As people look for ways to cut back during the recession, many are cutting back drastically on the number of miles they drive. According to the Federal Highway Administration, within the past 13 months, Americans have traveled upwards of 112 billion fewer miles.
Pay-As-You-Go insurance is an auto industry-pricing model that rewards drivers with insurance discounts based on the number of miles driven. The concept of Pay-As-You-Go insurance programs is based on the simple notion that those who drive less, pay less.
Between the economy, the green movement and drivers looking to curtail unnecessary driving habits, the driving forecast for 2009 shows a decline in the number of miles driven.
Continue reading "Driving Frequency Drops: People are Driving Less"
Going green has proven to be more than just a trend; for many it is a permanent lifestyle change. The same can be said for the millions of Americans who don't own a hybrid, but are instead driving fewer miles as part of the effort to reduce CO2 vehicle emissions and stop global warming. Now auto insurance companies are rewarding drivers for doing their part to save the environment by offering those who drive less an opportunity to pay less on their auto insurance premiums.
Continue reading "Consumers Drive Less and Drive Green Without a Hybrid"
Initial research estimates that pay-as-you-drive insurance could reduce driving by five to 15 percent. A 10 percent reduction in driving is estimated to result in a 17 percent reduction in crashes. -Sightline Institute Learn More
California's state government would save $54 million annually based on 2006 data and $60 million based on 2020 projections if they implemented pay-as-you-drive insurance programs.
-Brookings Institute Learn More
By enrolling in a pay-as-you-drive auto insurance program like the Low-Mileage Discount, your OnStar subscription might practically pay for itself. Learn More
Drive Less, Save More!
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