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Report: Half of American adults will not sign up for pay-as-you-drive programs

Millennials more likely to have heard of and to consider usage-based insurance

By Melissa Hillebrand | Updated on January 21, 2015

More than 20% of all U.S. auto insurance companies will incorporate some form of pay-as-you-drive insurance within the next five years, but carriers should think twice about which consumers will sign up for that service.

According to an InsuranceQuotes.com report, more than half of Americans (51%) would not consider enrolling in a PAYD program, an increase from 37% last year. The findings are based on a survey conducted by Princeton Survey Research Associates International of 1,0001 American adults. 

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