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Drive Less To Lower Car Insurance Rates

If you’re like countless other people in the U.S., you are pinching some serious pennies today. During these difficult times, almost everyone is trying to find imaginative ways to save some money. This is one way to cling onto your money: think about walking to your job or the grocery store rather than driving. You’ll save on gas and get a little exercise-you may also be eligible for an invaluable discount on your car insurance rates.

Drive less often, save more Many insurance companies have what’s known as a “drive less, pay less” insurance policy for motorists that drive fewer than typical miles on their vehicles every year. Based on your insurance company, you could reduce your rates up to 18 percent if you drive fewer than 7,500 miles per year. However, these kinds of plans can be obtained only in certain states. If you’re trying to cut insurance costs, talk to your insurer if you may be qualified to apply for this low-cost coverage.

How does it work?

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The “drive less, spend less” policy varies with each insurance carrier. Even though some insurance companies will accept your word for it on your yearly mileage, some demand evidence.

Then there are those insurers who give even larger discounts-but they carefully keep track of their insureds. For example, at least one insurer requires an OnStar subscription to be on the drive less plan. Even though an OnStar membership costs just $19 monthly, you could cut up to 54 percent on your auto insurance in the event you drive fewer than 15,000 miles a year under this plan. If you conduct a fast cost benefit study, you may find it is worth the additional $19 monthly.

Another insurance company has an option to put in a tiny, wireless unit inside your vehicle to monitor your mileage and your driving habits. While it might be somewhat nerve wracking to grasp that someone is constantly watching, you could save loads of cash with this plan.

In order to avoid expensive auto insurance, you can ask your insurance company if they provide a “drive less, pay less” plan. If not, you might think about switching to a company that has these types of low-cost auto insurance policies.

If you are worried about uncovering the best car insurance, don’t hesitate to stop by our website. Lots of resources are available on obtaining the best car insurance prices.