It may seem a bit different, but by paying insurance by the mile, you can save a substantial amount of money on your car insurance. Moreover, it may help you change your driving habits. Based on a study out of the University of California, Berkeley, adopting a pay-per-mile car insurance nationwide would reduce our driving miles by 8% – save money and help the environment.
Chris Gay is the founder of Dallas-based MileMeter and it is the first company to offer pay-by-the-mile policies. The company has been available in Texas since October 2008 and is planning to rollout nationwide within a year.