Pay-As-You-Drive (PAYD) Insurance, or mileage-based insurance, has the potential to be an effective transportation pricing strategy with multiple benefits including reductions in vehicle miles traveled, fuel consumption, and vehicle emissions. The North Central Texas Council of Governments (NCTCOG), in partnership with Progressive County Mutual Insurance Company (Progressive), conducted a pilot program to evaluate the feasibility of implementing mileage-based insurance and whether such a program would impact driver behavior. During the first phase of the study, a statistical analysis of available data produced a positive correlation between mileage driven and accident frequency, thus validating the hypothesis that insurance companies can provide financial incentives to customers who drive fewer miles because of an associated reduction in claims costs. A second phase of the pilot program offered financial incentives to volunteer participants who were able to reduce their mileage from a personal baseline condition. Data collected from the participants' vehicle on-board diagnostic system resulted in an average mileage reduction of five percent. Additional spatial analysis concluded that mileage reduction was independent of participant residence suggesting PAYD Insurance would be a viable strategy to minimize negative environmental impacts region-wide.
North Central Texas Pay-As-You-Drive Insurance Pilot Program
Transportation, Land Use, Planning, and Air Quality 2009 ; 2009 ; Denver, Colorado, United States
23.07.2009
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
Transportation Research Record | 2014
|Industry news - Pilot Boat For Texas Coast
Online Contents | 2003
Enlargement of Texas Central station
Engineering Index Backfile | 1912
Rail on the North Texas horizon
IuD Bahn | 2012
|Pay-as-you-drive insurance for hauliers
Online Contents | 2011