If you’re like many other consumers across the nation, you are pinching some serious pennies today. In these tough times, everybody is looking for effective methods to conserve some cash. This is one way to hold onto your dollars: give some thought to walking to work or the grocery store rather than driving. You’ll save on gas and get a little exercise-you may also qualify for a valuable discount on your auto insurance rates.
Drive less often, save more Many insurers have what’s referred to as a “drive less, pay less” plan for drivers who accrue lower than average miles on their vehicles every year. Depending on your insurance company, you could cut your premiums up to 18 % in the event you drive fewer than 7,500 miles per year. However, these plans are offered only in certain states. If you’re looking to cut insurance costs, ask your insurance company if you are eligible for this cheaper coverage.
How does it work?
The “drive less, spend less” program can vary with every insurance company. Even though some insurers will take your statement on your yearly mileage, others need proof.
You can also find insurance companies who give increased premium savings-but they carefully keep track of their policy owners. For instance, at least one insurance company demands an OnStar subscription to be on the drive less plan. Although an OnStar membership runs about $19 per month, you could cut up to 54 percent on your car insurance in the event you drive fewer than 15,000 miles annually under this plan. By executing a fast cost benefit evaluation, many times it’s a good idea to spend the additional $19 monthly.
Another insurer provides an alternative to put in a tiny, wireless device inside your vehicle to monitor your mileage and your driving routines. Although it might be strange to be aware that someone is always observing, you can save loads of money with this plan.
If you want to avoid costly car insurance, ask your insurance company if they offer a “drive less, pay less” policy. Else, you may think about changing to a company that has these types of low-cost auto insurance plans.
If you are stressed about uncovering the best car insurance, don’t hesitate to visit our website. Numerous resources are available on obtaining the best car insurance prices.
