Shopping for car insurance is not easy. There are so many alternatives, how to pick the right one? We have gathered the most useful and up to date information for buying and choosing the right car insurance. We hope this site proves useful for you in your quest! Don't forget to bookmark us and come back often!
New Concepts In Car Insurance - Pay As You Drive
by David Demetre
You can pay as you talk with a cell phone plan, so why not pay as you drive auto insurance? It sounds like a good idea; but would pay as you drive auto insurance work for you?
The idea behind pay as you drive auto insurance is simple. Basically its this- if you do not drive very much, you will not pay high insurance premiums. Advocates for this type of insurance policy think that there are many merits to this type of program. Less air pollution, lower gas consumption, and lower costs to the consumer among them.
What if you car pool to work, or take public transit? You are not using your car very much so why are you paying high premiums. With a pay as you drive auto insurance premiums you would be
Cars at up to 90%
off the book value!
able to quite literally pay as you go. Another situation where this plan would be of benefit is that of many retirees who have winter homes in temperate climates, the 'snowbirds' living in Florida or Arizona six months of the year and six months in New York or Toronto for example.
Essentially the insurance companies would set an average driving amount for each car type. It could then be broken down into a cents per mile basis. If you wanted to us the pay as you drive auto insurance system you could purchase a set number of miles and you would be covered for insurance during this period.
Pay as you drive auto insurance is an excellent idea for those individuals who do not use their car very much or
Get a free
brand new car!
try to find cost saving methods or environment saving alternatives. Currently this type of program is not yet available, but there are supporters in many states who are hoping to change that soon.
Groups including Environmental Defense, the Conservation Law Foundation and even the U.S. Environmental Protection Agency are working to organize a national cooperative that would work with insurance companies to offer deep discounts for low-mileage drivers; halfway a step toward PAYD (Pay As You Drive) insurance.
General Motors and On-Star Offers PAYD Rates. In mid-2004 General Motors Acceptance Corporation (GMAC) Insurance began offering mileage-based discounts to OnStar subscribers located in some
states. The OnStar system reports a vehicle's odometer readings at the beginning and end of the policy term to verify mileage. Motorist who drive less than specified annual mileage can receive insurance premium discounts of up to 40%.
PAYD programs are also currently available in Israel, South Africa and Holland. PAYD is gaining momentum, and will be coming to your area soon.
About the Author: D. Demetre is a contributing author at http://www.Online-Car-Insurance.us
Source: www.isnare.comRelated Articles
Tips To Avoid Car Insurance Premium Increases & Becoming Assigned Risk -
Below are some tips to reduce your auto insurance bill, prevent substantial premium increases and avoid becoming assigned risk.
Claim Reports: You...
Car and Home Insurance for Northern Ireland -
Insurance costs add up, but they don't have to.
Add up what you pay in insurance premiums each year: medical, auto, homeowner’s, life, and so...
Financial Planning and Long Term Care Insurance -
Risk. Every American must plan for the consequences of risk
becoming reality. Some risks decrease as we age, while others
increase. And we insure...
Online Car Insurance Businesses: Buying Through The Internet -
Nowadays, insurance have become a necessity in life. Why?
Imagine your house being blown to pieces by a hurricane. Grasp in your mind that you...
Instant Car Insurance Quotes Can Be Free - Here Are Some Things To Know First -
The annual cost of your auto insurance policy is influenced by
many factors. A policy with a very low premium may not carry all
the coverage you...
Need more information? Try a search:
Latest news on Car Insurance