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Auto insurance now offered 'by-the-mile' in Texas
AUSTIN, Texas – MileMeter, a licensed auto insurance carrier based in Dallas, joined with Texas National Organization for Women (NOW), the Environmental Defense Fund (EDF) and other environmental and urban interest groups to announce that Texas is now one of the first places in the world where drivers can buy auto insurance by-the-mile.
Designed for consumers who drive up to 12,000 miles per year, MileMeter says this insurance option can save 25-75 percent on most policies and can benefit urban professionals who live near their work, those who use mass transit, car pool or work-from-home, or households that have more than one vehicle that aren’t driven frequently.
“MileMeter is fair, affordable and sensible. With our pay-by-mile program, customers who drive the least, have the most to gain,” explains Chris Gay, founder of MileMeter. “Our goal is to make buying car insurance simple, accessible and rewarding.”
Texas National Organization for Women (NOW) spokesperson Hannah Riddering said, “Texas NOW is gratified that MileMeter is offering an insurance alternative based on odometer miles, not on stereotype averages.” Riddering explained that NOW’s report showing that car insurance based on group averages breaks down in low-income zip codes persuaded Texas legislators to pass H.B. 45 in 2001. The law made changes to the transportation code and encouraged by-the-mile insurance for Texas.
“Texas drivers now have a choice to do the right thing by their pocketbooks as well as by the environment,” says EDF Senior Scientist Ramon Alvarez, who noted that MileMeter’s insurance gives drivers the opportunity to save money while also protecting the environment.
“MileMeter’s insurance by-the-mile leads to social and environmental benefits such as fewer tailpipe emissions, less toxic road runoff and less demand for road and parking lot construction,” adds Gay. “Think of our insurance as another way to help reduce urban sprawl, improve our air quality and fight climate change.”
© SOURCE: ABRN
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