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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.
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
The miles driven are thus unlinked from other personal data to insure anonymity. The Puget Sound Regional Council encountered similar privacy concerns as a result of its 2002 road tolling demand response study, which monitored participants' mileage on certain types of roadways in a similar manner as the above VMT pilot programs. [37]
Insurance carriers commonly consider anything over 18,000 per year high mileage use, which can drastically increase the rate of your car insurance. The national average car insurance rate is ...
The rate you pay for your car insurance is determined by a complex combination of multiple factors that insurance companies consider when they assess your risk as a driver. New Car Market: Ford ...
Car insurance companies determine rates differently, so just because one company places a heavy weight on your credit history does not mean that another company will do the same.
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