Low Mileage? Prove It

Low Mileage? Prove It

Auto - Buying and Insurance

Low Mileage? Prove It

When you take out an auto insurance policy you are typically asked to estimate the number of miles you drive each year. Generally speaking, the fewer miles you drive the lower the risk to the insurer, so most will charge a lower premium if you don’t drive a lot.

But how do you prove your mileage? Insurance companies have started offering discounts to drivers who are willing to attach electronic devices to their cars that verifies the number of miles driven. GMAC Insurance uses the OnStar system to report mileage. Progressive Insurance uses the Snapshot program, a small device you install under your dash. Under the right circumstances, discounts can be up to 30%. The Allstate DriveWise program monitors your speed, noting each time you go faster than 80 miles an hour.

If you are a safe driver who drives relatively few miles, check these programs out – they could save you a significant amount on your car insurance premiums.

What is New

Stock Market

Stocks headlines
Index Last Change
Dow 17032.66 -6.83
Nasdaq 4544.04 11.93
S&P 500 1991.76 -0.61
NYSE 10958.94 -23.89
AMEX 2718.35 -8.85
Input stock ticker 
Or company name