Drive Less To Lower Auto Insurance Costs

December 21, 2016 · Posted in General Articles on Car Insurance 

If you’re just like countless other individuals across the nation, you are attempting to cut back wherever feasible. In these tough economic times, everyone is searching for creative approaches to conserve some bucks. This is one method to cling onto your money: think about walking to work or the grocery store as opposed to taking the car. Not only will you save on gas and get some workout-you also may qualify for a valuable price reduction on your auto insurance rates.

Drive less, save more Many insurers have what’s known as a “drive less, spend less” plan for motorists who drive fewer than common miles on their vehicles each year. Based on your insurance company, you could save up to 18 % in the event you drive fewer than 7,500 miles per year. Nonetheless, these types of plans are available only in a few states. If you are trying to conserve cash, ask your insurance company if you might be qualified to apply for this cheaper coverage.

How does it work?

The “drive less, pay less” program differs with each and every insurance company. While some insurers will accept your word for it on how many miles you drive each year, some others demand evidence.

You can also find insurance companies who give even larger reductions-but they closely observe their policy owners. For example, at least one carrier expects an OnStar membership to sign up on the drive less plan. Though an OnStar membership runs about $19 monthly, you could cut as much as 54 % on your auto insurance should you drive fewer than 15,000 miles per year under this plan. By executing a fast cost benefit study, many times it’s worth the extra $19 per month.

A different insurer offers an alternative to put in a tiny, wireless device inside your car to monitor your mileage as well as your driving habits. Although it may be strange to be aware that someone is constantly observing, you can save loads of cash with this plan.

If you want to steer clear of costly car insurance, talk to your insurer if they have a “drive less, pay less” plan. If not, you may consider switching to some carrier that offers these inexpensive car insurance.

 

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