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Low Mileage Discount

Auto Insurance Discounts Expained

By Derek Visser  •  My Insurance Broker
November 15, 2016  •  1 minute read

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 adviser today to find out if you are eligible.

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