Now that many people transitioned to working from home, it is reasonable to ask if lower car insurance rates can be obtained based on the fewer miles driven. Most car insurance companies offer low-mileage discounts, but these discounts vary wildly, and often require an installation of a mileage tracking transmitter. Mileage is not the only factor that determines the premium, and it is typically a relatively low influence factor on what you actually pay. Pay-per-mile options are not your regular low-mileage discounts. These programs rely on telematics and other data collected from your vehicle. Different providers collect different information which is not only limited to the number of miles driven, but also includes your driving habits, triggering privacy concerns expressed by many consumers. Whichever option you choose to pursue, it is always advisable to shop around and obtain quotes from different providers.
- People now working from home because of the coronavirus might be spending money on car insurance that they no longer need.
- You might be able to negotiate with your insurance for lower rates because you’re no longer driving as much.
- Read on to learn about insurance rates for low mileage and see if you qualify.
“Some car insurance companies, but not all, will lower insurance rates based on your number of miles.”