Usage based insurance concept is launched in Oregon

Usage based auto insurance

Technology will now be allowing drivers in the state to have premiums that reflect their behaviors. An auto insurer in Oregon, MetroMile, has announced that they will now be selling a usage based insurance policy that will calculate their premiums based on the number of miles that the motorist has driven. The insurer will be using a sensor installed in vehicles that records the miles driven in the vehicle. The company is taking a similar angle to a utility meter with the concept of usage based insurance, where the number…

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