What is Pay as You Drive Insurance?
Pay As You Drive insurance rates are based on the number of miles you drive. Simply put, the less you drive, the less you pay for auto insurance. Pay As You Drive ties the vehicle owner?s insurance premiums to how much the driver uses the vehicle. The premiums can be specifically tailored to meet a driver?s needs.
There are several ways of computing Pay As You Drive premiums. You can pay a flat rate for a range of miles, pay on the basis of the number of miles you actually drive during a preset time frame, or pay by the number of hours you drive in a given time period. Pay As You Drive premiums may also be based simply on the miles you drive without a fixed time period.
Since driving distance or driving time sets your insurance rates, your driving has to be monitored. You can get periodic certified odometer readings, or your automobile may be fitted with GPS monitors that upload the vehicle’s computer data.
Mileage monitoring causes concern in some potential Pay As You Drive customers. Not without reason, some customers worry that the devices used to track distance or time used could also be used to track where the insured motorist drives, violating privacy. However, Pay As You Drive only uses the numbers of miles or hours driven and nothing else. Privacy is simply not an issue with this new form of insurance.
You can benefit several different ways by switching to Pay As You Drive coverage. Your insurance premiums will be based just on your miles driven, not on your age, gender, or where you live. Pay As You Drive gives you a real incentive to drive less. And when you drive fewer miles, not only do you pay less for your insurance, you save on gas and maintenance and the wear and tear on your car. Pay As You Drive plans are good for the environment, because fewer miles driven means less greenhouse gas emissions, and less congestion on the road.
In addition, low mileage drivers will no longer subsidize high mileage drivers under the Pay As You Drive insurance system. Under a traditional insurance system, drivers pay the same amount for insurance premiums if they drive a few hundred miles a year or if they drive several thousand. Pay As You Drive is a more fair and equitable way of determining insurance premiums. You really do pay for what you use under this system.
According to a report from the Brookings Institution, two-thirds of U.S. households would save an average of $270 a year on auto insurance under a Pay As You Drive insurance system.
If you are interested in learning more about Pay As You Drive insurance, or to see if it is available in your area, contact a qualified insurance provider. He or she can help you tailor a Pay As You Drive insurance program to fit your specific needs.
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
You are so right – Who is to blame? The person who shot and killed or wounded 3 people is correct, but looking at a larger picture, we have no idea what type of gene can be responsible for a humam being to snap to the point of taking a life away. We have no money to do a complete research, and what we know today is the simple pattern that a human being who is able to do cruelty with animals is capable of switching to people. The rest we just guess that they have the evil on them or they are evil by nature. We the people of the world have no idea how complex life can be, and I (my opinion), see that money is responsible for many cruelty as well. See for example today that 90 % of the population is in debt one way or another, and mostly to the banking and credit card industry, who acted upon everyone's life like a hit man, offering a loan with low rates and changing the rates to a point where you will never be able to re-pay it completely. In other words, we are all slaves of the banking industry who can do whatever they want and be bailled out by all taxpayers. The absense of money into a family destroy relationships, cause greedness and kill the love that once existed. Incompatibility appears when money vanishes, and those who are entangled lose their connection with life. I blame the banking industry. I blame the insurance companies who rack their rates as they want and force everyone to have insurance in their cars. I blame the system we as people see it growing but do nothing about it. With more money in our hands we could seek treatment for those who can easily go off the handle, we can detect evil and treat it before it harms. Money is the matter and we do not have enough today because we get 2% interest on our savings while the bank collects 30% interest to lend money and is free to charge financial charges that can be as high as 65% per year. Imagine a world where we can save our money and lend to the bank the same way as they lend to people, and have a set rate of 10% when you lend to the bank and 14% when you borrow from the bank. This way more money would stay with the people, and we could spend more, create more jobs and spin the economy. But no! We are in a system where the money masters can and will take every penny we own. This is the reason people over-react. This is the reason people are unhappy. No food, no hope, no love, no friends, and we see the end result. I do not blame the person who committed the crime alone, but I know that if we could pay our taxes and have some money to raise our kids, we would be happier, and when people are happy they can ponder and stop some criminal acts. This is what I think. Thanks
Milton
OFF TOPIC:Greetings from Canada,My name is Monty Loree and I am the webmaster from Canadian-Money-Advisor.caI am contacting Canadian bloggers who have in the past written a post on money. (I found your blog in google under “Canadian Money”)I would like to invite you to the2nd Canadian Tour of Personal FinanceThe purpose of this Tour event is to hilite Canadian personal finance blogging talent.The first tour was on April 16, 2007 and was a good success!If you're interested please visit you're not interested in participating, could youlet other Canadians know about the event by linking to our site from your blog?Thanks, Monty Loree -
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