Discounts are available for cars that aren’t driven very far every year.
When buying auto insurance or renewing a policy for a vehicle that has low mileage, it is important to discuss this trait with the agent or company representative as discounts may be available.
Many policyholders miss this opportunity for significant savings every month.
It is important to note that not all auto insurance companies offer this opportunity. That said, many do have discounts for low mileage cars, so owners of these vehicles are being advised to speak with their insurers and to obtain some comparison quotes in order to make sure that they are, indeed, paying the lowest rate for the coverage they need.
Auto insurance for vehicles that are rarely driven can be much cheaper due to decreased risk.
The risk associated with cars that don’t leave the garage or driveway very often is notably lower, simply because there isn’t as much opportunity for incidents to occur. The less time the vehicle spends on the street, the lower the chances of a crash. When a policyholder identifies this low use factor to their insurer, it can mean that special discounts will be offered.
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The easiest way to find out where the savings will be available is by speaking with a local or regional auto insurance agent. You can also obtain your own quotes by using a comparison website or by visiting potential insurer websites individually for quotes. Often, an agent will provide you with an advantage, as he or she will be able to spot additional discounts that may not have been identified online.
These auto insurance discounts may also increase if you choose to insure a second vehicle with the same company. Regardless of whether or not that additional car is also low mileage, there may be a multiple policy discount available that will allow you to decrease your premiums for protecting both vehicles.
The discounts for low mileage will take a number of different factors into account. This will include the number of miles driven every month or year, as well as the location of your residence and where you are employed (geographically), if the auto insurance is to cover a vehicle used for your commute.