No, Liberty Mutual does not offer specific discounts for low miles. However, Liberty Mutual premiums do take miles into account, since rates are an average of 26% 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. In addition, if you have a car that doesn't travel more than 7500 miles per year, you may qualify for a discount for limited-use or low-mileage vehicles. Insurance companies use the average travel distance to compare your trip and therefore calculate your insurance rate.
Drivers who drive too few miles in their car may find it more difficult to find a traditional policy because insurers want to assess the driver's risk before offering coverage. Because of the wage gap, women have to spend a higher percentage of their income for car insurance. Yes, Liberty Mutual insurance rates are competitive for certain drivers, including teens and college students. However, all of the major insurance companies we looked at reduce insurance rates as the driver gains experience.
The discount is automatically applied to qualifying Liberty Mutual policies, but it's not cumulative, meaning you won't get a bigger discount for insuring more vehicles. Another way to save money on your car insurance premium through Liberty Mutual is to have a driver who is a student and maintains a “B” average or better. Liberty Mutual car insurance rates are based on your driving record and experience, along with factors such as the type of car you drive, your zip code, your insurance history, and more. According to research, insurance companies believe that young drivers, especially teenagers, are more likely to engage in risky driving behavior.
To stay competitive in a constantly growing market, Liberty Mutual offers many other discounts to try to keep insurance premiums as low as possible. Liberty Mutual offers more than 14,000 employers, credit unions, alumni associations and groups the chance to get substantial discounts just because they are part of that group. It's also worth noting that Liberty Mutual has a usage-based insurance program called RightTrack, which can help drivers with low mileage save money. In addition to the Liberty Mutual multi-car discount, the company offers other ways for customers to save money on their premiums, such as the multi-policy discount, the no-accident discount and the discount for advanced safety features, among others.
Generally, an insurer will offer a discount of a certain percentage depending on mileage, although the actual discount will vary depending on the insurer.