Consider pay-per-mile insurance if you don’t have a commute or drive very often. Insurance companies typically consider you to be at lower risk of getting into an accident since you’re not on the road as much. As such, they might reward you with a lower insurance premium. 5. ...
Car insurance can affect you in surprising ways—from impacting your privacy to draining your wallet. Learn what to look out for and how to get the best coverage.
The amount of liability insurance in a policy is typically written as three numbers that represent the coverage for bodily injury per person and per accident, and for property damage per accident. For example, California's minimum required liability insurance can be written as "15/30/5," which...
What is pay-per-mile insurance? With pay-per-mile insurance, drivers are charged a base rate plus a per-mile rate to determine their monthly premium. Who it may be good for: May be a great fit for drivers who rarely drive and/or drive far less than the national average ...
3 WAYS TO GET CHEAPER CAR INSURANCE RATES Who should opt for pay-per-mile car insurance? Generally, you should only ask for a pay-per-mile insurance policy if you are an infrequent driver. As a rule of thumb, drivers who drive less than the national average of 12,000 miles per year ...
When you’re shopping around, consider providers that havecar insurance discountsapplicable to you. For example, State Farm has a student discount of up to 25%, which is better than any other top provider’s student discount. Also, considerusage-based insuranceor pay-per-mile programs if you...
Pay-per-mile car insurance not available Who's this for?Geicooffers a generous 25% discount for insuring more than one vehicle, which can be helpful if your teen has her own ride. If the car is under three model years old, you could be eligible for a 15% new-car discount. ...
Standout benefits:Nationwide's SmartMilespay-per-mile car insuranceplan can save retirees and other infrequent drivers hundreds of dollars a year over a traditional policy. It comes with a 10% discount at enrollment, plus more savings if you demonstrate safe driving behavior. ...
adds that many carriers offer pay-per-mile insurance programs targeted to low-mileage drivers, which can result in significant savings. Granted, some major insurance companies, such as Progressive, don’t offer these programs, but others, such as Metromile, specialize in pay-per-mile insurance. ...
Car Insurance Premium Cost The table below contains annual premium estimates from 10 major national and regional insurance providers. You may find different premiums depending on your situation. These estimates don’t factor in discounts or other programs like usage-based and pay-per-mile insurance....