CSE Insurance Group,a US property and casualty insurer has launched its new SAVE Program,with an aim to provide reward to drivers for less driving.
According to the underwriter,its customers can partake in this new program where drivers will be charged with lower auto insurance premiums as a reward for driving fewer miles.
With the minimum mileage begining at 5,000 miles,this optional program will be available as an annual policy term,the firm said.
When the policy will come in force,the customers will provide estimated annual mileage and will have the opportunity to increase their mileage if needed during the policy term.
CSE Insurance Group president and CEO Pierre Bize said,"This is a true pay by the mile program where our customers pay for the miles they drive.Not only are drivers reporting their actual mileage,they are reimbursed for the difference between their estimated and actual annual mileage."
The company said that it will refund the money paid by the customers,if the annualized mileage is lesser than the original estimated annual mileage reported.
If the actual mileage is greater than the original estimated yearly mileage,the insured will have to pay for the difference,which makes it more flexible,the US insurer added.
"We believe the SAVE Program generates other clear benefits that fit squarely into our green initiative efforts by encouraging program participants to drive less,"Bize added.
CSE Insurance Group offers property and casualty insurance for teachers and other educators,firefighters,law enforcement personnel,and other government and civil service employees at affordable rates across the US.
