Pay Per Mile Auto Insurance

 

There are a lot of benefits to pay per mile auto insurance. For those people who travel very little, it is perfect. They are not forced to pay for a policy that says that they might drive 12,000 miles a year, when in reality, they might not hit that number in 10 years. Not only that, but they have discovered that pay per mile auto insurance also reduces the amount of driving that people do. They see those numbers racking up and they are less likely to drive just for the heck of it. These people are only driving when they have to – which is good for other drivers as it relates to less accidents, and it is good for the environment.
 
With most auto insurance premiums set on a specific number of miles driven a year, it is no wonder that this pay per mile plan would seem like a great idea for those who drive less. For those that drive more than the fixed plan, they will end up spending more – or cutting back on their driving. Both of which are good for the auto insurance company. But even with studies showing the amount of money that people would save, very few states are looking to take a chance on this policy. They say that they do not see many of their auto insurance clients wanting to take a chance on a policy like this.
 
In Texas they are at least trying it out – and those that have tried it like it.  They have the Mile Meter auto insurance plan where you buy one thousand to six thousand miles every six months. If you go over you can purchase more and if you are under they will be credited toward your next purchase.

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