The discount can be based on specific driving. The State Farm low mileage discount is available to drivers who do not travel more than 7500 miles per year. The amount of the discount varies depending on your driving record, the make and model of your vehicle, where you live, and other factors. Keep in mind that the maximum mileage requirements are different for each company, so you may qualify for a discount with some insurance companies, but not with others.
For example, mileage information is only used to calculate discounts for customers in Maryland and New York, while customers from other states could see their good driving habits rewarded with a discount. If you drive less than 7,500 miles per year, ask your insurance company if they offer discounts for low mileage. Talk to an insurance agent or other representative to ensure that all eligible discounts apply to your premium, including discounts for reduced miles. Your final auto insurance premium will be based on many different factors unique to each driver that may vary between insurance companies.
Some UBI insurance companies, such as Metromile and Root, allow drivers to pay for their insurance as they earn miles. You can get a State Farm safe driver discount if you participate in the company's optional Drive Safe & Save program. You can also save money with a “multi-car discount” if you insure all your cars with the same insurance company. Consumers can also save money if they inform the insurer of any new conditions that may affect the nature of exposure to insurance, such as when a young driver in their family leaves home or if a young driver is going to college more than 100 miles away and doesn't drive the car.
Auto insurance for people who don't own State Farm cars is a good investment for drivers who often borrow or rent cars, or for those who need to file an SR-22 or FR-44 with their state to prove that they have insurance. In addition, as stated above, the savings in dollars derived from any discount required by law must be indicated on the return page or in an annex to it of your policy. Low mileage discounts can help you save money, but your insurance company doesn't automatically give them to you. Because the actual amount of these discounts may vary between insurers, ask your insurance company, agent, or broker about any discounts that may apply to you.
While taking advantage of a low mileage discount may save you some money, there are more effective ways to lower your car insurance premiums and find the cheapest coverage options. Since rates tend to be higher for young drivers, young drivers should learn about the “road training discount” offered by many insurers for those who have taken driver education classes. To get car insurance with a few miles, you need to understand if you qualify or not and actively seek a discount by following these steps.
