No, Geico doesn't offer a specific discount for low mileage. However, Geico premiums do take miles into account, since rates are an average of 27% lower for customers who drive 7,500 miles a year than for customers who drive 15,000 miles a year, according to data from WalletHub. Yes, GEICO has a significant discount for good drivers. The company offers savings of up to 25% for those who haven't had a car accident for five years.
Because there are several factors that determine your rates, getting a reduced rate for driving fewer miles may not be the most effective way to reduce your car insurance rates significantly. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.
Applying for the DriveEasy telematics program and increasing your car insurance deductible are some ways to lower your premiums beyond the standard GEICO auto insurance discounts.While the average auto insurance rate in Florida is well above the national average, it's still possible to find affordable car insurance in Florida. According to Bankrate's extensive analysis of average premiums, Geico, State Farm and Allstate are among the cheapest auto insurance companies in Florida.
While car insurance with minimal coverage will allow you to meet state insurance requirements, many insurance professionals recommend that you purchase higher limits if you can afford it. Most auto insurance policies take mileage into account when determining rates, but some policies offer a pay-per-mile rate. Adding a teen driver to your policy could have a significant impact on the amount you pay for car insurance rates in Florida. Keep in mind that not all discounts are available through all GEICO insurance agencies, so some discounts that are available in New York may not be offered to Florida drivers.
Comparing car insurance quotes from various providers can be one of the most effective ways to find the cheapest car insurance in Florida. As one of the most popular auto insurance providers in the country, GEICO has many methods to attract customers. While you might be able to find a cheap car insurance policy through DriveEasy, that's never guaranteed. Comparing quotes and choosing the cheapest plan can save you more money than choosing the company with the best discount for low-mileage car insurance.
Work with an insurance agent to find all possible GEICO discounts and you may be able to save a lot of money on coverage.