full coverage auto insurance policy doesn’t make sense for these drivers. However, as the law requires, removing auto insurance completely from their expenses is not an option for these drivers. Using telematics technology, kilometer insurance helps policyholders and car owners solve their spending problems by introducing an option that allows them to pay their insurance premiums based on the use of their cars.

Before purchasing kilometer insurance, drivers should consider the following:

  • How the rates are determined. The kilometer insurance only invoices the insured for the kilometers traveled. 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 purchasing this type of insurance.

  • It is not a new concept. In the mid-1980s, the National Women’s Organization filed a class action lawsuit against the auto insurance industry, alleging discrimination. They claimed that auto insurance providers charge more for policies covering female drivers, even though statistically women have fewer accidents. 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 cars less than 2,000 miles per year can get incredibly cheap policies and the insurance company can still make a profit. It also benefits insurance companies, as car insurance paid per mile would ensure that those who drive less will not be forced to ‘maximize’ their policies by using their cars more, which in turn would cause more accidents. which will entail costs for the company. . Of course, there is always the problem of fraud. However, insurance companies have solutions for this. Some companies ask their customers to send photos of their odometer settings from time to time.
  • It’s a green idea. Mileage insurance can encourage people to drive less, save on resources and have cleaner air.

For more information, money saving tips and free auto 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 is not limited to just one type of insurance provider, but offers customers the best deals from many different online insurers. This way, customers have access to offers from multiple carriers in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or national agencies, branded insurance companies, etc.

Read the full story at https://www.prweb.com/releases/what_is_pay_per_mile_car_insurance_and_how_it_can_help_drivers_pay_less_on_their_premiums/prweb18302268.htm


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