The average miles driven of every vehicle in the U.S. is between 15,000 to 20,000 miles per year and most automobile insurance companies use this average to set their rates.
Yearly, car insurance holders rarely acquires 10,000 miles of any of their vehicles which end-up paying higher insurance rates for more miles.
GMAC Insurance, an insurance company owned by General Motors offers an exceptional mileage discount to all its car insurance policyholders. An in-vehicle communication technology developed by OnStar which measures the actual miles driven of a vehicle. GMAC would use this tracking data to calculate risk and rates for a particular policy.
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Yearly, car insurance holders rarely acquires 10,000 miles of any of their vehicles which end-up paying higher insurance rates for more miles.
GMAC Insurance, an insurance company owned by General Motors offers an exceptional mileage discount to all its car insurance policyholders. An in-vehicle communication technology developed by OnStar which measures the actual miles driven of a vehicle. GMAC would use this tracking data to calculate risk and rates for a particular policy.
Read more...