Pay as you drive auto insuranse
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Progressive Corp. is going to offer new type of car insurance. Pay as you drive is a chance to cut costs, because costs will be based on how motorists drive.
Anyone interested in this way of car insurance must allow for monitoring device that tells the insurer how many miles has been driven, how often brakes has been hit and how fast driver accelerate.
Customers can see this data on Web site. That allows a driver to get view of driving habits and see how those habits are affecting their insurance rate.
Other companies like GMAC and OnStar started a programs that allows car owners to gain discount based on the distance they drive.
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