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You are probably aware that there are a lot of advantages if you are able to either walk to work or take public transport. You can feel good about doing your part to save the environment. If you’re walking, your waistline might start to see a serious improvement. And, most important to many, you don’t have to pay for gas or parking.

A huge reason for a lot of people deciding to leave their cars at home is the money they can save by doing it. But, many of them don’t know they could be saving even more! Many insurance companies will reward infrequent drivers with lower auto insurance quotes.

It’s called a low-mileage auto insurance discount, and many insurance companies are offering it to consumers who own a car, but rarely use it. The logic behind it is, the less you drive, the less risk there is of you getting into an accident. Because you are at a decreased risk, they are able to lower the price of your insurance.

The specifics vary between companies. For some, you qualify for a discount if you drive fewer than 7,500 miles per year. Other companies offer a discount up to 16,000 miles. The amount of savings also varies, but is generally between 10% and 20%. It also works on a sliding scale; the fewer miles you drive, the more you save.

This discount is common for city-dwellers who are able to walk, bike, or take public transit to get to work. It’s also great for people who work from home. If your household has two cars, you might be able to save some money by getting a low-mileage discount on the second; since its not the primary vehicle, there’s a great chance it meets the necessary qualifications. Finally, this is a discount many senior citizens can take advantage of which is great, since their auto insurance rates are otherwise increasing. Most seniors are retired, which means they no longer have to commute to work. When they do drive, it is usually for a shorter distance to the grocery store or to a doctor’s appointment, for example than an extended trip to different city.

If you have to drive to work, you might still be able to get a low-mileage discount. If you live near some of your co-workers, start carpooling. Carpooling is a great option, because it means you will be using your own vehicle less frequently. There are other advantages to carpooling, too. You’ll save money on gas and parking, you can use the carpool lane and beat traffic, and you’ll be taking one small step towards saving the environment.

Because the qualifications differ between companies, its a good idea to shop around and get multiple auto insurance quotes. If one company turns you down for the discount, another might still say yes.

It is necessary to get some form of auto insurance not only to protect yourself from financial damages when your car gets involved in a collision or when you are liable for backing up on your neighbor’s mailbox for example. State requirements for car insurance coverage vary from one state to the next that’s why it is important for you to know the minimum coverage called for by the law.

Before purchasing a policy, getting car insurance quotes from a number of providers in your area is advisable. You should also keep in mind that there are different factors that dictate how much your premium will be. While looking for car insurance quotes, you should also learn the basics of car insurance so you are sure that the policy you will purchase will cover all your car insurance needs.

Every person who drives would need some form of car insurance coverage. When one is purchasing car insurance, you are paying for what insurers call a policy. A policy’s price or premium is based on many factors. Factors such as the type of car you have, your driving record, and your budget will play important roles on which car insurance policy you will get. One has to note that policies are packaged containing different types of coverage and the first step of course is to learn about these various coverage types.

If you are getting the basic insurance requirement called for by your state, you will be paying a minimal fee monthly, quarterly, or yearly. Your premium will go up once you add other coverage types to your basic policy.

Some of the coverage types below are optional while some are required by law depending on which state you are in.

Liability Coverage – This type of coverage covers accidental property damage and bodily injury you caused on others. Injury coverage under liability insurance pays for medical expenses, the other person or persons’ pain and his or her lost wages because he or she cannot go to work due to the injury you have caused. Property damage on the other hand covers for the money needed to pay for damaged property. State laws have a minimum requirement for liability coverage but if you feel that this minimum coverage is not enough, you can always get more.

Collision Coverage – This coverage type pays for collision damages on your vehicle if it gets hit by another car or gets damaged because of an object on the road.

Comprehensive

Comprehensive coverage covers damages on your car that was caused by fire, flood, or other non-collision-related incidents.

Medical Coverage

This type of insurance coverage pays for the medical expenses for an auto accident you are involved in. With this coverage, it doesn’t matter who is at fault. It will be used to cover for hospitalization.

Personal Injury Protection

Personal Injury Protection also known as PIP is required in some areas of the country. It pays for your hospitalization and other medical expenses whether the accident was your fault or not.

Other coverage types to take a look at include uninsured and underinsured motorist coverage and rental reimbursement.

When it’s time for you to start getting some auto insurance quotes and comparing the rates that are offered from the many different companies, there are some things you need to consider to help get you insurance that is affordable and that also meets your needs. Insurance companies will take several factors into account when quoting a price on your premiums.

Age – Your age will always be a factor when an insurance company is considering your premium amounts. The younger you are the more your insurance premiums will be. Anyone under the age of 25 will be required to pay a much higher premium than someone who is 45.

Sex – Your sex is also a factor in what you will pay for insurance. Males pay more than females and that is particularly true if you are a young male seeking insurance. Statistics show that women are in fewer accidents than men are and are just all around safer drivers.

Vehicle type – The type of vehicle that you drive will help in determining what your premium amount will be. More expensive vehicles will always have a much higher premium because it will cost more to have it fixed if it is damaged in an accident.

Vehicle safety features – When getting auto insurance quotes, the insurance company will ask you about any safety features you vehicle has. For instance, your insurance rate will be lower if your vehicle has an alarm system (standard in newer vehicles). This gives the insurance company peace of mind that your vehicle will be less likely to be vandalized or broken into if it has good safety features.

Your location - Where you live has a lot to do with how much you will pay for your insurance premiums. If you live in a more rural area rather than a bigger city your premium should be lower. In a smaller community there are fewer vehicles which results in fewer accidents.

Credit History – Having good credit will help tremendously when you are getting auto insurance quotes. If a company pulls your credit report and your credit is bad, they will charge you more for insurance because you haven’t proven that you can pay your bills on time.

Your driving record – If you maintain a good driving record then your premium will be lower. The more accidents you have been in, the more your premium will increase.

Parking condition - If you park your car in a garage rather than out in the driveway or the street, then your premiums should be lower. An insurance company feels that your vehicle is much less likely to come to harm if it is parked in a garage rather than out in the open. There it is more likely to be hit, vandalized or broken into.

These are things that insurance companies will take into consideration when you start shopping around for auto insurance quotes. Make sure you keep them in mind so that your premiums will be lower.