Low Mileage Discount
My Insurance Broker
Nov 16th, 2016 at 02:06 pm • Richmond Hill, ON
Why does the amount of time I drive affect my insurance premium?
The less time on the road one spends, the lower the exposure to the risk of claims. Some insurance companies give discounts if you use your vehicle infrequently as it constitutes a reduction in the risk of claims. You may also be eligible for further discounts if your commute to work is shorter than the average.
How much can I save on insurance with low mileage?
Using your vehicle infrequently can classify you for a discount of 3 – 10% on your insurance premium. Contact a My Insurance Broker advisor today to find out if you are eligible.