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Car insurance company asking for annual mileage - Why?
Posted by: haveaminute2, April 17, 2016 02:08AM

My car insurance company is requiring that I fill out a mileage and usage questionnaire including current odometer reading and estimated annual mileage. They said it “will help ensure that the next premium is accurate.” If they don’t receive it back, they will calculate auto premiums based on the estimated annual mileage of 12,000/yr.

Is it better for me to have lower or higher mileage, as far as the keeping the cost of my premiums down?

Re: Car insurance company asking for annual mileage - Why?
Posted by: SC, April 17, 2016 03:16AM
A car that travels fewer miles generally has a better insurance rate. However, as you include your Odometer reading each year on some policies any error this year will correct next year when the new odometer reading is used.

Re: Car insurance company asking for annual mileage - Why?
Posted by: tomd37, April 17, 2016 12:25PM
My auto insurance rates decreased significantly when I retired fourteen years ago. I went from driving 15,000 miles per year to 5,000 miles per year. Most of that mileage was commuting to and from work. Less time on the road means less chances of an accident.

Tom D.



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