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Thursday, November 5, 2009

Would You Buy Car Insurance By The Mile?

The way, and amount, you drive is changing. With the emphasis on greenhouse gases, pollution, and congestion lately, there is going to be a strong push in the very near future to get people to drive less. Along with that change may be a change to the way you buy car insurance as well. Economists are predicting that you will be buying insurance by the mile very soon, instead of as a blanket policy.Here's an article from MSN Money, and believe it or not, this isn't a new concept.

I kind of like this idea. Not only does it encourage people to drive less and ride the bus, ride their bike or walk more, but it also gives them a financial incentive to do so. What do you think?

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