Pay Only For What You Use

Pay Only For What You Use

If you are looking around for ways to save on your car insurance, you've probably encountered all sorts of different types of coverage and types of insurance. With all that, you pay for your coverage during certain periods.


"Pay-as insurance and that the drive is a little different. Instead of paying for a period of time (one month, 6 months, years), you only pay for the miles they actually drive.

About Insurance Pay-as-you-drive

It has been around a while, but it's only now getting to America.

The idea is simple: you pay for every mile driven, as you need the maximum coverage. This, of course, does not contain a situation of complete and other non-driving.

How does Miles reported

Why do you pay for miles, you and your insurer must be a way to solve a number.

Black Box

The new technology is partly what fuels the growth of companies offering pay-per-use plans that drive.

One such innovation GPS chip can be mounted on your car. This automatically alerts the mileage to the insurance company.

(Apart from the insurance company itself, you can also save money because your car will be easier to recover if stolen, and thus reduce the risk that the insurer must pay to replace a vehicle.)

OnStar

This is the second major technological innovation that can help you save on insurance. As it is for GM vehicles, you should get insurance through GMAC. In this way, the OnStar system automatically report your mileage to GMAC. You can even call them at any time to see how much you need at the moment.

Checkup

With this system, you meet with an engineer, agent, or another expert from his insurer. They check the mileage of each billing period, the insurance company sends you a bill.

Honor System

Of course, this is rare.

smaller insurance companies to notify their mileage without confirmation. If, however, has been declared in the exact mileage will be denied, and probably dropped as a customer.

Is to pay as motor insurance, which the drive for you?

Unfortunately, this may not be available to many people due to limited areas and businesses that offer insurance payments, which the disk drive.

Currently, State Farm, Progressive and GMAC are all systems that offer employment-based.

The people who run Little

If you are a commuter, or simply do not run very often, pay-as-you-drive auto insurance can be a good option for you. Remember, you can probably get a low mileage discount on the normal coverage.

People often lead

If you drive twenty miles or more in most cases, it really makes no economic sense to pay by the mile. You are better off staying with a classic policy, especially if you travel a long day at work or school.

Mixed mileage drivers

If the guide is quite unstable and variable - some days a lot of runs, and sometimes you do not drive at all - you should pay attention to your monthly mileage and to assess the cost of car insurance quotes.