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.
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