By Ivan Penn, Staff Writer, St. Petersburg Times
January 15, 2010
Pay-as-you-drive insurance "bases insurance cost on the number of miles driven incorporated with existing rating factors, such as a driver's accident history or geographical location," Sean M. Shaw, the state insurance advocate, said in his recent report on the issue.
Shaw says on April 1, the new insurance offering will be available to Floridians through Progressive American Insurance Co., the first to offer the new program.
For more information about the program, see Shaw's full report at: http://www.myfloridacfo.com/PressOffice/Newsletter/