No, Geico does not offer pay-per-mile insurance. However, Geico does have a low-mileage discount and a usage-based insurance program that can make car insurance more affordable if you don’t drive much. If you drive fewer than 7,500 miles per year, for example, you could save between 1% and 9% on Geico insurance, depending on where you live. Registering for Geico’s usage-based insurance program, DriveEasy, could save drivers up to 20%.
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.
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