Is Per Mile Insurance Right For You?


Owning a car gives people the freedom to get to where they want to be in their own time. But owning a car means having to pay a lot of other expenses like registration fees, auto insurance, and routine maintenance. The hidden costs of owning a car have pushed many people to rely on public transportation or ride-sharing. Yet having the freedom of owning a car is still very practical even if you don’t drive many miles.

Some people own cars that they use moderately, usually only taking it to work or when running errands. Despite the few miles they drive, they would be paying the same rate of auto insurance as a person with a similar driving history that drives double the miles. People who put so few miles on their vehicle are a lower risk due to infrequent driving. They should not pay the same rate as people drive frequently.

Per mile insurance options

Luckily, Mile Auto offers per mile insurance. Per mile insurance is specifically made for people who drive less than 10,000 miles per year. Instead of sticking a GPS device on the vehicle, Mile auto asks the policyholder once a month for a picture of the odometer. To calculate the monthly rate, add the number of miles driven to the base rate. This means there will unlikely be a standard fee per month and instead, the fee will change as the mileage does.

Figuring out the base rate and per mile works the same way as regular auto insurance. Factors in the calculation include a person’s driving history, vehicle type, location, age, and gender. Low miles, low risk, low monthly payment makes per mile insurance an attractive option.

So drivers who have clean records, ordinary cars, and put little mileage on their vehicle should strongly consider per mile insurance. Get a quote to help you figure out whether it is right for you or not.