I really dislike paying for car insurance. I completely understand the concept and it’s fabulous. My issue, is that I rarely drive so it seems ridiculous to pay so much money for it.
Months ago, I did multiple quotes online and spoke to others on the phone to get the best rate. The lowest I could get was about $60 a month through Root. So I tried them out for the six months and watched their rate increase to over $70 a month. Just before my policy ran out, we had purchased a second vehicle. We needed a backup but I cringed at having to add it to the insurance. I looked into it some options and managed to find a few companies that offered pay per mile plans. This was perfect!
After some research and quotes, I ended up signing up with Metromile. I chose the most basic coverage, state minimum. We are now paying a base rate per vehicle, plus the per mile rate. That ended up being $12.30 for the car and $18 for our truck. I had to pay the base rate up front for six months which was just over $100. Once you are set up, they send you an OBD reader so they can track your miles.
I just received my first bill after trying them for a month. It was $32.52 total, minus what I prepaid. So, I only owed $1.63 for the miles I drove. Now, that is even more fabulous. Not to mention, they also give me an Amazon gift card for each referral that I send them.
Want to save money on your car insurance?
Get your free quote from Metromile pay-per-mile insurance using my referral link http://fbuy.me/pkVrx.
For more savings like this, go to the Financial Tips page.