What is the best mileage for car insurance?
Asked by: Mr. Raphael Haag | Last update: April 23, 2025Score: 4.4/5 (47 votes)
How much mileage is good for insurance?
According to KBB, insurers typically offer insurance discounts for low-mileage drivers who log less than 7,000 miles annually. The average American drives 13,476 miles per year, according to the Federal Highway Administration's 2022 report.
What is the best mileage to put on car insurance?
In general, you'll see the most savings if you drive less than 5,000 miles annually. According to Insure.com, someone who drives 10,000 miles annually will pay 4% less than someone who drives 12,000 miles. Driving 7,500 miles annually could reduce your premiums 10% compared with driving 10,000 miles.
Does higher mileage increase insurance?
Drivers who clock more miles than the average — about 12,000 miles per year — pay more for car insurance because of the heightened risk of being on the road more often than a low-mileage driver. The odds of a high-mileage driver getting into an accident are higher.
How many miles a year for cheaper insurance?
In California, where insurance companies can only rate policies based on insurance history, marital status, ZIP code and driving experience (including annual mileage), drivers saved 32% on their insurance for halving their mileage from 15,000 to 7,500.
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How much should I increase my mileage?
Regardless of your previous experience with mileage, all runners should follow the general 10- to 15-percent rule: Calculate what 10 to 15 percent of your weekly mileage is, then increase your mileage each week by no more than that amount.
How many miles should I say for insurance?
To figure out your annual mileage for insurance, add up all the time you spend driving your car in a week and then multiply that number by 52.
At what mileage is a car considered high mileage?
Often, 100,000 miles is considered a cut-off point for used cars because older vehicles often start requiring more expensive and frequent maintenance when mileage exceeds 100,000.
Is car insurance cheaper if you don't drive much?
While several factors influence your car insurance cost, you may pay a lower premium if you drive less. That's because insurers may consider you a lower risk of filing a car insurance claim if you spend less time on the road. Many insurers incentivize low-mileage drivers by offering discounts on their premiums.
What is considered low mileage for insurance?
These figures dipped in 2020 due to the COVID-19 pandemic as many drivers stayed home. The numbers are creeping back up, but haven't reached pre-2019 levels again as many Americans are simply driving less. Typically, most insurers consider driving less than 7,000 miles a year—about 19 miles a day—to be low mileage.
At what mileage should I change my car?
While mileage specifics depend on car make and models, you can start thinking about scrapping your car once it's exceeded 100,000 miles for petrol (or up to 150,000 miles for diesel) with proper maintenance. Between 50,000 and 100,000 miles is when you can expect more frequent repairs and replacements.
Does your car insurance go up if you drive more?
From California to New York, all states have varying car insurance rates because insurance companies look at geographic factors such as crime rate, number of auto accidents, and weather conditions to determine your premium. Miles You Drive: The more you drive, the more likely you will get into an accident.
What drivers generally pay more?
Your age – In general, mature drivers have fewer accidents than less experienced drivers, particularly teenagers. Insurers generally charge more if teenagers or young people below age 25 drive your car.
Does mileage cover car insurance?
While mileage reimbursement does not directly cover car insurance premiums, the standard mileage rate provided by the IRS considers an average cost for insurance as part of the vehicle's operating expenses.
At what mileage is a car not worth fixing?
Age and Mileage of the Vehicle
Based on this figure, a 10-year-old car would have approximately 135,000 miles on the odometer. At this mileage, major components like the engine, transmission, and suspension system may be nearing the end of their lifespan, increasing the risk of costly repairs.
How many miles is too much for a used car?
How Many Miles Are Too Many for a Used Car? When it comes to determining how many miles are too many for a used car, there isn't a hard-and-fast rule. 200,000 miles is generally the upper limit for even well-maintained vehicles.
Can you reset mileage on a car?
While it's possible to reset the odometer, it's illegal to do so. If you're trying to sell your vehicle, resetting the mileage can upset the person you're dealing with since you're not truthfully representing the vehicle's real mileage.
How many miles per year is good for insurance?
What Do Insurance Companies Consider Low Mileage? Infrequent drivers may find savings if they drive less than the average annual mileage. Insurers typically give the highest discounts to drivers who log less than 7,000 miles annually on their vehicles.
Do insurance companies verify mileage?
While insurers will typically request that their policyholders provide estimates of their annual miles driven, the companies are allowed under California to verify mileage by accessing various state databases. Typically, insurers will request this information when a policy is written and/or upon renewal.
What is considered too high mileage?
There's no absolute number of miles that is considered too high for a used car. But consider 200,000 as an upper limit, a threshold where even modern cars begin to succumb to the years of wear and tear.
How much should I pay for mileage?
The IRS mileage rate for 2024 is 67 cents per mile for business use, up 1.5 cents from the 2023 rate of 65.5 cents. In 2025, the rate will increase to 70 cents per mile for business use, while rates for other purposes will remain unchanged from 2024.
How high should a car mileage be?
As a general rule, you should assume that the average car owner puts 12,000 miles on a car each year. To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that's 5 years old is 60,000.