Does Usage-based Insurance (or Pay as You Drive Insurance) Work for Motorcyclists? Is It a Reasonable Way to Save Money If You Don't Ride Much?
Usage-based insurance is a very real way for drivers to save money and earn the rate they deserve. To date, more than 1.6 million people have tried our UBI product, Snapshot, in their cars. There are no immediate plans to bring usage-based insurance to motorcycle policies but we’re constantly looking for ways to bring our customers savings right now through our many available discounts.
Canadian company Baseline Telematics has launched a pilot program for the world’s first pay-as-you-ride insurance coverage for motorcycles. The program will be tested in Saskatchewan, a Canadian province with a public insurance system trying to find new ways to reduce the cost of motorcycle accident claims.