I was having a review with a client last week and he told me how many miles he had on his vehicles. My company used to care how many miles clients were driving. It hasn’t been that way in the better part of a decade now though.

Turns out, it wasn’t the best way to determine the right way to price a risk . There was no real way to prove how much people were driving without creating so much work that it became more of an impediment than an asset.

There are other companies that still use mileage as a factor. In fact, it’s making a huge comeback because now we can absolutely prove how many miles people are driving. Most companies have apps now that track everything from speed to braking to distracted driving to good ol fashioned miles.

My hunch is that in a decade, these apps or whatever iteration they will be, will be mandatory to qualify for an insurance company’s best rate. We will have your specific driving habits handed right to us and will be able to price accordingly.

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