California Insurance Commissioner Backs Pay-As-You-Drive Policies. By Marc Lifsher, LATimes, August 28, 2008. "California drivers could be offered a new -- and often cheaper -- kind of car insurance next year under a voluntary pay-as-you-drive plan proposed Wednesday by Insurance Commissioner Steve Poizner. His plan would base annual rates partly on the exact number of miles driven and would allow people to pay less if they drive less... Putting a pay-as-you-drive system in place would give motorists a reason to drive less and thus purchase less gasoline... Environmentalists are big supporters of the idea and predict the scheme would cut emissions of greenhouse gases... The public will have 45 days to comment... and a public hearing on the plan has been scheduled for Oct. 20. The commissioner would then have as long as a year to approve the final rules."
2008-08-28
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