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Are you paying the same amount for your car insurance every month? If you go days or even weeks without driving, don’t you think it’s unfair to be billed constantly? Well, worry no more. There’s a whole new solution that can calculate your monthly premiums only based on actual the miles you’ve driven. This is indeed a great news for low-mileage drivers out there.
How You Can Save Money with Pay Per Mile
The chances of encountering an accident would also depend on how often you hit the road. Pay-per-mile insuranceis indeed a fair policy that can help drivers pay just for the right coverage that fits them. Pay-per-mile insurance involves a wireless device which is hooked up to your vehicle in order to measure the extent of your drive. There are a lot of Pay-per-mile insurance programs around, and they just basically differ in terms of pricing. Every mile typically costs a few cents. So for example, if you just drive 200 miles monthly and your rate is 5 cents for each mile, you’ll just be charged $10. You can even enjoy a discount if the system has labelled you as a safe driver since there is also a built-in system that tracks your driving habit.
Drivers Who Can Best Use Pay per Mile Service
The people who can mainly take advantage of the Pay-per-mile insuranceare those that drive less than the overall annual average of 12,000 miles. If you don’t frequently use your car or just regularly drive at short distances, this program can really save you a ton. It can save you up to 30%. In the US, 65% of drivers are actually low-mileage. To check if you belong to this category, check your vehicle and see your odometer. If your approximate annual miles driven is 10,000, you are certainly a candidate.
If your driving pattern is not consistent and you can’t set an estimate, think about how frequently you use your vehicle every week or month. Do you spend a lot of time in traffic or driving to the city? Do you just use your auto occasionally during road trips? If you do long yet infrequent drives, you can still possibly be considered a low-mileage driver.
What You Should Consider
You need to consider that your driving habits matter here. If you don’t pay attention to how you drive, it can make you end up paying more. However, there are programs that do not track how you drive. You need to find the service provider that can suit your needs. Find one with better pricing, personally agreeable terms, 24/7 customer services, great discount programs, fast processing, etc. Know what you need and find one which can best meet your requirements.
Generally, using the Pay-per-mile insurance can really help you save cash. However, it’s exclusively beneficial for infrequent drivers. Most importantly, check the provider who operates in your area. Do your homework in looking for the right insurance provider. You can visit comparison sites like Seguros to compare the rates of different insurance providers around.