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, ByMile from Liberty Mutual, and SmartMiles from Nationwide.
Yes, Travelers insurance rates are competitive, as the company is one of the 10 cheapest insurers nationally, according to WalletHub data. Travelers car insurance costs an average of $639 per year, or $53 per month.
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, as do your eligibility for discounts.… read full answer
Sample Travelers Car Insurance Rates
Average Annual Cost of Minimum Coverage
$1,372 per year
$881 per year
$730 per year
$639 per year
$644 per year
Note: These rates are approximations based on sample quotes from Travelers. Actual rates will vary.
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 … read full answerusage-based coverage, usually charge a monthly base rate and then add a fee for each mile driven.
Other major insurers offer usage-based programs that give drivers a discounted rate based on various driving habits, including miles driven. If your annual mileage is lower than the average driver, you may also qualify for a low-mileage discount.
Who Should Consider Pay-as-You-Go Car Insurance
Pay-as-you-go car insurance is often a good investment for people who don’t drive frequently, like students and seasonal workers. To learn more, check out WalletHub’s guide to usage-based insurance.
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.… read full answer
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 drive. They normally charge a monthly base-rate plus a fee per mile driven. When you take longer trips, the insurance company will cap your miles, and you will not be charged for distances you drive above that cap.
Other usage-based programs, such as those offered by Root, Geico and Progressive, charge based on different types of driving data. These companies record driving behavior such as speeding and sudden breaking, and use it to calculate a score, which is then used to calculate your premium. Your age, the type of car you drive, and driving history are also used to calculate your rate in both types of usage-based programs.
The way insurance companies measure your driving behavior depends on the provider. Some companies will send you a small, wireless device that plugs into your car. More commonly, however, you will be asked to download an app on your phone.
Companies like Esurance suggest that a driver might be able to save up to $500 per year by selecting a pay-as-you-go or usage-based car insurance policy. So, if you are someone who doesn’t drive frequently and has a good driving record, it might be wise to consider switching to a pay-as-you-go insurance policy.
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