YouTube video by Hunter Nelson explaining pay-per-mile auto/truck insurance as a way to lower expenses when driving (and revenue) is reduced — e.g., truck in the shop or seasonal work. Nelson notes that relatively few companies offer pay-per-mile plans, mentions Canal Insurance as the most popular option, and references a promising new insurer on the market.
I have a lot of people ask me about pay per mile insurance. Pay per mile insurance is really great because if you guys got a truck in the shop, no driver, you're seasonal, whatever the case is, you get less revenue coming in. Well, how can we lower those expenses when less revenue is coming in? Because obviously you're driving less miles, you're bringing in less money. That period. The paper mile insurance would be really great to kind of help you guys offset that. Now, there is not a lot of insurance companies who do pay per mile insurance. There is a new one on the block here that is really, really good, and I'm gonna run through them here real quick. The most popular one you guys are gonna see is canal insurance.
