Does Allstate offer pay per mile insurance?

No, Allstate does not offer a specific low mileage discount. Allstate premiums do take mileage into account, however, as rates are an average of 23% lower for customers who drive 7,500 miles annually than for customers who drive 15,000 miles annually, according to WalletHub data. Low mileage drivers usually save on their Allstate premium because less time on the road means a smaller chance of filing a claim.… read full answer

It’s also worth noting that Allstate has a pay-per-mile insurance program called Milewise, which can help low mileage drivers save money. Milewise charges drivers every six months, plus a small fee for each mile driven. Each policyholder’s base rate will be determined based on risk factors like their age, location, driving record, and vehicle.

To learn more, check out WalletHub’s guide to Allstate discounts.

No, Geico does not offer pay-per-mile insurance. Geico does have a low-mileage discount for people who drive fewer than 7,500 miles per year and a usage-based insurance program called DriveEasy that can make car insurance more affordable. Registering for Geico’s usage-based insurance program could save drivers up to 20%.

Alternatives to Geico Pay-per-Mile Insurance… read full answer

The Geico DriveEasy app monitors driving habits like speeding, hard braking, total mileage, and more using your phone’s sensors and GPS location. Geico uses this data to calculate a driving score and adjust your premium discount.

Usually, car insurance rates are determined by a driver’s history on the road as well as factors like age, credit score, and zip code that help insurers predict future driving behaviors and levels of risk. Usage-based programs like the DriveEasy app, on the other hand, show insurance companies your actual level of risk, so drivers only pay for the insurance they need.

Pay-per-mile insurance is a bit different, since it involves paying a base rate plus a per-mile fee. It’s currently offered by one provider, Metromile, in just eight states. Geico may be able to provide more robust coverage just as affordably, though, because they offer such a wide variety of discounts. But if you need cheaper, low-mileage coverage, you should make sure to compare rates from at least three insurers to confirm you get the best price for your unique needs.

Yes, State Farm offers a type of pay-per-mile insurance called Drive Safe & Save. This is technically usage-based insurance, which is similar to pay-per-mile coverage because it factors mileage into premium calculations, but it also considers driving habits such as distracted driving.

Drive Safe & Save Considers:

• Miles driven
• Acceleration
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• Braking
• Turns
• Speed
• Distracted driving
• Time of day driven

It’s important to note that these factors collectively affect a customer’s insurance premium, so Drive Safe & Save is not strictly pay-per-mile. However, it’s still a good option for safe, low-mileage drivers who don’t mind being tracked for insurance purposes. For more information, check out WalletHub’s guide to usage-based insurance.