Automotive News

If you’re like countless other consumers in the United States, you’re probably trying to cut back wherever feasible. In these difficult economic times, almost everyone is trying to find imaginative ways to save some bucks. This is one way to hold onto your cash: give some thought to walking to the office or even the grocery store as opposed to driving. You’ll cut gas costs and get some physical activity-you may also qualify for an invaluable price reduction on your auto insurance rates.

Reduce miles driven, Save premiums Many insurance companies offer what’s referred to as a “drive less, pay less” plan for drivers that drive fewer than typical mileage on their cars every year. Dependent on your carrier, you could save as much as 18 % if you drive under 7,500 miles per year. However, these kinds of plans are offered only in certain states. If you’re seeking to conserve cash, ask your insurance company if you are eligible for this cheaper coverage.

How does it work?

The “drive less, pay less” policy differs with each and every insurance company. Even though some insurers will take your statement on how many miles you drive annually, others need proof.

You can also find insurance companies which provide you with increased premium savings-but they closely observe their policy owners. For instance, at least one carrier demands an OnStar subscription to be on the drive less plan. Though an OnStar subscription costs about $19 a month, you could save as much as 54 % on your auto insurance in the event you drive less than 15,000 miles annually under this plan. If you perform a quick cost benefit analysis, you may find it is a good idea to spend the extra $19 monthly.

Another insurer provides an alternative to install a tiny, wireless unit in your car to watch your miles driven as well as your driving habits. While it might be a little strange to be aware that “Big Brother” is always watching, you stand to save loads of money with this plan.

If you wish to steer clear of expensive car insurance, ask your insurance company if they provide a “drive less, pay less” plan. Else, you should consider moving over to some carrier which has these types of low-cost car insurance.

If you are worried about finding the best car insurance, don’t delay to stop by our website. Numerous guides are available on obtaining the best auto insurance prices.