Many of the largest auto insurance companies offer an interesting way to save money—if you’re willing to let them track how you drive! It’s called pay-as-you-drive insurance. Here’s how it works: If an insurer considers you a safe driver--depending on factors such as how hard you brake, how often you drive late at night, and your mileage—they reward you with a discount.
But a new insuranceQuotes.com survey shows that many Americans miss out on these discounts because they’re never even heard of pay-as-you-drive insurance programs – or they have concerns about how insurers will use their driving data. We took to the streets of downtown Burlingame, California, to find who’s heard of pay-as-you-drive insurance – and whether they’d be interested in enrolling.