No, Travelers does not offer pay-per-mile insurance. The closest thing Travelers has to pay-per-mile insurance is IntelliDrive, a usage-based insurance program that calculates customers’ premiums based on driving habits, but it does not take mileage into account.
Pay-per-mile insurance is a type of car insurance that charges customers a flat rate plus a fee for each mile driven. It’s a good choice for customers who are retired, telecommuting, or driving infrequently. Notable pay-per-mile insurance programs include MileWise from Allstate, Noblr by USAA and SmartMiles from Nationwide.
Yes, Travelers insurance rates are competitive, as the company is one of the 10 cheapest auto insurers nationally, according to WalletHub analysis. Travelers car insurance customers pay an average of $639 per year for coverage. Travelers' car insurance rates are based on your driving record and experience, along with factors like the type of car you drive, your ZIP code, your insurance history, and more. Your coverage and deductible choices also impact your final quote,...
Pay-as-you-go car insurance calculates a policyholder’s premium based on how many miles they drive each month. The policyholder’s mileage is tracked through a mobile app or device plugged into the vehicle, and customers who drive fewer miles pay a lower rate. Companies that offer pay-as-you-go car insurance, which can also be referred to as pay-per-mile or usage-based coverage, usually charge a monthly base rate and then add a fee for each mile driven.
Pay-as-you-go car insurance might be worth it for people who do not drive frequently, including city-dwellers, retirees, those who work from home, seasonal workers, students and commuters. Under this type of policy, your monthly insurance rate will vary based on how much you drive. The less you drive, the more you save.
Pay-as-you-go insurance is one form of usage-based car insurance. Companies like Metromile offer traditional pay-as-you-go insurance that’s based on the distance you...
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