Pay-as-you-go auto insurance represents a significant shift in the traditional insurance model. Instead of paying a fixed premium based on broad risk assessments, this innovative approach charges drivers based on their actual mileage and driving behavior. This dynamic pricing model offers the potential for substantial savings for low-mileage drivers, while still providing the necessary coverage. This guide delves into the intricacies of pay-as-you-go insurance, examining its benefits, drawbacks, and suitability for various drivers. We will explore how these policies function, the technology used to track driving habits, and the factors that influence premium calculations. A comparison with traditional insurance Read More …