You might be pleasantly surprised to discover that the number of miles you drive
each year could be the golden ticket to reducing your car insurance premium.
Insurance comps are always curious about your annual mileage, and with good
reason: the less time you spend on the road, the less risk you pose to the insurer. So,
for those who don’t clock up many miles, getting your mileage right could be the
sauce to not only saving money but also enhancing your coverage.
What is Low Mileage?
Low mileage can be a bit of a slippery term, as each insurance provider has unique
criteria. Generally, "low mileage" is classified as driving less than 15,000 miles per
year. Don’t hesitate to check with your insurer about possible discounts if you’re
hovering around that range.
Calculating Your Annual Mileage
Fear not if you’re scratching your head, wondering how to figure out your yearly
mileage. Start by assessing your daily routes – work commutes, grocery runs,
weekend adventures – and tally up the miles. Then, multiply that weekly sum by 52.
You’ve got your annual mileage estimate. Remember, road trips and other long-
distance excursions can add substantial chunks of miles to your total.
Discovering Discounts With Your Insurance Company
You might be wondering if your insurance provider has any low-mileage discounts
up their sleeve. Well, there’s only one way to find out – ask! Of course, not every
company offers such discounts, but some contracts provide pay-as-you-drive
insurance programs tailored to those who clock in between 10,000 and 15,000
miles annually. These programs can be a godsend for infrequent drivers, as
premiums often dip significantly.