Many Americans prefer driving their own car to using public transportation. They enjoy the quiet time on the way to and from work, as well as listening to music, news or an audio book. What they don’t realize is that they can save hundreds of dollars a year on their car insurance if they would use public transportation!
It stands to reason that the less you drive the less chance you have of being involved in an accident. Insurance companies calculate premiums on a number of factors, one of which is the number of miles that a policyholder will drive in a given month. A person that drives fifty miles a day is a higher risk than one who drives five miles per day and insurers will structure their premiums accordingly.
By using public transportation, a driver can drastically reduce the miles he drives and thus, his insurance premiums. As an added bonus, taking the bus or train saves on the increasingly high gasoline rates. Insurance companies know that reducing driving time by ten percent can decrease accident rates by 17% and so offer reduced premiums to those who use public transportation.
A new program is becoming popular with insurance companies, called Pay as You Go insurance. Simply put, drivers pay in advance for a set number of miles to be insured. Driving less by using public transportation and PAYD insurance can result in significant savings for both the policyholder and the insurance companies. You may want to look into PAYD insurance and ride the bus or train for significant savings.
There’s more information on car insurance discounts for public transit users on free car insurance quote online.
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