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Industry Mostly Backing Calif. 'Pay-As-You-Drive'

The California Department of Insurance has received general support for its proposed pay-as-you-drive insurance, but there are questions about individual details of the new regulations.

By Ryan O'Hanlon | Updated on July 12, 2009

NU Online News Service, July 13, 2:23 p.m. EDT

The California Department of Insurance has received general support for its proposed pay-as-you-drive insurance, but there are questions about individual details of the new regulations.

The new proposal contains a voluntary program where insurers could choose to offer their policyholders the option of basing the cost of their insurance partly on the number of miles they actually drive, the Association of California Insurance Companies said.

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