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How does the number of miles driven each year affect premiums?


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2015-07-15 19:47:35
2015-07-15 19:47:35

Well, the more miles your car spends on the road, the more opportunities there are for you to hit someone, for someone to hit you, etc. Therefore, you should expect the *possibility* that your premium will be higher the more miles you expect to drive.

Although there may be a surcharge for people with high mileage, it is meaningless. Where you live is far more important.

Case in point: I had a 40-mile daily commute, which dropped to zero when I moved from the suburbs to the city. My apartment was literally 100 yards from my job (on the same side of the street, no less). My premium DOUBLED, despite the fact that the car was driven 90% less than before. Yes, I shopped around, and no, it didn't help.

With zero commuting miles, the car was parked 100 yards away from where it would have been parked anyway. My apartment parking lot had 24-hour security and video surveillance while my employer had neither. I drove the car to all of the same places I drove before, but they were now closer, so I drove less. If you move from an urban area to a rural area, you will probably get a HUGE DISCOUNT no matter how many miles you drive! My experience is in Connecticut; your actual mileage may vary.

I got the message and moved back to the suburbs. Now I have an 80-mile commute and I pay less than ever before! Am I worried about the high cost of fuel? Why should I be? My insurance company loves the fact I drive so much. They like it so much, they even pay for the gas!

In Connecticut, your zip code seems to be much more important than how much you drive, the type of car, your age, gender, or driving record. I could probably insure a Corvette (and maybe even hit a few people) before my premiums went back to what they were before.


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