Revolutionize Your Savings with Smart Pay-Per-Mile Choices
How Pay-Per-Mile Works
The mechanics of pay-per-mile insurance are straightforward. After selecting a base rate, typically determined by factors such as your driving history, age, and location, you are charged a small amount for each mile driven. This per-mile rate is tracked using a device installed in your vehicle or through a mobile app, ensuring accurate mileage reporting. For example, if your base rate is $30 per month and your per-mile rate is $0.05, driving 500 miles in a month would result in a total monthly premium of $55.