Affordable Auto Insurance

It is now stale news that the cost of auto insurance is getting higher. The need for it however has not reduced. We have always looked for ways to reduce the rates we eventually pay on our auto insurance suggesting and proffering different tips. Joining the league of people looking for ways to make auto insurance more affordable funny enough is the insurers themselves with this new but not so popular policy.

If you have studied ways to reduce your car insurance cost you would know that the lower your mileage, the more the discount you can get. Even with this discount, some of us who don't really use our cars that much are still paying a lot compared to the usage. I guess with the economic crunch, insurers decided to introduce a policy to encourage even those who rarely use their cars to still get affordable auto insurance coverage.

Enter usage based auto insurance policy! Wow! This policy is operates a system where your rates are calculated based on exact mileage you cover.

How is it possible to calculate this? A device would have to be installed in your car to monitor the distance you cover. From this your rate would be calculated so you don't pay more than you use.

Why then is this policy not so popular? It needs a system that can not be easily tampered with so the insurers are sure they are getting true values. It would also mean a driver would give up some privacy as his/her driving habit can be monitored.

This policy is very ideal if you don't mind the idea of a device monitoring your driving and if you live in a city where you don't drive much or belong to a car pool that greatly reduces your car usage. What more can I say? We all need very affordable auto insurance coverage more so now that there is this economic situation.

Ensure you get the most affordable auto insurance by comparing quotes. Remember to visit at least 3 free quotes sites for best results.