Many Americans continue to be in an economic recession and plan to drive less to save gas. But they are unaware that this can also save them money on other things than gas.
A survey of over 5,000 drivers revealed that 30 percent plan to drive less within the next year, according to a national poll. But, 93 per cent had never heard about pay-as you-go auto insurance. 35 percent said they would be willing to enroll in pay-as–you-go auto insurance if the opportunity presented itself.
What is pay-as you-go auto insurance? It’s an affordable auto insurance option that rewards drivers who drive less.
GMAC Insurance’s Low mileage Discount, which is available in 35 US states, provides personalized insurance discounts, without compromising coverage. OnStar subscribers can get up to 54 percent off their auto insurance premiums. This is based on the distance they have driven. To be eligible for the Low Mileage Discount, customers who drive less than 15,000 km annually can use mileage-based insurance discount levels.
Driving less has many benefits. People who drive less than 15,000 miles per year can save money on transportation costs like gasoline and maintenance.
To save money and reduce their environmental footprint, drivers want to spend less time behind a wheel. Pay-as you-go insurance plans are an incentive to do this. The Brookings Institution estimates that if every American driver had pay-as you-go insurance, almost two-thirds of American households would be able to receive an average annual discount of $270 per vehicle.
According to the Federal Highway Administration, Americans have travelled 112 billion more miles in the last few months. Many Americans can save money with auto insurance that you pay as you go.
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