Traffic patterns have returned near pre-pandemic levels, but remote and hybrid work arrangements have become the new normal for many, who are now finding themselves driving less often. The U.S. Department of Transportation's Federal Highway Administration reported the average American driver travels 13,476 miles per year. Most insurance companies consider those who drive fewer than 7,500 miles per year to be considered, low-mileage drivers, according to Insurify.com. And for those who are clocking fewer ticks on the odometer, auto insurance companies could provide lower rates. In addition to telematics programs, which can save drivers up to 40% on auto insurance, some policy providers are also leveraging pay-per-mile programs. The above slideshow highlights the five cheapest auto insurance companies for low-mileage drivers, according to Insurify.com research. According to Insurify.com, these insurance providers' telematics programs can offer the following average discounts: |
- Allstate: Up to 40%
- Nationwide: Up to 40%
- Liberty Mutual: Up to 30%
- State Farm: Up to 30%
- Geico: Up to 20%
- Farmers: Up to 15%
Related: |
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
