Do You Drive Less Than 50 Miles a Day? Read This
Driving is a necessary skill that many millions of people in the United States have built into their repertoire. The ability to reliably transport yourself and anything that you might need to bring along with you is a crucial feature for those living in suburban or rural areas. As well, many city dwellers also own and maintain vehicles for their daily commutes or for longer trips during their weekend downtime.
For many, driving is a means to an end, and that means short commutes every day or on alternating days. The truth is that there’s a new rule for drivers who drive less than 50 miles a day, and it’s a necessity for keeping costs low and your peace of mind at maximum. The savings that are possible for drivers who only use their cars sparingly are huge. If you only drive a few miles every day to work or around the town for minor tasks and errands, taking advantage of your insurance company’s savings schemes is a great way to free up additional capital for other expenses, savings plans, and needs. Read on to find out how you can save big on your insurance if you’re a driver who doesn’t spend hours on the road each and every day.
Mileage is a key indicator of risk.
While the distance you drive isn’t necessarily an indicator of the type of driver that you are, it does predict a different sort of metric that is crucial when considering the actuarial numbers involved in mapping out an insurance policy. The longer you spend on the road, the higher the risk of an accident involving you becomes. This is just simple math, really, considering that most accidents are just that: accidents. There are millions of car accidents on U.S. roads every year, and the average driver will be involved in one roughly every two decades.
The correlation is simple. Just like scuba diving, football participation, and jobs that require extensive use of typing, the more time you spend doing something, the higher the chance you’ll experience an event that’s intimately related to the activity. Scuba divers are more likely to experience water-based injuries than those who have never descended into the sea, football players receive more concussions than chess players, and report writers develop carpal tunnel more often than teachers. While none of these is a definite conclusion, the statistics speak for themselves: The more often you place yourself in a situation that can result in a specific outcome, the more likely that outcome is.
The same is true for road-based troubles. The more often you and your car are traversing the highways, the more likely it is that you’ll need to replace a tire, clean the windshield, or deal with the aftermath of a car accident.
Auto insurers reward good drivers and those who offer themselves as a low risk.
Auto insurers know that this correlation exists and often offer reduced rates for those who pose the lowest risk level to them. Insurance companies are in the business of making money (just like any other corporate enterprise) and will charge the highest rates to those who are statistically more prone to an insurance claim or a car accident that is their fault. Mileage is a great indicator, just like a history of accident-free driving. Auto insurers are quick to offer their insured drivers better insurance premiums and enhanced benefits in order to bring in greater assurance that they won’t be on the hook for a payout in the near future.
For low-mileage drivers, the ability to reduce rates with an insurance company is something that can translate into greater financial freedom. You can’t afford to skip out on these great discount options.
