Farmers Group weighs 'pay-as-you-drive' insurance plan – Miami Herald

Farmers Group plans to lower premiums by charging drivers for coverage by the mile, measuring car usage by iPhone and BlackBerry. The insurer wants to base insurance costs on miles driven to “charge the right premium for the right risk” and keep …

Read the whole story here: Farmers Group weighs 'pay-as-you-drive' insurance plan – Miami Herald