If you are an occasional driver, paying higher premiums for car insurance may seem unfair. This is where Pay-As-You-Drive ...

If you drive your four-wheeler rarely and clock up low mileage every year, a Pay as You Drive car insurance may be a more ...

In recent years, the auto insurance industry has seen significant innovations, one of the most noteworthy being Pay-As-You-Drive (PAYD) insurance. Unlike traditional auto insurance, where premiums ...

Alexi Morgan is a writer who has spent her career curating data-driven content to help consumers make better financial decisions. Specializing in topics from car insurance to banking, she has led ...

The savings are realized because pay-as-you-drive plans "can better fit a driver to their risk profile," says Ash Hassib, senior vice president and general manager of auto insurance at LexisNexis ...

Pay-per-mile car insurance, sometimes known as pay-per-use, is a type of usage-based insurance that lets you pay for coverage based on how much you drive. Because of this, it can be a good option ...

Welcome to the world of pay-as-you-drive insurance where your insurance depends on how much you drive the car. While this concept has existed in more developed economies for some years now and is ...

Pay-per-mile insurance is a type of car insurance policy that calculates your premiums based on the miles you drive. If you're a low-mileage driver (e.g., those who work from home, retirees ...

Well, Jeremy Faludi of WorldChanging discuss the concept called Pay-Per-Mile or Pay-As-You-Drive (PAYD). Simply, your insurance rate varies on how much you drive.

Low-mileage drivers (6,000 miles per year) pay an average of $1,973 annually for car insurance. The annual average increases to $2,068 if you drive 12,000 miles per year. Our analysis found that ...