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Pay Per Mile Insurance—Advantages for Insurers

Adopting new policy options such as PPM demonstrate that insurers are keeping up with these evolutions and are able to serve policyholders with unique and value-added solutions at each stage of their driving journey.

Pay-per-mile (PPM) insurance is a growing auto insurance product segment that can help lower a driver’s monthly auto insurance premium. PPM is a variety of pay-as-you-drive (PAYD) insurance, which is primarily focused on accurately monitoring mileage driven and thus, pricing policies appropriately based on that mileage.

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