Thank you for attending this class! In this session, we explored two modern alternatives to traditional auto insurance that could help you lower your costs—especially if you're a safe or low-mileage driver.

Key Takeaways and Next Steps

Pay-Per-Mile Insurance:

This option charges a flat monthly base rate plus a few cents per mile driven. It’s best for drivers who use their car infrequently—such as retirees, remote workers, or those who rely on public transit. Your mileage is tracked through a smartphone app or odometer photos.

Telematics-Based Insurance:

Telematics uses a device or app to track your driving behavior—speed, braking, acceleration, time of day, and more. If you’re a consistently safe driver, this could lower your premium, but risky driving may increase your rate after an initial discount period.

Know Which Option May Fit You Best

Pay-per-mile: Great for low-mileage drivers looking for predictable savings.
Telematics: Ideal for safe drivers with moderate mileage who want to earn discounts.
You can estimate your potential savings with pay-per-mile insurance before enrolling, while telematics outcomes depend on actual driving habits.

Be Prepared to Share Some Personal Data

Both programs require sharing information to monitor mileage or driving behavior. Telematics requires more detailed tracking, which may be a concern if you value privacy.

You Can Always Switch Back!

If your lifestyle or driving habits change, you can return to a traditional auto insurance policy. Be sure to compare your current costs with these newer models to determine if switching is worth it.

These flexible insurance options can help you tailor your coverage and costs more closely to how you actually drive. Thanks again for joining us—drive safe, and we hope to see you in another class soon!