The Money Mustache Community

General Discussion => Share Your Badassity => Topic started by: greenbull on December 09, 2016, 11:45:37 PM

Title: Pay Per Mile Car Insurance
Post by: greenbull on December 09, 2016, 11:45:37 PM
To all those badasses out there who are riding your bikes everywhere.  When I became a badass it took me awhile to realize to switch to per-mile insurance.  When I did switch I was driving so little I saved over $100 per month!  Sadly I couldn't keep the insurance when I moved, but maybe some of you can get it.

For me there has always been some step to take and be more frugal, usually in an easy way like the above.
Title: Re: Pay Per Mile Car Insurance
Post by: ChpBstrd on December 15, 2016, 01:11:04 PM
What companies offer that?
Title: Re: Pay Per Mile Car Insurance
Post by: JLee on December 15, 2016, 01:20:20 PM
I've priced it before and they want a base rate of ~$50/mo before any mileage....wasn't worth switching. Great that it worked for you, though!
Title: Re: Pay Per Mile Car Insurance
Post by: Syonyk on December 17, 2016, 06:45:07 PM
In exchange, they know where you drive, when you drive, and often how you drive.

You usually need an OBD-II vehicle, which would be '95 and newer, give or take.

I'm willing to pay a bit for not having the insurance company back seat driving.
Title: Re: Pay Per Mile Car Insurance
Post by: chucklesmcgee on December 29, 2016, 10:54:03 PM
Quote from: greenbull on December 09, 2016, 11:45:37 PM
When I did switch I was driving so little I saved over $100 per month!

Wait but I only pay ~$35 a month for a $1,000,000 body injury/ $100,000 property damage liability plan. You also paid for collision coverage?
Title: Re: Pay Per Mile Car Insurance
Post by: dogboyslim on January 03, 2017, 03:33:02 PM
Quote from: Syonyk on December 17, 2016, 06:45:07 PM
In exchange, they know where you drive, when you drive, and often how you drive.

You usually need an OBD-II vehicle, which would be '95 and newer, give or take.

I'm willing to pay a bit for not having the insurance company back seat driving.

Just curious.  Do you have a smart phone?  Because they are pulling more info than that OBD-II is pulling, and they are selling that data to anyone that will pay.  Lots of companies are now offering mobile options on these types of plans too.
Title: Re: Pay Per Mile Car Insurance
Post by: Syonyk on January 03, 2017, 06:03:23 PM
Quote from: dogboyslim on January 03, 2017, 03:33:02 PM
Just curious.  Do you have a smart phone?  Because they are pulling more info than that OBD-II is pulling, and they are selling that data to anyone that will pay.  Lots of companies are now offering mobile options on these types of plans too.

My phone isn't tracking the number of hard braking events I make, what percentage of throttle I use, etc.

And I don't have to carry my phone with me if I don't want to.