California Insurance Commissioner Steve Poizner is lobbying the state legislature to support his "pay-as-you-drive" insurance plan,
where drivers would pay insurance rates based on how many miles driven per year. The article doesn't mention drivers who go beyond the normal average of 15,000 to 20,000 miles per year in their personal cars. What about a chauffeured transportation vehicle that's running 50,000 or more miles a year? What would that cost compared to insurance rates paid by the industry today? Will transportation companies be considered seperately and be able to negotiate fleet discounts? This has to move through the state legislature, but it sounds like it could go over and be adopted.
Print | posted on Thursday, August 28, 2008 8:39 AM