#CAR INSURANCE For Low Mileage Drivers
There are several ways that low mileage drivers can save on their auto insurance premiums. Some auto insurance companies give discounts to low mileage drivers. Others have low-mileage auto insurance policies often offered through their telematics program. Still, others have pay-per-mile auto insurance which charge drivers by the mile.
If you drive fewer than 8,000 miles annually, you may qualify for a low-mileage discount from PEMCO or Safeco. Additionally, Safeco caps this car insurance discount at 20%. Many insurance companies, such as Farmers Insurance, Progressive, Nationwide, and Geico, do not advertise a discount for low-mileage drivers. However, that doesn’t mean you can’t get a lower rate or a discount by driving less.
American Family: Drivers with an auto insurance policy from American Family can qualify for a low mileage discount if they drive less than 7,500 miles a year. Safeco offers low mileage discounts to its policyholders who drive less than 8,000 miles a year. As a result, car insurance for low mileage drivers is often much lower than usual. When you take out a quote through us, you can select your annual mileage. As well low miles bringing your premiums down, many low mileage drivers opt for telematics or ‘black box’ insurance quotes too.
If you are a low mileage driver or someone who only drives occasionally, you could be saving money on your insurance premium by purchasing a low mileage car insurance policy. This guide takes you through what low mileage policies are, how they work and who can benefit the most from swapping their regular policy to one of these instead.
Choosing low-mileage car insurance could save you a decent chunk of money. Research from By Miles, a specialist low-mileage insurer, found that motorists who drive between 5,000 and 6,000 miles per year pay an average of £232.59 more for standard car insurance premiums than motorists who drive 11,000 to 12,000 miles a year.
Most insurers don't offer low-mileage car insurance The term “low-mileage car insurance” is a bit of a myth, because most popular insurance companies won’t base your rate on mileage alone. In fact, many insurance companies ask about and consider mileage, but they may not place much of an emphasis on it. Drivers who put less than 7,500 miles on their car each year are eligible for low mileage car insurance. You can save between 10-15 percent with low mileage car insurance rates.
Low-Mileage Discounts The definition of “low mileage" varies with each provider; however, the mileage cap typically falls between 7,500 and 15,000 miles per year. If your annual mileage generally does not exceed this range, you should ask your car insurance company about a low-mileage discount. When to Ask About Low-Mileage Discounts.
Low mileage drivers of all ages are being stung with higher car insurance quotes. For the majority of age groups (drivers aged between 20-64), drivers got the cheapest quote when they estimated driving a high mileage of between 11,000 and 12,000 miles a year, with the highest quotes coming in for drivers estimating 25,000+ miles or under 1,000 miles. It is especially surprising to see this effect even in older drivers, who will in general have many years of additional driving experience.
UK pay-by-mile car insurance provider By Miles ’ analysis of 1.7 million car insurance quotes on comparison site MoneySuperMarket reveals that low mileage drivers (motorists who drive under the UK average of 7,000 miles annually) are paying an average of £180 a year more than those that drive over 7,000 miles each year.
If you’re a low-mileage driver, you’ll have an easier time finding cheap car insurance quotes than a road warrior who spends countless hours behind the wheel. This is because driving less invariably translates into a lower risk of being involved in a car accident, so auto insurance carriers will consider you to be less of a liability.
Here’s The 4 Step Process To Get Best Car Insurance For Low Mileage Driver. Once you sign up for low mileage auto insurance policy with your chosen insurer and pay the premium, the insurance provider will install a “black box” type device in the car which is insured. Your car insurance is calculated based on your annual mileage, as well as a host of other factors If your mileage is very low, a pay-as-you-go, or on demand insurance policy could be cheaper Be honest about your mileage or you could invalidate your insurance Who has a low mileage?
While there is some wiggle room, generally a "low-mileage" driver is considered someone who drives between 0 and 7,500 miles per year. If you've ever received a car insurance quote before, you're usually rated at the standard US average annual mileage of 12,000. Broken down below, you can see how much your premium can change based solely on your annual mileage. This is a general estimate of how car insurance costs change depending on mileage.
SmartMiles is car insurance for low-mileage drivers. It's the same great coverage as a traditional Nationwide auto policy, but with a flexible monthly rate that's based on how many miles you drive. How SmartMiles works. Your rate consists of two parts: a base rate and a variable rate (cost per mile). Because the variable portion of your rate is based on mileage, it will vary month-to-month based on the number of miles you drive.
