Most of us need to pay for auto insurance if we drive. But there is not any reason for you to pay more than you have to pay. If you have not changed your policy recently, you may not be getting every price break you could. Many top insurers now offer price breaks for those people who do own cars, but just do not drive them very often! Lots of people do not even realize they could take advantage of this.
Consider the insurance company perspective. Drivers who only drive about half of the average amount of miles per year, also probably reduce their risk of having an accident. A soccer mom who only goes to the grocery store or ferries kids to games, probably does not run the same risks as her neighbor who commutes on the freeway every day. Many more people are trying to reduce the mileage they put on their vehicles to be more “green”, save money, and save time. These people are starting a trend by becoming low mileage drivers.
Some of the top auto insurance companies are reporting a low mileage discount of 10% TO 18%. If you spend $200 a month on your auto policy, this saves you hundreds of dollars every year. In addition to saving money on gasoline, wear on your vehicle, you can also save money on your insurance premiums!
One innovative company even improves upon this. They will provide an electronic unit that can be installed in a vehicle. This unit records mileage. It also tells the insurer how the car is driven by recording speeds, and the way the car is stopped and started. This data allows an insurer to offer even bigger discounts.
Have you checked your own policy to make sure you are getting a low mileage auto insurance discount? Do you think you are qualified for a program like this? Check with your company, and if they do not have a program to reduce your premiums, you could always check around for a company who does!
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