Nov 13, 2011

Business car insurance policy

Why People Prefer Pay As You Drive Car Insurance Pay as you drive car insurance is growing in popularity around the world. Its benefits far outweigh any negatives.
Have you considered a long term care insurance policy but have not committed because you feel you would not use the insurance benefit? Some with this concern have another option that combines a long term care insurance policy with a traditional life insurance agreement to produce a long term care insurance policy that has a return of premium.
It is catching on in the countries where it is illegal to drive without car insurance. People have been growing increasingly agitated with the fact that they have to pay the same car insurance costs as other people, even if they do not use their cars that often. Older people and those who live in two vehicle households do not drive their vehicles as often as others. There are also some people who make a concerted effort to drive less in order to conserve the environment. These people should all be rewarded for driving less, and pay as you drive insurance seems like the best possible way to do this. But what is pay as you drive auto insurance, and how does it work? There is a small set fee that has to be paid towards the premium every month. Thereafter, the premium is calculated on a cent per kilometer rate which is determined by the regular factors such as age, driving history, the type of car being driven and the security on the vehicle. There will usually be an amount of free kilometers that can be travelled each month before the insurance company starts charging the cent per kilometer rate. Once the person travels over the designated free kilometers, they will then start paying for the extra kilometers travelled. The car is installed with a tracking device by the insurance company so that they will be able to monitor how far you travel each month. This also doubles up as an excellent security measure for the vehicle, as the insurance company will have peace of mind in knowing they will be likely to recover the vehicle should it go missing.
This pay as you drive motor insurance idea is very popular with people who do not travel a lot every month. If they are only using their car occasionally, then it seems like a waste of money to pay for full insurance every month. Environmentalists are also raving about pay as you drive insurance, saying that it motivates people to drive less, knowing that they will pay less at the end of the month. If there are fewer cars on the roads, there will be less of an impact on the environment from the carbon monoxide emissions. Some businesses also prefer for their drivers to be on the pay as you drive insurance option, as they are more easily able to monitor where their employees are traveling each month, and how much of the petrol costs they should cover. Pay as you drive is an interesting vehicle insurance option that should be looked into by everyone. Not only to save money, but the earth too!

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