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Car insurance: What are the benefits of reducing your mileage?

Neolexus

By Neolexus
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Neolexus Member

Neolexus

Posted
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If your vehicle's estimated mileage is higher, insurers can charge higher premiums. Consider reducing your annual mileage and provide accurate details to the insurer. Presenting inaccurate details regarding mileage may jeopardise your eligibility to receive a payout in the event of a claim.

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  • 2 months later...
JuliaMarie321 Newbie

JuliaMarie321

Posted
Posted

Yes, since I have retired I drive much less than when I was working. I reported this to my insurance agent and I now am covered as a "pleasure" driver. I received a deduction on the cost of my premium. 

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