If you live in Texas and you’re in the process of looking for car insurance for your new or used Dodge Ram, chances are you’re also looking for ways to save money on your policy. Luckily for you, as a Texas resident you have an option that drivers in most other states do not: Pay-Per-Mile Insurance. As opposed to policies that are based on fixed premiums, Pay-Per-Mile insurance gives you the option to have your insurance premium set based on the amount of miles that you drive. People who don’t drive a lot will end up saving money overall, while those that use their car frequently may end up paying more. Here’s how Pay-Per-Mile insurance works:
- Just like a regular policy, you start by getting a car insurance quote (this time on a per mile basis rather than yearly or bi-yearly)
- You purchase a specific amount of miles each six months based on how much you think you’re going to drive.
- If you go over your allotted mileage amount, you can buy more miles. If you don’t use all of your miles, you can usually roll them over into the next premium period.
- The way that companies keeps track of your mileage may differ, although the most basic way is…