Today, car insurance is a fixed cost. Upon fulfilling certain parameters, the car owner has to pay fixed amount for obtaining car insurance. The cost has to be paid irrespective of usage of the car. This makes car insurance unaffordable for low-income class of car owners. To correct this imbalance, the pay per mile car insurance or pay as you drive car insurance is here. The cost of insurance is proportional to the usage of the car by the person opting for car insurance.
January 11, 2006
Move to make car insurance cost proportional to usage
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