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Can Pay-Per-Mile Insurance Save You Money?

Car Insurance companies are starting to offer a new way to offering price insurance to customers that would now figure in based on their vehicle usage. Pay-per-mile insurance is a new trend that bases your payment on how much you drive. The largest company in America offering pay-per-mile insurance is Metromile. However, several Canadian insurance companies are beginning to offer the new pricing scheme, too, but how much will it cost in the end? How Does Pay-Per-Mile Work Each insurance company differs in how they implement their pricing scheme for pay-per-mile insurance. Generally, users pay a flat fee, and then each mile costs a few cents added to your bill. Driving 200 miles a month at a rate of $0.05 per mile would add $10 to the cost of the …

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Can Pay-Per-Mile Insurance Save You Money?

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