By Ivan Penn, Times Staff Writer
Posted: Jan 15, 2010 10:56 AM
What is pay-as-you-drive insurance?
Pay-as-you-drive insurance “bases insurance cost on the number of miles driven incorporated with existing rating factors, such as a driver’s accident history or geographical location,” Sean M. Shaw, the state insurance advocate, said in his recent report on the issue.
Shaw says on April 1, the new insurance offering will be available to Floridians through Progressive American Insurance Co., the first to offer the new program.
For more information about the program, see Shaw’s full report at: http://www.myfloridacfo.com/PressOffice/Newsletter/
[Last modified: Jan 17, 2010 01:26 PM]
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