Most people are barely scraping by when it comes to being able to afford driving a car. Some have opted to use public transportation or form a carpool. Despite the fact that these are big ways to chip away at the price of gas, in no way does it solve the problem as a whole.
Car owners are still stuck paying for car insurance coverage even when their driving is very limited. Essentially, auto insurance indicates a monthly bill, regardless of the time that is spent on driving.
New insurance plans are being brought to the forefront now and are indeed welcome. A few states are trying a new insurance arrangement known as pay per mile auto insurance.
The premiums for this kind of insurance would be based on how many miles that you drive. A plan such as this would stand to benefit drivers and insurance companies alike. No more full coverage rates when you are one that drives less.
These drivers would be able to have additional power over the costs associated with their car insurance plans. For people who don't use their cars as much, price reductions make perfect sense. The benefits are great for all involved.
What type of system would be enforced to determine the number of miles that one drives? They have to protect themselves against scammers that will try to manipulate the system.
Although nothing is official, one possibility includes the installation of an odometer that is linked to the insurance company and sending all information about the amount of travel that you do or perhaps even using something like a GPS unit.
The less that a driver uses their vehicle, the lower their premiums or payments will be. Drivers that can keep their travel miles at under 15,000 would stand to see the biggest savings.
People that have been using other methods to get around would actually be rewarded in the form of serious reductions on their insurance rates. Arizona, Indiana, Illinois and Pennsylvania are currently the only states that have adopted this plan.
Here are great pages for auto insurance quotes...
InsureMe Auto Insurance Quotes
Auto Insurance Quotes
Chimezirim Odimba writes on insurance.
Article Source: http://EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba
Car owners are still stuck paying for car insurance coverage even when their driving is very limited. Essentially, auto insurance indicates a monthly bill, regardless of the time that is spent on driving.
New insurance plans are being brought to the forefront now and are indeed welcome. A few states are trying a new insurance arrangement known as pay per mile auto insurance.
The premiums for this kind of insurance would be based on how many miles that you drive. A plan such as this would stand to benefit drivers and insurance companies alike. No more full coverage rates when you are one that drives less.
These drivers would be able to have additional power over the costs associated with their car insurance plans. For people who don't use their cars as much, price reductions make perfect sense. The benefits are great for all involved.
What type of system would be enforced to determine the number of miles that one drives? They have to protect themselves against scammers that will try to manipulate the system.
Although nothing is official, one possibility includes the installation of an odometer that is linked to the insurance company and sending all information about the amount of travel that you do or perhaps even using something like a GPS unit.
The less that a driver uses their vehicle, the lower their premiums or payments will be. Drivers that can keep their travel miles at under 15,000 would stand to see the biggest savings.
People that have been using other methods to get around would actually be rewarded in the form of serious reductions on their insurance rates. Arizona, Indiana, Illinois and Pennsylvania are currently the only states that have adopted this plan.
Here are great pages for auto insurance quotes...
InsureMe Auto Insurance Quotes
Auto Insurance Quotes
Chimezirim Odimba writes on insurance.
Article Source: http://EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba
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