Pay-As-You-Drive Vehicle Insurance: Is it in the cards as a new mobility strategy?

This white paper  by Todd Litman of the Victoria Transport Policy Institute, just issued the Pacific Institute for Climate Solutions, looks at the potential  for Pay as you Drive (PAYD) insurance both in general and in the specific case of British Columbia. With Pay as you Drive – i.e., “context sensitive insurance”  — what you pay for this big-ticket item is conditional on not only distance travelled but also time and place. The concept has been around for decades but has started to gain traction in the last half dozen years. Let’s have a look. Continue reading