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Pay per mile insurance

Listed author(s):
  • Dr. Fayyaz Zahid


Registered author(s):

    High insurance cost is one of the serious financial problems that today’s drivers are facing. It appears to be that in the current time based insurance system the insurance companies are charging premiums for the risk of driving while the vehicles are parked. Independent surveys and interviews of the insurance customers were conducted. The literature and available reports on the topic were utilized also. Distance-Based auto insurance rating could be an answer to the problem discussed because it measures the distance of the risk being insured.

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    Paper provided by EconWPA in its series Risk and Insurance with number 0507001.

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    Length: 40 pages
    Date of creation: 09 Jul 2005
    Handle: RePEc:wpa:wuwpri:0507001
    Note: Type of Document - doc; pages: 40. Auto insurance needs reform
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