Incremental auto insurance.
Under such a system, "practically everyone benefits;' ElGasseir says. Drivers pay only for the miles they travel. And because the gas-pump fees will reduce the number of uninsured drivers, he notes, insurance companies should be able to lower their fixed costs. Finally, by discouraging travel, the plan should cut traffic congestion and accidents. El-Gasseir cites a study by the state of California indicating that in the long run, this plan might cut gasoline use by 16 to 41 percent.
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|Title Annotation:||plan would allow motorists to pay only for miles traveled|
|Article Type:||Brief Article|
|Date:||Mar 6, 1993|
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