Results for tag: "Pay Per Mile"

Pay Per Mile (PPM) is a type of automotive insurance that charges customers based on the number of miles they drive. This type of insurance is designed to provide more affordable coverage for drivers who don't drive often, such as those who use public transportation or carpool. PPM insurance is typically offered as an alternative to traditional insurance plans, which charge customers a fixed rate regardless of how much they drive. PPM insurance works by tracking the number of miles a customer drives using a device installed in the car. This device records the number of miles driven and sends the data to the insurance company. The customer is then charged a rate based on the number of miles driven. This rate is typically lower than the rate charged by traditional insurance plans. PPM insurance has become increasingly popular in recent years as it provides an affordable option for drivers who don't drive often. It also allows customers to save money by only paying for the miles they drive. Some companies in the Pay Per Mile market include Metromile, Allstate, and Esurance. Show Less Read more