Posted on 08/28/2008 1:57:02 PM PDT by calcowgirl
California drivers could be offered a new -- and often cheaper -- kind of car insurance next year under a voluntary pay-as-you-drive plan proposed Wednesday by Insurance Commissioner Steve Poizner.
His plan would base annual rates partly on the exact number of miles driven and would allow people to pay less if they drive less. Poizner issued proposed regulations spelling out the plan, and the state's insurers Wednesday were enthusiastic about the idea but wanted to see more details.
Two out of three households in the state could save an average of $276 per vehicle, and lower-income people, who generally use their cars less than the middle class or the wealthy, might save even more, said a July study by the Brookings Institution in Washington. However, some high-mileage drivers might see their rates increase by opting for pay as you drive, the Brookings report said.
Environmentalists are big supporters of the idea and predict the scheme would cut emissions of greenhouse gases that contribute to global warming.
"I am thrilled to pave the way for California drivers to obtain insurance that is more environmentally friendly and more accurately reflects driving habits," Poizner said. ... "As a strong advocate of healthy market competition and a healthy environment, I am especially pleased to encourage this kind of innovation and additional options for consumers."
Under Poizner's proposal, drivers could report their annual mileage in three ways: They could have their vehicle odometer checked by an insurance company representative; they could submit maintenance records; or they could have an electronic device installed in their cars that would transmit information to insurers.
The electronic monitoring would track only total miles driven and not how or where someone drives as occurs in other states and countries that have pay-as-you-drive insurance, Poizner said.
(Excerpt) Read more at latimes.com ...
Its just another form of social engineering, of which our government is a proud proponent.
Well, there is about 1 in a billion chance of that! LOL.
Last I heard about mileage driven from my State Farm Agent was when I "stated" my "estimate" when I bought the policy about 15 years ago. That's certainly not "exact" mileage, is it?
Watch out for the odometer police—I’m sure they have them in California, somewhere.
“I’m a Farmers Insurance Agent for Farmers in California”
You say that as if you are proud of it.
Thank you for all you do!!!
Back at ya, SW. ;-)
bump
Riddle me this. Why should liability on covering four identical cars be any higher than on one of those cars, when I can only drive one at a time?
Well, ok... Maybe they just changed the age to an older model in order to be "vintage," but I thought I read where they wiped out the exception for older vehicles altogether. I guess I'm mistaken...
Stop driving, stop patronizing markets on drives anymore and be prepared for government to come up with new ways to collect taxes as the economy takes a dump and gas taxes to the state and feds go down.
Even if you sign and turn in a "certificate of non-use?"
More blue voting liberal cityslickers stickin it to those of us living the American dream of a home in the red voting countryside with enough land for a buffer against obnoxious neighbors and even some criminals!!!
Well, see? I'm at least consistently pist at the whole stupid idea. The gas prices are already threatening the resale value of my country home and this would just be piling on and THEY KNOW IT!!!
Because if you total all four cars it will cost the insurance company a lot more than if you total only one.
I figured. Thanks for looking it up--I hadn't had time to peruse the whole website.
That table is meaningful only if accompanied by another table showing % of total miles driven, in the same ranges of miles from home.
I've asked that for years....
It falls on deaf ears.....
No, and I pray they do not have my email address.
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