Workers Could Save On Auto Insurance By Carpooling
U.S. government statistics show that millions of Americans
could be saving more cash on their auto insurance rates by finding other
methods to get to work, such as carpooling or taking public transportation.
According to figures from the 2000 Census, 76 percent of workers
drove to work alone at that time. Only 12 percent carpooled with other
co-workers, while 4.7 percent used public transportation and 3.3 percent worked
at home.
Other methods people reported getting to work included
walking (2.9 percent) and using a motorcycle or bicycle (1.2 percent).
For the millions of people who drive to work alone each day,
they may be missing out on low-mileage discounts offered by many different
automobile insurance companies. Such discounts apply to people who drive under
a set number of miles each year and are often good for about 10 percent of a
premium’s total cost.
Another trend to watch for when it comes to alternatives to
commuting is the spread of pay as you go insurance policies. Under such
policies, drivers are charged for coverage based on a given number of miles
they expect to drive, potentially saving considerably on their auto insurance
rates within the process.
Bill Lapham
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