The Auto Club of Southern California presented a classification scheme in June after the new state "pay-as-you-drive" regulations came into force in October 2009. GEICO. State Farm filed a similar application in May. Both qualification applications are reviewed by the California Department of Insurance.
Typically companies auto insurance based on their scores on the estimated mileage consumer report. The approach of paying for the drive to allow insurers to base rates on mileage verified. Consumers can report their odometer readings or opt for a "plan of telematics," which uses a technological device to track and report mileage to the insurance company. PROGRESSIVE INSURANCE. Details on what kind of device can be used to track the mileage are not yet available, but the rules state insurance underwriters prohibit the use of a device for monitoring vehicle location data for classification purposes.
Low mileage will be less expensive in the odometer verification plan compared with the common method, and even less expensive plan telematics, when the odometer readings reported.
FLORIDA CAR INSURANCE California Insurance Commissioner Steve Poizner proposed payment for the drive that the regulations in September 2008.
