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Pay per mile insurance

Dr. Fayyaz Zahid
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Dr. Fayyaz Zahid: MIA

Risk and Insurance from EconWPA

Abstract: High insurance cost is one of the serious financial problems that today’s drivers are facing. It appears to be that in the current time based insurance system the insurance companies are charging premiums for the risk of driving while the vehicles are parked. Independent surveys and interviews of the insurance customers were conducted. The literature and available reports on the topic were utilized also. Distance-Based auto insurance rating could be an answer to the problem discussed because it measures the distance of the risk being insured.

Keywords: Insurance (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ias
Date: 2005-07-09
Note: Type of Document - doc; pages: 40. Auto insurance needs reform
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