MileMeter Buy the Mile Insurance
Do you think it’s possible to reduce air pollution from 10-12% just by switching your auto insurance? Well if enough of us do, experts believe it will happen. By paying to insure only the miles that you drive, motorist are more likely to reduce the amount they drive. This is where MileMeter comes in. This Dallas based auto insurer is the first of its kind in the world to develop and be approved to offer insurance by the mile. There are several competitors who have pay-as-you-drive (PAYD) or low milage discount policies, but no one does it quite like MileMeter.
MileMeter policy holders pay for the miles they drive up front in buckets from 1000 – 6000 miles every six months. Not only is this a very easy way to get insured, it also saves paper and cuts down on administrative waste. CEO Chris Gay says that most MileMeter policy holders pay a rate of less than $0.05 per mile. At that rate, a driver who puts 10,000 annual miles on his or her car would only pay $41.60 per month in auto insurance.
There are other reasons that MileMeter is eco-smart. Driving less cuts down on pipe emissions, lessens traffic on the roads and even saves lives. With fewer cars on the road, fewer fatal accidents happen. There are also arguments that PAYD insurance like this is more equitable between the sexes and does not discriminate against lower income drivers.
Governments across the nation are pushing to get PAYD insurance legislation through. Hopefully, by next year MileMeter will be available in more states than just Texas. In the meantime, y’all in the Lone Star State are the lone rangers of pay by the mile insurance.
So, make the switch…you’ll probably save some green by going green.
