Esurance Launches Mileage-Based Insurance Policy in Oregon

Esurance has launched a new mileage-based insurance offering called Esurance Pay Per Mile, available first to Oregon drivers.

Eric Madia, auto products vice president at Esurance, said the through the program customers will pay largely based on how many miles they drive, “whether that’s 1,000 or 10,000 miles per year.”

Esurance Pay Per Mile is being touted as an option for drivers who have a low annual mileage or flexible commuting options. It offers the same coverage options as an unlimited-mileage policy, according to the carrier.

Esurance automatically tracks mileage and GPS location through a device that plugs into a port in the dashboard of a vehicle known as the OBD-II port. When insureds sign up, they receive instructions to log into their Esurance Pay Per Mile account, which allows them to set alerts and monitor their driving history.

Esurance sells insurance direct to consumers online, over the phone, and through select agents, including sister company Answer Financial. It is a member of the Allstate family.