Comments on: Pay-As-You-Drive Car Insurance

By: Manish

Manish — Tue, 13 Sep 2011 11:13:24 +0000

By: TwylaSharmaine

TwylaSharmaine — Thu, 14 Apr 2011 14:03:53 +0000

This initiative is great as it sounds. It is logical to have an insurance that fits your needs. I once had a discussion with a home insurance Ireland agent and he quoted: “I know nothing about racing and any money I put on a horse is a sort of insurance policy to prevent it winning”. I think he tried to tell me that an insurance policy shouldn't be the same for all. If I drive less than I should pay less, that's how the things work.

By: Smith

Smith — Tue, 08 Mar 2011 10:41:34 +0000

I'm in favour of making Insurance and VED part of the fuel price. That way nobody can be uninsured and nobody can avoid their car tax. It would need the tax on fuel to come down quite a lot, though.

By: Brenda

Brenda — Mon, 08 Nov 2010 16:24:26 +0000

There is another issue I see with this type of insurance, are they going to figure in where you drive? I live in a rural area where traffic is nothing like you see in the big cities. Wouldnt the risk be lower, at least theoretically? Of course, there is also the issue, like someone else mentioned, of privacy! Before you know it the insurance companies will know as much about you as the IRS… lol.

By: Geo R

Geo R — Wed, 15 Sep 2010 09:30:39 +0000

The idea seems interesting but will it really work to stop carbon emission. cars aren’t the only cause of carbon emission. what about the other pollution causing agents?

By: Isabell

Isabell — Fri, 16 Apr 2010 05:28:09 +0000

Good Article. The ‘pay as you go car insurance’ really saved my money a lot. I use my car very often. And for this reason I have installed tracking box into my car and this records details like mileage; distance traveled, etc., and transmits all the information to the insurance company. This tracking box is also capable of locating the exact location through G P S system or habitual features of your driving like abrupt starting or stopping of the car, hard breaking and excess and heavy acceleration. This can also be easily switch off insurance premium if you won’t be driving your car and don’t need it.

By: Illeana

Illeana — Fri, 01 Jan 2010 05:43:00 +0000

I feel this is a good way of paying insurance…I too am having Pay As You Go Car Insurance as it enables you to pay for the days you are actually using your car and not for all the times it lying unused parked outside. In this way I am able to save loads of money annually. This type of insurance is simple and convenient. All you have to do is install a tracking box into your car. This tracking box records details like mileage; distance traveled etc and transmits all the information to the insurance company.

By: alicewonderland42

alicewonderland42 — Tue, 15 Sep 2009 03:53:00 +0000

This sounds like a great idea for people who don’t use their cars so often. I work for a New York green contractor who provide free bus/subway passes that I use to get around the city each day. I only use the car for family vacations, so having more realistic car insurance that accounts for only the small amount of time during the year I actually use the car would be fantastic.

By: Lucky

Lucky — Wed, 01 Oct 2008 18:46:03 +0000

What it really means is that low mileage drivers with safe driving habits will be entised to switch to Progressive. The remaining policyholders will represent a higher risk pool and their rates will have to increase to reflect the increased risk in the pool.

In other words, if this program succeeds it affects all of us in one way or another.

By: J.Knecht

J.Knecht — Thu, 22 May 2008 19:54:30 +0000

Inside sources tell me that the device which is attached the car’s computer (generally in newer, post 1999 production cars, and not compatible with hybrids) will also monitor things like sudden braking, so aggressive drivers will pay extra. Trip info will be accessible by the user on the web, and privacy concerns should be allayed somewhat by the fact that while distance driven will be recorded, location will not be. It is scheduled for rollout in Illinois in the fall.