CHAPTER
9
Pay-As-You-Drive for Car Insurance
We urge, Mr. President, that your administration implement measures, particularly federal tax credits, to accelerate experiments in automobile insurance reform. The experiment of most interest is pay-as-you-drive (PAYD) insurance, which varies much more strongly with mileage than most automobile insurance plans currently do. If this policy reform works as its advocates predict, it would reduce the number of highway deaths without increasing overall insurance costs for the average motorist. Environmentalists also embrace PAYD, because reduced driving would moderate other problems associated with motor vehicle use, including oil dependence and emissions of conventional ...
Get New Approaches on Energy and the Environment now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
