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Nation's First By-the-Mile Auto Insurance Provider Celebrates First Anniversary with National Attention

Business Wire Insurance Related
Published by CarInsurance.com News 11:39 AM Nov-19-2009

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The nation's first by-the-mile auto insurance provider, MileMeter, is marking its anniversary this fall with several customer events in Waco and Dallas, Texas, while planning its expansion strategy in response to growing interest and demand from other states.

Founder and CEO Chris Gay was featured on Fox Business News on Nov. 10, 2009, as anchor Brian Sullivan interviewed him as a leading expert in pay-as-you-drive (PAYD) insurance. The on-air segment allowed MileMeter to share the revolutionary money-saving and customer-focused concept and gave background on how the PAYD system works.

"The less you drive, the less you pay," Gay explained as he answered many questions about how consumers can personally benefit with cost savings by enrolling with MileMeter.

Gay also noted that MileMeter encourages and rewards the socially responsible behavior of driving less, leading to "¦improvements in air quality, water quality and public safety benefits due to less congestion and fewer accidents." Among the blogs that have supported MileMeter -- to name a few -- are TreeHugger, Greenopolis and Mother Nature Network.

Currently, MileMeter policies are available only to Texas residents, but the idea that driving less could mean paying less is spreading to other states.

California recently changed its regulations to allow "pay-drive" and per-mile insurance. A related article in the Sacramento Bee cited MileMeter's plan as a prime example of the kind of auto insurance that should be available to California drivers to persuade them to drive less in order to reduce the state's air pollution and traffic congestion.

In its constant quest to be responsive to customers, the company launched MileMeter 2.0 in September. Based on customer feedback and requests, MileMeter tailored its program to provide higher coverage limits, allow rollover for unused mileage between coverage periods, and to offer the ability to purchase additional miles when drivers travel more than expected.

With its continuing focus on customer service, innovation, and transparency, MileMeter looks forward to helping customers save money on auto insurance while providing the protection they need. As an auto insurance company that is only interested in the amount of miles its policy holders drive -- not their gender, marital status, education level, credit score or other discriminatory criteria -- MileMeter plans to expand to provide pay-by-the-mile coverage to drivers outside Texas.

About MileMeter

Based in Dallas, MileMeter Insurance Company is the first and only auto insurance company in the United States to sell per-mile auto insurance, with over 100 pending patent claims. Visit www.milemeter.com to learn more.

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