5 of the Best Companies that Do Pay Per Mile Insurance Well
Doing your research on car insurance aren’t you? There’s a high chance if your starting to do research on car insurance it’s more than likely because you want to have cheaper insurance premiums. You found out your insurance rates Herbert higher than what you want and you notice a lot of people are taking advantage of cheaper rates and new types of insurance policies. Amidst all of your research, I’m sure you came across pay per mile insurance. So what is it really? And who are the best companies you should keep in mind when getting into this type of insurance?
Before we actually get into the best companies in the space we want you to make sure you understand what pay per mile insurance is and how it actually works.
How Does It Work?
The traditional way auto insurance works are that companies take a variety of factors that come together to make your insurance premium two per month.
When it comes to paying per mile Insurance, it works a little bit differently than you anticipate. It uses the same factors to determine your insurance premium like a traditional auto insurance coverage wood. But when it comes to paying per-mile insurance, the base is a little bit lower for you to start off at.
So essentially you have a device that goes into your car much like Telematics insurance. Outside of what you’re base coverages, your charge per mile that you drive. So this is great for people who don’t drive long distances or barely drive it all. You can keep your monthly low and still take advantage of car insurance.
When do you Need It?
It’s up to you to determine whether or not you actually need pay per mile insurance. But here’s a stepping stone for you to keep in mind gauge whether or not you need it.
An average American drives about 12,000 miles a year, if you drive less than this it’s a great starting point to consider. But here are a few more:
- You work from home mostly
- You have a second car you don’t drive
- Commute via public transit
If you’re looking for pay per mile insurance care of some of the five best companies we think to do it better than everyone else.
- Best Overall: Root
- Specialization in Policies: Metro mile
- Best Mobile App: Allstate
- Best for Families: Smart miles
- Quote Comparisons: Esurance