Car insurance companies typically offer discounted rates to low-mileage drivers. To find the lowest rates, it is important to update your policy regularly. The top companies for low-mileage users are State Farm, GEICO, Nationwide, Allstate, and Progressive. These companies all offer discounts to policyholders who drive less than 7,000 miles a year.
Low-mileage users also benefit from lower fuel costs and a smaller carbon footprint. Compared to high-mileage drivers, low-mileage drivers can save a lot of money on car insurance. Getting quotes from multiple companies will help you choose the best one for your needs.
Low-mileage drivers typically drive less than 13500 miles a year and average less than 37 miles per day. Some insurance companies will even offer lower premium rates to those who drive less than this amount. It’s important to talk to your insurance agent or company about low-mileage discounts.
Low-mileage car insurance rates differ depending on the state and company you use. Most companies base their premiums on average annual mileage. For instance, drivers who drive fewer than 7,500 miles a year will pay nearly seven percent less than those who drive more than that. In selected states, this disparity is even greater.
Low-mileage drivers who want to save on car insurance may want to try carpooling with coworkers or working from home. These practices will help lower their insurance costs because they’re less likely to be involved in traffic accidents. Also, since they’re driving less, they’ll likely have fewer accidents and fewer insurance claims, which will help save money.
A low-mileage discount can make a big difference in your car insurance costs. Many insurance companies also offer discounts for using public transportation. If you drive less than the national average, your premium will be lower as well. You’ll have to adjust the insurance options, deductibles, and other factors to get the lowest possible rate.
In addition to low-mileage discounts, car insurance for low-mileage users may also be available to people who are new to the driving world. Many car insurance companies have policies for new drivers, while others require that you have been a policyholder with them for a specified number of years. Insurers also differ in how often you must drive your car before you qualify for a low-mileage discount.
Mileage-based insurance programs may offer low-mileage users discounts, but these discounts are often not guaranteed. You may be eligible for a discount if you drive less than 5,000 miles per year, but the rates are not necessarily lower. You might also be eligible for a UBI program if your insurer uses telemetric data to set your rates.
Alternatively, you could opt for a pay-per-mile insurance program that tracks your driving habits and charges you based on the amount of miles you drive. For example, Nationwide’s Smart Miles program allows you to pay a fixed amount based on your driving habits. The cost of miles driven is calculated through a company-provided device. You can also enroll in a program like Snapshot (r) from Progressive.