GOOD

The Case for Pay-as-You-Drive Car Insurance

Most people in America pay a more-or-less flat fee for car insurance that's calculated according to their age, gender, driving record, and some other factors. One thing that often doesn't have much to do with your insurance bill, is how much you actually drive. This predominant system provides a good incentive for not getting into accidents (your insurance will go up if you cause a crash) but it doesn't do a great job of linking the cost of driving to actual driving.

There's a competing system which goes by a variety of names: pay-as-you-drive insurance, pay-per-mile insurance, or usage-based insurance. The idea, as you might expect, is that your insurance is prorated according to the amount you drive. The insurance company checks your odometer before and after a pay period, or installs a GPS unit in your car to keep track of your miles traveled, and you pay once the period ends. The average cost would be about 6 cents per mile.


By more making incremental driving incrementally more expensive insurance-wise, this system provides a little added disincentive for unnecessary driving. And people who don't drive much in the first place don't have to pay as much for insurance. This has obvious environmental benefits, can reduce traffic, and also helps insurance companies price their coverage in better accordance with actual risk.

This handy video, made by a "cranky and curious" citizen of British Columbia, explains the whole idea pretty well, goofy soundtrack notwithstanding.

[youtube]http://www.youtube.com/watch?v=x36Ir93BoTU

The Wikipedia page has information about where pay-as-you-drive insurance is available around the world (and in the United States). Progressive insurance offers the MyRate program in Alabama, Colorado, Kentucky, Louisiana, Michigan, Minnesota, Maryland, New Jersey, and Oregon. A few other pilot programs have been discontinued due to lack of demand from customers. I can only assume this is because people aren't aware of the option. So I wrote a post about it.

Via Sightline Daily

Articles
via Jim Browing / YouTube

Jim Browning is a YouTuber from the UK who has an amazing ability to catch scammers in the act.

In this video, he responds to a scam email claiming he bought a laptop by breaking into the scammer's computer. In the process he uncovers where the scammers work, their banking information, and even their personal identities.

"I got an 'invoice' email telling me that I had paid for a $3800 laptop," Browning writes on his YouTube page. "No links... just a phone number. It's a real shame that these scammers emailed me because I was able to find out exactly who they were and where the were."

Keep Reading
Business
HG B / YouTube

Danielle Reno of Missouri left her car running and it was stolen by thieves. But she wasn't going to let her car go so easily.

For 48 hours this owner of a pet rescue tracked the charges being made on her credit card. Ultimately, she found her car at a local Applebee's, and then went after the thieves.

Keep Reading
Communities
via Bossip / Twitter

Sens. Elizabeth Warren and Bernie Sanders took aim at former New York City Mayor Michael Bloomberg onstage at Wednesday's Las Vegas Democratic debate, likening the billionaire businessman to President Donald Trump and questioning his ability to turn out voters.

Sanders began by calling out Bloomberg for his stewardship of New York's stop and frisk policy that targeted young black men.

Keep Reading
Politics