• Can’t afford a “plan” insurance? Here’s a budget tip for you.

  Filed under General Facts
  Oct 10

  by: Christine Zafra

  

  If you don’t want to be tied to your auto insurance in paying yearly fees, then check out the newest pay per mile auto insurance. Insurance companies have fixed rates, whether you use your car or not. This is actually a waste of money in the end since you’re paying for something you didn’t use.

  But with technology and innovation, this pay per mile insurance can solve your financial dilemmas. They will install a chip called odometer (cellphone type) that will give your insurance company a ring in case you add a mileage to your car travels. It works with GPS, so it has a nationwide coverage.

  You have to pay an upfront fee though if you want to enjoy this perk and the amount you will pay is dependent on how far you take your car.

  Photo taken from http://energytechstocks.com.previewmysite.com
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