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Most drivers are not offered significant price breaks for cutting down on their driving, Consumer Federation of America (CFA) reported today.
Infrequent drivers are at a lower risk of being involved in an accident, and may therefore enjoy low-mileage discounts.
Someone who has a long commute to work may pay more for insurance than someone who only uses their vehicle to run errands on weekends since more miles behind the wheel mean more exposure to risk.
It's a waste of everything dealing with m, so try to contact other companies!Act now and get 5 off 100 orders!Among the twelve cities tested by CFA, only drivers in Los Angeles, California saw consistent savings for lower mileage driving, with premiums dropping by an average.7 for every reduction of 5,000 miles per year and very low-mileage drivers paying 30 less than very.6 Off 150 Order With Coupon Act now!And, in a study matching mileage readings collected during emission checks in the Vancouver area with insurance claims records for more than 500,000 vehicle-years, Todd Litman of the Victoria Transport Policy Institute found that increasing mileage from less than 5,000 kilometers/year to 20,000-25,000 km/year doubled.Farmers: Driving less could save you a bundle not only on gas but also on your premium.A 2012 Wharton School Working Paper The Use of Annual Mileage as a Rating Variable by Jean Lemaire, Sojung Park, and Kili Wang in concluded that annual mileage is an extremely powerful predictor of the number of claims at-fault.Get coupon code How to Get Groupon Bucks from Coupons Find Eligible Coupons Sign in and look for coupons that give you Groupon Bucks when you use them.Precisely how much premiums should fall when a driver decides to carpool to work instead of always driving themselves is a reasonable actuarial exercise but charging the same amount to a 5,000-mile driver and a 20,000-mile driver is undeniably unfair, said CFAs Hunter. New research found that in the 11 cities tested outside of California, the nations largest auto insurers generally offered little or no premium reduction to low-mileage drivers compared with high-mileage drivers, even though insurance research indicates that how much you drive is among the most.
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