Does Pay-Per-Mile Auto Insurance Exist?

Shouldn’t some auto insurance be pay-per-mile or for when the vehicle is used rather than monthly? If there are people that would buy an electric car or jeep if they could afford it some people might not want to pay for insurance every month on a vehicle used just a few times a month or year? Some people would not be willing to shell out $100 a month for auto insurance when they just might only use the vehicle a day or two for transport of supplies, and ride a bike to work, or boat, the rest of the time.

Retired people might be a prime group to benefit from pay per mile auto insurance that might be more like a credit card’s structure- even some with no annual fees. I wonder if pay per mile auto insurance presently exists?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.