I just received a newsletter from Todd Litman of the Victoria Transportation Policy Institute that describes an innovative project that is being tested by King County Metro.
King County Metro, the Washington State Department of Transportation and other partners has $2,2 million to develop a Pay As You Drive (PAYD) Insurance Pilot project for Washington State over a 4-year period to evaluate the impacts of a pilot including at least 5000 participants. They are in the process of recruiting an insurance carrier to join in the project. The deadline for expressions of interest is February 15, 2006. For more information contact Bill Roach (bill.roach@metrokc.gov) or Bob Flor (bob.flor@metrokc.gov).
I probably wouldn’t have mentioned it, but I noticed that the Cascadia Scorecard had an article on this topic today, Pay As You Drive Insurance, and they didn’t mention this interesting program. This makes me think that the project must be really below the radar and in need of some Rain City Guide attention!
So how does it relate to Seattle real estate? Barely… But what’s important is that if you are a King County resident whose car spends almost all day at home, then you may be able to save money by joining this program and only paying insurance on the miles that you drive.