There’s lots of talk these days that many people who began working from home because of the COVID-19 pandemic will not be returning to the office, at least not in the way they previously had been. All across the world, working from home has increased. The implications of this major shift in the typical work environment is bringing major changes with it. One of those is the amount of time people are spending commuting to work in their cars. So, can you lower your car insurance if you work from home? Possibly. Let’s take a look at how this might work for you.
Working from Home and Your Car Insurance
One of the major factors used by insurance companies to determine your car insurance rates is how much you drive. It seems logical that the more you drive, the more likely you are to have an accident. The annual mileage driven with your car gives insurance companies a good place to start when setting your rate. From there, of course, you want to make sure you are taking all the discounts available to you. One of those could be a low-mileage discount for working remotely.
Another option might be to go with a car insurance company that offers usage-based, otherwise known as pay-per-mile, auto insurance.
What is Usage-Based Auto Insurance?
With usage-based car insurance you may see a drop in your rates if in fact you are driving less. The way the insurance company can tell how much you’re driving is by using an app or a device attached to your car. The information gathered includes how many miles you drive but also other information about your driving habits, such as your speed and your braking habits. If you are a low-mileage, safe driver you could see discounts from 20% to 30% with usage-based auto insurance.
What is Low-Mileage Car Insurance?
On the other hand, there is low-mileage car insurance, which is actually a discount to your regular car insurance rather than an alternate type of insurance. If you are a low-mileage driver, you could see a discount anywhere from 5% to 10% if you drive less than 10,000 miles per year.
Is it worth it? Anytime you can get a discount on your car insurance rates, we feel it’s worth it. And, more importantly we know that the best way to make sure you are not paying more for car insurance than you have to is to shop around.
When you’re ready to save money on car insurance, InsuranceWins is a good place to start. You’ll receive auto insurance quotes from well-known insurance companies so that you can compare your options and see who can provide the best rate and discounts so that you can reduce your car insurance costs. Get started anytime with our convenient online form.