Car insurance by the mile (or kilometer) is something that would benefit drivers who use their cars irregularly. It's an idea promoted locally by Todd Litman of the Victoria Transport Policy Institute (http://www.vtpi.org/). An incentive to use cars in moderation, mileage based insurance may be coming to Washington State in the U.S. A bill introduced in the state legislature aims to remove barriers to introducing a plan.
Distance based insurance could encourage people to think before they drive - asking themselves if they really need a vehicle for any particular trip. I drive my wife's car on occasion, but for most trips I bike. It's habit, and a good one at that. Helping people to make more sustainable decisions is good public policy, and the plan should be embraced by ICBC (the Insurance Corporation of British Columbia), which supplies our public, mandatory auto insurance in B.C.
Read more at: http://daily.sightline.org/daily_score/archive/2011/02/09/selling-insurance-by-the-mile?utm_source=Sightline&utm_medium=email&utm_campaign=WeeklyScore
Distance based insurance could encourage people to think before they drive - asking themselves if they really need a vehicle for any particular trip. I drive my wife's car on occasion, but for most trips I bike. It's habit, and a good one at that. Helping people to make more sustainable decisions is good public policy, and the plan should be embraced by ICBC (the Insurance Corporation of British Columbia), which supplies our public, mandatory auto insurance in B.C.
Read more at: http://daily.sightline.org/daily_score/archive/2011/02/09/selling-insurance-by-the-mile?utm_source=Sightline&utm_medium=email&utm_campaign=WeeklyScore
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