pay-as-you-drive insurance

Washington is considering a proposal that would allow drivers’ insurance rates to be based primarily on the number of miles driven per year. Supporters of the pay-as-you-drive bill, Senate Bill 5730, said pricing insurance per mile is more equitable because low-mileage drivers would no longer subsidize high-mileage drivers, and drivers would be incentivized to drive less and save money in insurance, fuel, and vehicle maintenance costs. That subsequently would reduce accidents, congestion and pollution, they say. The bill also suggests that if an insurer decides not to file a mileage-based rate plan, then it would be required to offer a… Read More »Pay-As-You-Drive Insurance in Washington