When it comes to mature drivers, some car insurance companies offer discounts for drivers age 50 and older to help maximize their savings. No, The Hartford does not offer specific discounts for low miles. However, Hartford premiums do take miles into account, since rates are an average of 21% 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. The State Farm low mileage discount is available to drivers who do not travel more than 7500 miles per year.
The amount of the discount varies depending on your driving record, the make and model of your vehicle, where you live, and other factors. Some UBI insurance companies, such as Metromile and Root, allow drivers to pay for their insurance as they earn miles. In addition, The Hartford rewards customer loyalty with discounts for insuring more than one car and for combining several policies, such as home and car policies. To qualify for The Hartford's multi-car discount, a customer must insure more than one vehicle used for regular driving with the same The Hartford auto insurance policy.
We look at auto insurance companies and consider the discounts and insurance products available when choosing the best insurance providers for older drivers. Drivers can save money by purchasing car insurance with low mileage, but there may be better ways to reduce car insurance costs without adjusting mileage.