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Low mileage car insurance

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Low mileage car insurance
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There are many reasons why you may be able to cover fewer miles in your car than the average driver, whether your car is a second vehicle or if you are retired and just use your car as a detour. You can also look for low mileage if you own a classic car that only comes for shows or sunny weather, or if you are a college student who only drives during the holidays.
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How to estimate your mileage?

You may find it difficult to estimate how many miles you will drive in a year as you will need to inform your insurer in advance before taking out the policy. But it’s important to be as accurate as possible so you can get the right price and make sure you’re covered.

The average driver travels about 8,000 miles a year, but don’t assume you do. Mileage can vary greatly depending on whether you use your car for commuting and long journeys, or if you only drive occasionally.

The most accurate way to determine your average mileage is to check your previous MOT or service certificates, as they list your car’s mileage every year. On the basis of these figures you can then calculate how many kilometers you drive on average per year. If your circumstances have changed, for example if you drive to a different workplace, you must take this into account.

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Low mileage car insurance

Low mileage car insurance

Your insurance premium is determined by many factors, but insurers usually base the price on what you are at risk of making a claim, such as your driving experience, whether you have had any accidents in the past and how many miles you drive. The logic is that the more time you spend on the road, the more likely you are to have an accident, so you might think that driving fewer miles means paying less for insurance.

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However, based on past accident data, some insurers can take into account that drivers with very low mileage may also be less familiar with the road and therefore more likely to be involved in an accident.

You might assume that by giving your insurer a low estimate of annual mileage, you’ll be able to reduce the cost of your premium – some dishonest drivers may even be tempted to offer a lower mileage than they actually intend to cover. It is important to note that making an unfair statement to your insurer is considered insurance fraud and will invalidate your coverage. Because of this illegal practice, many insurers do not take into account if you enter a very low mileage when requesting a quote, and offer you a price based on a higher mileage. Unfortunately, this makes it more difficult to get cheap insurance if you are a really low mileage driver.

Fortunately, there are some insurers that offer specialist low mileage policies, while others offer a low mileage discount if you only cover a limited number of miles per year. You may also want to consider pay as you go insurance.

Pay as you go insurance

Some types of insurance, most commonly: black box based, then especially emphasize the number of kilometers you drive when calculating the costs of your premium. These so-called pay as you go auto insurance policies can be a good option if you don’t drive many miles per year. Some insurers will set a limited mileage for which you are covered, and you can then “top up” in blocks of 1,000 miles or so to ensure you are covered if you exceed your originally expected mileage. You can learn more about pay as you go insurance in insurance this guide.

Compare car insurance

No matter how many miles you drive in a year, it’s important to consider all your options to ensure you get the right coverage for your needs. If you shop around on a price comparison website like Uswitch, you can compare different coverages side by side and find the cheapest deal. Get started by entering your vehicle details below:

The post Low mileage car insurance appeared first on Notesradar.

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