Pay as you drive coming

The :en:Glendale Freeway (Highway 2), as photo...Image via Wikipedia

The State of California has enacted a new "pay as you drive" directive allowing insurance companies to charge insured drivers based upon the actual miles they drive instead of the industry norm of actuarial based rates. While some have expressed displeasure due to so called privacy concerns, it seems to be a sensible approach to take. There are many who drive very few miles yearly and others who drive considerably more. Both of these classes of drivers tend to pay relatively similiar rates. Insurance companies do question drivers periodically on their mileage but I'm fairly sure most drivers tend to fudge those figures a bit. This seems to be a growing trend with companies such as Progressive taking the lead. It's only a matter of time before this spreads to the commercial side of insurance.
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