Does Mileage Affect Car Insurance?
The impact of mileage on your insurance rates is a common concern for many drivers. There is no shortage of vehicles on the road that have a lot of miles on the odometer. However, the good news is that the number of miles you have on your car does not have an impact on your insurance rates.
When it comes to the number of miles driven, insurance companies are mainly concerned with the number of miles you drive as part of your commute because they want to assess your level of risk of getting into an accident. Obviously, the more time you spend on the road, the higher the odds are that you will get into an accident. This is also why many insurers offer discounts for drivers that drive a low number of miles each year; they have a lower risk of getting into an accident.
So, you can breathe easy if your car is getting up there in terms of how many miles you have on the car. This factor will not hurt your insurance rates. However, if you want to be on the safe side, talk directly to your insurance broker to fully understand how our insurer approaches this subject.
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