Dropping Mileage Means Lower Insurance Rates for Consumers


Major car insur­ers have announced that dri­vers who get less than 7,500 miles a year are eli­gi­ble for pre­mi­um reduc­tions aver­ag­ing from 10% to 12%. In the State Farm pro­gram, dri­vers can get dis­counts rang­ing from 12% to 18%. Car own­ers who dri­ve more than that but less than they used to may also save on pre­mi­ums, accord­ing to a study by the Con­sumer Fed­er­a­tion of Amer­i­ca. The study says con­sumers could save 5% to 15% by cut­ting mileage enough to drop into a dif­fer­ent rat­ings cat­e­go­ry.