But does it really save you money in Florida? And which companies offer the best deals?

This guide breaks down:
✔ How pay-per-mile insurance works in Florida (and who qualifies).
✔ The 4 best PPM providers (2024 rates compared).
✔ Real savings examples—how much you’d pay vs. traditional insurance.
✔ The catch—when PPM is a terrible deal.

Let’s find out if switching could slash your bill.

How Pay-Per-Mile Insurance Works in Florida

Unlike traditional insurance (where you pay a flat rate), PPM policies charge you:

• A low base rate (covers your car while parked).
• A per-mile fee (only for the miles you drive).

Example:

• Base rate: $50/month
• Per-mile fee: $0.06/mile
• Miles driven: 500
• Total cost: $50+($0.06 x 500) = $80

Compare that to a traditional policy at 150/month, and you’re saving 70.

Who Should Seriously Consider Pay-Per-Mile?

✅ Remote workers (driving <7,000 miles/year).
✅ Retirees (no daily commute).
✅ City dwellers (using public transit often).
✅ Snowbirds (only driving seasonally).

4 Best Pay-Per-Mile Insurance Companies in Florida (2024)

We compared rates from Florida’s top PPM providers. Here’s who came out on top:

1. Milewise by Allstate – Best for Flexibility

• Base rate: $45–$80/month
• Per-mile rate: $0.04–$0.10
• Best for: Drivers who want no long-term contract.
• Downside: Higher base rates than competitors.

2. Nationwide SmartMiles – Best for Low-Mileage Drivers

• Base rate: $40–$70/month
• Per-mile rate: $0.05–$0.08
• Best for: Those driving <500 miles/month.
• Bonus: No mileage cap (unlike some competitors).

3. Metromile (Now Lemonade) – Best for Ultra-Low Mileage

• Base rate: $35–$60/month
• Per-mile rate: $0.06–$0.12
• Best for: Drivers under 4,000 miles/year.
• Watch out: Limited availability in Florida.

4. Mile Auto – Best for Privacy (No Tracking Device)

• Base rate: $50–$90/month
• Per-mile rate: $0.05–$0.09
• Best for: Drivers who hate telematics.
• How it works: You snap a photo of your odometer monthly.

Key Takeaway: If you drive fewer than 8,000 miles/year, you’ll likely save with PPM.

When Pay-Per-Mile Insurance Is a Bad Deal

PPM isn’t for everyone. Avoid it if you:
🚫 Drive more than 12,000 miles/year (traditional insurance will be cheaper).
🚫 Have a long daily commute (per-mile fees add up fast).
🚫 Don’t want mileage tracking (most PPM insurers use apps/devices).

Pro Tip: Calculate your break-even point:

(Base Rate ÷ Traditional Rate) x 100 = Max Miles Before PPM Costs More

Example: If your base rate is $60andtraditionalinsuranceis$120, PPM only saves money if you drive under 1,000 miles/month.

How to Get the Best Pay-Per-Mile Rate in Florida

1. Bundle with Home/Renters Insurance

• Companies like Allstate and Nationwide offer 10–15% discounts for bundling.

2. Ask About Low-Mileage Discounts

• Some insurers (like GEICO) offer pay-as-you-go discounts even on traditional policies.

3. Adjust Your Coverage

• If your car is older, dropping collision can make PPM even cheaper.

4. Compare Quotes Every 6 Months

• PPM rates fluctuate. Shopping around ensures you’re not overpaying.

FAQs: Pay-Per-Mile Insurance in Florida

1. Does pay-per-mile insurance track my speed?

Most don’t. They only track mileage, not driving behavior (unlike usage-based insurance).

2. What if I go on a road trip?

• Some insurers cap daily miles (e.g., 250/day). Others charge extra—check the fine print.

3. Is pay-per-mile available everywhere in Florida?

Mostly, but not all providers cover rural areas. Metromile (Lemonade) has the most limited availability.