Pay-as-you-drive legislation in Washington that proposes drivers should be able to pay insurance premiums based in part on the miles driven per year, was passed bythe Washington Senate by a 32-15 vote.
Senate Bill 5708, sponsored by Sen. Tracey Eide, D-Federal Way, provides that any insurance policy that grants the coverage required for a motor vehicle liability policy may also grant lawful coverage based on mileage-based factors. A mileage- based motor vehicle liability policy must be approved by the insurance commissioner.
According to the bill text, the goal of the bill is to create an incentive for drivers to drive fewer miles, and subsequently reduce greenhouse gas emissions.
The bill now moves to the House.
Source: Washington Legislature
Topics Washington
Was this article valuable?
Here are more articles you may enjoy.
Baldwin Group to Buy CAC Group for About $1B in Cash and Stock
Owner of Historic Minnesota Resort Charged With Arson, Insurance Fraud
State Farm Sued Over Policies Backed by Distressed Insurer PHL
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk 

