In the face of rising auto insurance premiums, insurance companies have been responding with potentially cheaper, pay-as-you-drive plans that, for billing purposes, track when, how, how much and where drivers use their vehicles instead of basing rates on statistics and past trends, The Detroit News reports. The practice isn't yet mainstream, but the National Association of Insurance Commissioners predicts 20 percent of insurance plans will be pay-as-you-go in five years; right now they account for less than one percent. But privacy concerns already are being raised due to the GPS tracking that's required for this type of insurance.
Autoblog , Popularity of pay-as-you-drive auto insurance accelerating, Popularity of pay-as-you-drive auto insurance accelerating
