TAMPA,
Fla., July 31, 2024 /PRNewswire/ --
AutoInsurance.org recently published its list of the
best pay-as-you-go car insurance providers. Pay-as-you-go car
insurance is a recent option in the insurance world. Instead of
paying a set monthly premium, policyholders pay a rate based on how
many miles they drive.
People want to pay an insurance premium
that accurately reflects their risk. Nationwide delivers.
Nationwide Rates #1 Pay-As-You-Go Insurer
Nationwide ranked as the best pay-as-you-go provider for several
reasons.
First, they offer up to a 40% discount based on good driving
habits. Second, they're available nationwide. Many of the other top
contenders only sell policies in a few states. Third, drivers
aren't punished for road trips as mileage consideration is capped
at 250 miles a day.
Allstate Makes #2 Spot
Allstate takes the second spot for pay-as-you-go insurance. It's
the cheapest option for high-mileage drivers who wish to
participate in this type of program. They offer up to a 25%
discount for good driving habits, and, like Nationwide, they cap
the daily miles at 250, so driving 1,000 miles in one day during a
road trip won't result in a skyrocketing premium.
Allstate's program is only available in 21 states, so it's not
as widespread an option as Nationwide.
MileAuto Comes in #3
MileAuto isn't nearly as well-known as the other top companies.
Still, AutoInsurance.org awarded them a position near the top.
One of MileAuto's best features is its privacy allowance. It
does not require drivers to participate in monitoring through an
app or installed device, which is one of the leading reasons people
opt away from usage-based programs.
Its per-mile rate is one of the lowest, but it does not offer a
daily cap on miles, so drivers will pay for every mile they drive.
Since it only writes policies in 11 states, most United States residents will be ineligible for
coverage.
Popularity of Pay-As-You-Go Car Insurance
Melanie Musson, a nationally
recognized insurance expert with AutoInsurance.org, explains,
"People want to pay an insurance premium that accurately reflects
their risk. If they don't drive much, they don't want to pay as
much as someone who drives a thousand miles weekly."
Pay-as-you-go is an excellent fit for many drivers, not just
those who drive few annual miles.
Check out AutoInsurance.org's entire guide here: 8 Best
Pay-As-You-Go Auto Insurance Companies (2024).
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SOURCE AutoInsurance.org