Sentences with phrase «insurance cost per mile»

The more miles one drives, the lower one's average insurance cost per mile.

Not exact matches

Pay - per - mile insurance costs less because it's based on how many miles you drive.

The graphic below shows the average, marginal, and total cost of a Metromile insurance policy with a base rate of $ 1 per day, plus $ 0.045 / mile, depending on how many miles someone drives per day.

Report Reduced Mileage A major cost component in auto insurance is miles driven per year.

With a pricey, fuel - efficient car with more coverage, the per - mile insurance rate could approach one's gas cost.

It would not improve actuarial accuracy (i.e., how well premiums reflect insurance costs for a particular vehicle) to use mileage instead of other rating factors, for example, to charge all motorists the same per - mile insurance fee, but accuracy improves significantly if annual mileage is incorporated in addition to existing rating factors (Ferreira and Minikel 2010).

Pay - As - You - Drive insurance averages about 6 cents per mile, which represents 40 - 60 % of the average vehicle fuel costs.

The new option to buy miles of protection as needed (added to the odometer reading at a cents - per - mile rate) will enable a car owner for the first time to individually control insurance cost by the amount the car is used.

To give you a sense of how much more it will cost you for insurance after a DUI, we ran some numbers using a hypothetical scenario with a 35 - year - old male living in Massachusetts and driving a 2013 Ford SUV about 15,000 - 25,000 miles per year.

A major cost component in auto insurance is miles driven per year.

However, although your driving can have a direct impact in the cost of your car insurance, it still makes sense to shop around and compare black box insurance quotes — prices will vary from insurer to insurer as each will have different per - mile and peak - time driving charges.