Can Pay-As-You-Drive Auto Insurance Be Worth It?

Can Pay-As-You-Drive Auto Insurance Be Worth It?

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Don’t drive much throughout the year? Your wallet may be in luck, in more ways than one. Pay-as-you-drive car insurance plans (also known as usage-based car insurance plans) can provide a money-saving solution for drivers who don’t drive often. Each month, your rate will vary based on how much you drive. The less you drive, the more you’ll save.

How Does the Plan Work?

These unique auto insurance options work a bit like pay-per-minute cellphone plans, where you’re only charged for what you use. In order to accurately determine how much you’re driving, you will receive a…