Pay As You Drive Car Insurance Saved Me $500
08-Apr-2009
If you are looking for a way to cut the high cost of car insurance, check out your local “pay as you drive” insurer. Since we live in Australia, I found http://www.payasyoudrive.com.au and just saved about $500.
Depending on your driving profile, your savings might be less. Or more? – though I think that’s unlikely. We’re in the the “low mileage, older aged, clean record” bracket so this attracted a delightfully low rate for comprehensive car insurance.
And before this, I thought we were doing well. I’d been using an insurance broker who was already getting us a better deal than the major insurance companies were offering.
But it gets better. Next year, if there are unused kilometers on our account, they roll over – so all we’d finish up buying is the “top up” kilometers we need. Cheaper still.
At first, I was uncertain if this pay-as-you-drive thing was a sound proposition but a bit of online research showed it’s been going for some years overseas and that reports are generally good.
Just for the record, this is not a recommendation or an affiliate link. Just me sharing the fact that we saved about $500 on our car insurance – and how we did it.
Gary
I looke up the website and just an FYI, this is know as Milemeter in America. I never knew about this, WOW. It won’t help me out, but people in my family that are older will benefit a great deal. Thanks!
Congratulation for your posting.
Thanks you very much for providing.
Keep it up.
Thi sounds like it could be a great option for me at times. Around town, I do very little driving if any at all. About the only driving I do is on our roadtrips, but those often cover great distances. I wonder if this plan would benefit me. Ought to be worth looking into.
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Car Insurance, Indemnity Insurance, insurance insurance insurance. Everyone wants some money for insurance
I am sick of paying extortionate premiums for my car insurance. been driving for 15 years, never claimed anything and it still costs me lots of money to insure everything.
This pay as you drive system seems quite good (we don’t have that over here) but it would never work for us because of the mileage we do.
This is a great idea. Im hoping that soon this kind of insure will be available in the UK.:-)
Nice articles about car insurance. There are a lot to save on Auto insurances with a little research. I’m going to bookmark this!
This is something that I had not come across yet. I will really look into this if it will save me a ton off of my auto insurance rates.
Taking off in popularity, pod insurance plans for auto owners are, as their name suggests, based on the number of miles you drive your car. The more miles you drive, the higher the premium. The fewer miles you drive, the more you save. In our present economic times, the idea of paying less for this unavoidable expense is quite appealing. However, the pod presents a few disadvantages.
First off you have to allow your use of your car to be monitored. Monitoring your mileage is not free, and you pay those costs, not the insurance company. Especially if you have a GPS device installed, the costs of monitoring can be greater than the savings in your premiums. Moreover, if you change companies, you will have to change monitoring devices, too. That means you should think twice before you change companies just to get what appears to be a lower rate.
Sounds like a great option if you don’t mind a little invasion of privacy.
Well it looks like they have pretty good deals but judging from the phone numbers they won’t be able to help me as I am located in the United States
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Actually the only “privacy invasion” I can think of is that once a year they ask you to tell them your car’s current mileage. That’s it. Not too much of a privacy invasion if you ask me. Could you lie to them? Yes, you could. But it would backfire if you had a smash and then had to put in a claim. If the smash repair company’s report contradicted the figures you’d told the insurer, my guess is you’d be out of luck on that claim.
I still like the savings I’m making on my pay as you drive insurance.
Thanks for contributing to the discussion.
Gary