Auto News 5

Auto insurance is a necessary evil. You certainly don't want to buy any more than you need. It stands to reason that drivers who spend more time out on the road face a greater chance of mishap than those who log fewer miles. Yet - all other factors being the same - a driver who clocks fewer than 5000 miles a year will pay essentially the same premium as one who drives 50,000 miles a year. A solution is coming from pay-as-you-drive insurance, which, in its simplest form, calculates premiums based on miles driven.