Pay-As-You-Drive Insurance Goes Into High Gear

The idea of basing car insurance rates on actual miles driven has been gaining ground for several years and has really gone into high gear recently.

For example, GMAC Insurance offers discounts to OnStar users who limit their mileage and agree to let the GMAC confirm it via the OnStar system's diagnostics reports. Progressive Insurance now markets its Snapshot plan in 27 states, offering the possibility of up to 30 percent savings. The company says more than 100,000 consumers have signed up for Snapshot to date.

After years of discussion about privacy and ... Back to article