While costs may vary for each driver, customer reviews show that individuals have saved about $50 per month by switching to Metromile.
The company offers free insurance quotes so you can easily determine how much money you can save.
Next, you need to add information about your car, such as the type of anti-theft device, car ownership status, and the main use of the car.
When Do You Pay The Deductible For Car Insurance?
For example, let’s say you have a car, but parking is expensive in your city, so you drive.
Instead of paying monthly insurance for a car that you only use five or six times a month, you can look into a Metromile insurance policy.
For example, if your mileage is 9,000 miles and half of the miles are driven, you can easily deduct half of your car insurance.
Check your travel history and secure free Metromile quotes to determine if it’s worth switching.
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For example, let’s say you have one car for carpooling and commuting, and another for weekend trips.
If you need to make a claim, you can do so quickly using the Metromile mobile app or online.
Even if you’re a driver or don’t use your car often, Metromile can save you money on your car insurance.
The usage-based program only charges for miles driven, and the Metromile app is easy to use.
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And if you use a program like Fair to rent a car just for the ride, you won’t be able to use Metromiles for coverage.
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Per-mile car insurance policies are best for low-mileage drivers because after paying a small base rate, insurance benefits are based on Miles One Drives.
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Written by Daniel Robinson Written by: Daniel Robinson Author Daniel is a writer for the Guide Group and has written on auto finance and car care topics for a number of automotive news sites and marketing organizations in the US, UK and Australia. Daniel is the Guide Group authority on car insurance, loans, warranty options, car services and more.
Edited by: Rashawn Michner Edited by: Rashawn Michner Managing Editor Rashawn Michner is an executive team editor with over 10 years of experience covering personal finance and insurance topics.
Here at The Guide, we explain car insurance by the mile, including how it works and why you should consider getting it. We’ll also discuss two car insurance companies that offer pay-as-you-go coverage that you should contact for free quotes.
Cheapest Car Insurance 10 Largest Car Insurance Companies In America Best Car Insurance Companies Average Car Insurance Prices
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The guide team is committed to providing you with reliable information to help you make the best decision about your vehicle insurance. Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to rank the best car insurance companies. We collected data from dozens of auto insurance providers to rank companies based on a variety of ranking factors. After 800 hours of research, the final result was an overall ranking for each carrier, with the top-scoring insurers at the top of the list.
Used car insurance allows you to pay for your insurance based on how far you drive. For this reason, it can be a good choice for people who work from home or have short commutes to the office.
Drivers who don’t put a lot of miles on their cars avoid a lot of wear and tear on their vehicles and save on fuel. Pay-per-mile car insurance policies can be cheaper than your current policy and provide the same coverage as regular insurance.
Pay-per-mile car insurance tracks the distance you drive through a mobile app or plug-in device. Premiums are determined based on the total distance driven, with lower mileage drivers receiving lower car insurance premiums.
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There are two ways your car insurance provider can monitor your mileage: with a telematics device or a smartphone app. A physical telematics device (aka key) is installed or connected to your vehicle and the app can be downloaded directly to your smartphone.
Whichever option you choose, your insurer will collect specific information about your driving habits. Car insurance companies collect key metrics such as speed, braking and mileage to determine highly personalized premiums.
Although auto insurance premiums per mile depend on many factors, policies typically cost six or seven cents per mile. As the name suggests, per-mile premiums are usually based on the total number of miles you drive each policy period.
A pay-per-mile insurance program charges a base rate (monthly or daily) and a fee per mile. Ultimately, your specific current insurance premium depends on some standard car insurance factors, such as age, driving history, location, and marital status.
Driving Less? Save More With Pay As You Drive
Paid mileage insurance can be a good idea for those who don’t drive often. If you typically drive less than 10,000 miles a year, a mileage policy may be the best option at an affordable price. If you use your vehicle for daily commuting, this type of car insurance may not save you much money.
Drivers who tend to get higher rates due to factors like age and driving history can get a good deal on mileage. Mileage-based programs often pay less attention to these factors. Pay-per-mile insurer Metromile has a trial period that can give you an idea of what your pay-per-mile rate might be.
The table below lists several companies that offer per kilometer insurance. In each case, programs are not available in all states.
Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Factors That Determine Your Car Insurance Rates
Arizona, Delaware, Florida, Idaho, Illinois, Indiana, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia, Wisconsin
While pay-per-mile insurance can be a good option for low-mileage drivers, there are other mileage-based car insurance options that may be a better fit in certain situations.
Most mileage-based apps only track miles driven. Some service providers, such as Metromile, track information related to the health of your vehicle, such as fuel economy. On the other hand, safer telematics programs monitor a variety of factors, including distracted driving and hard braking.
Usage-based insurance is similar to payment-based insurance in that it monitors your driving behavior through your mobile phone.
