Liberty Mutual does not offer discounts for low miles. No, Liberty Mutual does not offer specific discounts for low miles. However, Liberty Mutual premiums do take miles into account, since rates are an average of 26% lower for customers who drive 7,500 miles a year than for customers who drive 15,000 miles a year, according to data from WalletHub. In addition, if you have a car that doesn't travel more than 7500 miles per year, you may qualify for a discount for limited-use or low-mileage vehicles.
Discounts and their availability may vary by state and eligibility requirements. Not all vehicles or drivers are eligible for discounts. State Farm Mutual Auto Insurance Company State Farm Compensation Company in Bloomington, IL. How much can you save with Milewise? The average Milewise driver saves 30 to 40% compared to a traditional policy.
With Liberty Mutual's ByMile program, you only pay for the car insurance you need. A telematic device records the number of miles you drive and then bases your fare on the number of miles you traveled in the previous month. According to Liberty Mutual, ByMile users save an average of 25% compared to a traditional auto policy. Liberty Mutual offers a loyalty discount to policyholders who continue to be reinsured with the company year after year.
Especially if you have a fixed income, the money you save with a discount on low-mileage car insurance could make a big difference in your life. Liberty Mutual offers more than 14,000 employers, credit unions, alumni associations and groups the chance to get substantial discounts just because they are part of that group. Companies sometimes offer you a lower car insurance rate or offer you a discount if you don't drive much, as this reduces the risk of having an accident and of having it cost them money when filing a claim. He has spent many hours helping his customers understand the insurance market so that they can find the best auto, home and life insurance products for their circumstances.
Yes, Liberty Mutual insurance rates are competitive for certain drivers, including teens and college students. If you insure multiple cars, you can receive a discount of up to 10 percent on all cars in your household. To get low-mileage car insurance, you often have to tell your insurer how many miles you drive per year or let your insurer track how many miles you drive per year. In addition to offering lower premiums for drivers with low mileage, Liberty Mutual offers discounts for students, without accidents and without violations, among others.
These are the best discounts on car insurance with low mileage and the companies that can help you save money if you don't drive much. While some auto insurance companies take your word for it that you drive less than 7,500 miles a year and offer you a lower rate or discount as a reward, many require you to prove that you're driving with low mileage. To stay competitive in a constantly growing market, Liberty Mutual offers many other discounts to try to keep insurance premiums as low as possible. To qualify for the Liberty Mutual multi-car discount, the customer must insure more than one vehicle with the same Liberty Mutual auto insurance policy.
For example, if you insure your vehicle and home with Liberty Mutual, you can get up to 10 percent off your insurance premium.