Save Money on Your Auto Insurance with a Low Mileage Discount

Auto insurance can be a costly expense if you do not know how to get a discount. While there are many types of discounts available for auto insurance, there is one that you might not know about - the low mileage discount. Depending on how many miles you drive each year you may be eligible for a low mileage auto insurance discount that could save you 10 percent or more on your auto insurance premium.

Most auto insurance carriers offer a low mileage discount to consumers. If you are interested in getting a low mileage auto insurance discount, you will likely need to inquire about it first. The specific qualifications for the low mileage discount tend to vary slightly from one insurance company to the next.

Typically when you get an auto insurance quote the price you are given is based on the primary driver driving at least 10,000 miles each calendar year. If you drive less than 10,000 miles each year you should let your insurance agent know. Some insurance policies require you to drive as little as 5,000 miles each year to qualify for the low mileage auto insurance discount. While other insurance policies set their low mileage auto insurance discount at 7,500 miles. The industry average is 7,500 miles for the low mileage auto insurance discount.

Some auto insurance companies may require you to get certified odometer readings periodically to ensure that you are staying under the required mileage for the low mileage auto insurance discount. At least one major insurance carrier requires you to have a GPS system that transmits your mileage to the insurance company to confirm low mileage compliance. To know the specifics of your insurance carrier, be sure to ask your auto insurance agent about their low mileage discount and how you can qualify.