Bottom-line insurance is an alternative to traditional auto insurance policies. Bottom-line insurance works by paying you and/or your survivors a monthly income, based on your age and salary, rather than paying you a one-time payment if you are injured in an accident. The monthly income supplied by bottom-line insurance will be more than the one-time payment from traditional auto insurance.

What does this mean for drivers? Bottom line policies will save people money on their car insurance because they won't have to pay for accidents that don't happen. Also, because bottom line policies don't cover injury (unless it results in death or an inability to work), it's cheaper than most traditional auto policies which cover both injury and damage.

How much can you save with bottom-line insurance?

That depends on what type of policy you choose and the type of vehicle you drive. The policy I chose was a 50/500/25, which means that the company will pay $50,000 to your survivors if you're killed in an accident, $500 a month for 25 years if you're disabled and $25 a day (up to 365 days) for any time off work after an accident. If it sounds complicated, that's because it is. It's not something many people would do on their own, but luckily there are companies out there that specialize in bottom-line insurance to do all of the legwork for you.

Who can use bottom-line insurance?
Anybody who is looking to save money on their car insurance. Bottom-line insurance is better for younger drivers because they are statistically less likely to be involved in an accident than older drivers.

Bottom line insurance is a great idea, and one that more people should be aware of. If you've already got your auto policy set, you can still call your company and see if they offer bottom-line policies...