Optional odometer - based PAYD would
probably attract 20 - 40 % of total policies, representing a significant portion of motorists who expect to drive less than 80 % of average annual
mileage in their rate class, representing 10 - 20 % of total
mileage, and GPS - based pricing would
probably attract 2 - 4 % of motorists, representing 1 - 2 % of total
mileage, due to its significantly
higher financial costs and privacy concerns.
Arnold thinks consumers — and he includes REALTORS ® in the mix — would
probably support reasonable requirements for
higher gas
mileage, even if it raised the price of cars a bit.