Proponents of this idea say older drivers, women, lower income drivers, households with more cars than drivers and commuters will all benefit from the new auto insurance policy.
Mile-Based Auto Insurance – Oregon
In 2003, Oregon’s Governor signed a bill into law (see HB 2043 or the PDF version) that gives insurers a tax credit until 2006 of up to $300 per policy for enrolling consumers in mile-based insurance programs.… Read More
Mile-Based Auto Insurance – Texas
On January 23, 2002, the Texas Department of Insurance Commissioner approved rules to enable insurers to offer automobile insurance plans that allow consumers to purchase insurance coverage on a per-mile basis. Texas is the first state to approve such a plan for private passenger automobiles. The Commissioner’s order implements legislation approved during the 2001 session (H.B. 45) of the Texas Legislature.… Read More