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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (10628)	5/22/2010 12:32:49 PM
From: Wharf Rat	Respond to of 24226

State Farm files California pay-as-you drive request By Staff and Wire Reports Published: 5/22/2010 5:36 AM Last Modified: 5/22/2010 5:36 AM State Farm Mutual Automobile Insurance Co., the nation's largest car insurer, is the first to apply to the California regulator to offer pay-as-you-drive coverage in which motorists get discounts for travelling less. The application from Bloomington, Ill.-based State Farm is under review, California Insurance Commissioner Steve Poizner said Friday. Insurers say that pay-as-you drive, in which companies track additional data about driving habits, allows them to better price policies and may encourage customers to make fewer trips, reducing gasoline usage. California may join the United Kingdom and the Netherlands in permitting such pricing. Poizner said the plan won't violate customer privacy. "It's just common sense that Californians who choose to drive less should have an option to pay less," he said. "I hope other insurers follow suit." Read more from this Tulsa World article at tulsaworld.com