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  2. Metromile - Wikipedia

    en.wikipedia.org/wiki/Metromile

    Pay-per-mile insurance is a type of usage-based insurance where the user pays a base rate along with a fixed rate per mile. The billing model is intended for low-mileage drivers and does not take driving style or behaviour into account (for determining rates or discounts). [2]

  3. Telematics car insurance: Is the discount worth sharing your ...

    www.aol.com/finance/car-insurance-telematics...

    The median telematics insurance savings for drivers ages 60 to 69 are $115 annually, while those 70 and older save around $93 per year, according to a Consumer Reports survey of more than 40,000 ...

  4. Pay-per-mile auto insurer Metromile is heading to public ...

    www.aol.com/news/pay-per-mile-auto-insurer...

    Metromile, the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. The ...

  5. Vehicle insurance - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance

    Cents Per Mile Now [55] (1986) advocates classified odometer-mile rates, a type of usage-based insurance. After the company's risk factors have been applied, and the customer has accepted the per-mile rate offered, then customers buy prepaid miles of insurance protection as needed, like buying gallons of gasoline (litres of petrol).

  6. Usage-based insurance - Wikipedia

    en.wikipedia.org/wiki/Usage-based_insurance

    Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.

  7. These states are increasing minimum coverage requirements in 2025

    www.aol.com/finance/states-increasing-minimum...

    New minimum car insurance liability limits: 50/100/25. Change effective Jan. 1, 2025. The 2025 minimum coverage increase is phase two of Virginia’s car insurance overhaul. Up until June 2024 ...

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