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Pay per mile insurance


  • Dr. Fayyaz Zahid



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.

Suggested Citation

  • Dr. Fayyaz Zahid, 2005. "Pay per mile insurance," Risk and Insurance 0507001, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpri:0507001
    Note: Type of Document - doc; pages: 40. Auto insurance needs reform

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