Hey, Check this out: Pay as You Drive Insurance!
Friday October 6, 2006
This is different.. The largest insurance firm in the UK is offering drivers a Pay as You Drive Insurance program. According to the online publicationGuardian Unlimited, "Motorists are to be offered insurance by the mile under a new scheme which works out their premiums according to when, where and how far they drive.
Britain's biggest insurer, Norwich Union, yesterday launched two new pay as you drive policies aimed at drivers who are happy to adapt their driving behavior in return for cheaper insurance."
Here is how it works: The drivers will get a "GPS Black Box" installed in their vehicles that will track how many miles are traveled. Drivers will also get an allotted amount of free miles per month. Do you think this could work in America?
That sounds like far too good of an idea to ever work over hear.
This could work anywhere, depends on your driving habits and needs. I would love it for my commute car, 99.9% driving time in this car is just to work and home.