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Thursday, 08 April 2021 19:36

Farmers Insurance Launches FairMile, New Usage-Based Commercial Auto Insurance Program, in Washington State

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...businesses where certain vehicles are used sparingly.

 

Each month, premium adjustments are made to reflect actual miles driven compared to the mileage amount originally estimated. Business owners have the option to select between a monthly EFT or credit card payment plan to facilitate premium adjustments.

 

Customers choosing to enroll in the FairMile program will receive a telematics plug-in device for each of their business vehicles. The device is compatible with most vehicle model years 2000 and newer and must be installed in each of the vehicles in the program.

 

In addition, the device will be complemented by the FairMile app which contains a collection of features for business owners including: monthly mileage reports, near-real-time vehicle location tracking, detailed trip summaries, insights into certain driving behaviors performed in vehicles and select engine fault alerts that may help owners get ahead of potential problems.

 

The FairMile app is accessible on both iOS and Android mobile phones, or through a web browser.

 

Business owners are encouraged to contact their local Farmers agent to learn more about vehicle qualifications and an additional discount available to customers who combine a Farmers Commercial Auto Policy (including those enrolled in the FairMile program) with a new Farmers Business Owners Policy.

 

*Internal Farmers survey of Business Insurance customers conducted in January 2020.

 

Source: Farmers Insurance

 

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