Auto Insurance Rewarding Those Who Drive Less?
According to the article “Regulators Shy Away From Imposing Emissions-Cutting Auto Insurance” by Evan Lehmann on NYTimes.com, key insurance regulators recently said they won’t require the auto insurance industry to offer auto insurance policies that help reduce emissions by rewarding drivers who are on the road less.
The regulators also weren’t keen on the new plan to make those policies standard across the county. This plan is often known as “pay-as-you-drive”. Joel Ario, Pennsylvania’s insurance commissioner believes they will never require the pay-as-you-drive concept. Ario and other researchers have promoted the drive less mentality over the years. They believe drivers will stay off the roads more if they know they will pay less on auto insurance quotes because of it. This will lead to less environmentally unfriendly emissions from automobiles.
The concepts are similar to other movements such as the Energy Star appliance standards, and the green building code called LEED, or Leadership Energy and Environmental Design. Auto insurance companies such as Eastwood Insurance, would have to offer some type of policy that rewards drivers for driving less, but in a way this already makes drivers less risky which often translates to lower rates.
Tags: auto insurance companies, auto insurance policies, auto insurance quotes, Auto Insurance Rates, Dairyland Insurance, Eastwood Insurance
