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:: 11.03.2003 ::  



An interesting idea
By shifting to a mileage-based auto-insurance system, people who drive less would save money on premiums and everyone would have an incentive to leave the car home more often. Todd Litman of the Victoria Transport Policy Institute in British Columbia estimates that so-called pay-as-you-drive (PAYD) insurance plans would reduce driving by about 10 percent. Such plans are being pilot tested or offered in a handful of U.S. states and Britain. Oregon recently passed a bill that gives insurance companies incentives to offer PAYD policies; leaders and activists in the state expect that such policies would lead to drops in congestion, auto accidents, and pollution.
From the Daily Grist.

:: Deb 4:07 PM :: permalink :: [0] comments :: ::


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