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Auto Insurance for super-low mileage?

Discussion in 'Model S' started by Stimyg, Apr 8, 2013.

  1. Stimyg

    Stimyg Member

    Feb 17, 2013
    New York
    I've reserved a Tesla. I'm also keeping my old BMW 2007 but I will drive less than 1000 miles per year. In fact I'll be parking it at a second home upstate. I've also got a '97 F150 I use for runs to the dump, which I use only 100 miles per year.

    However, when I got an insurance quote for all 3 cars, I was surprised to find that the $$-cost to insure my two basically-unusued cars barely went down. So I'll be paying full price for the Tesla insurance, basically the same price for BMW, and the F150 which I hardly use at all still has a significant cost.

    My wife and I only ever drive one car at a time, so having multiple cars like this doesn't increase our risk. The overall mileage we drive will stay the same.

    Clearly this isn't a real-world representation of the risk that they are trying to insure against.

    Does anyone know of an insurance company that will more accurately charge for this kind of usage?
  2. Zythryn

    Zythryn M3 Silver, M3 Midnight Silver

    Mar 18, 2009
    I know my State Farm rep told me there was a lower rate for vehicles driven under 7500 miles annually. I don't know how much less it was or if there was even a lower cutoff point.
  3. dsm363

    dsm363 Roadster + Sig Model S

    May 17, 2009
    It seems they will decrease it a little but even if you only drive 1,000 miles a year in a car they will have to pay if something happens to it so you don't get much of a break
  4. Majerus

    Majerus Member

    Jan 21, 2010
    I have a Durango that I use exclusivity to tow my boat. The last two years I have put less then 1800 miles on it and when I brought it up to the insurance company the deemed it "for pleasure" which only dropped my rate about 20 bucks a month.. Sad really..
  5. Andrew

    Andrew Model S #6151, Model 3 #1576

    Mar 11, 2013
    Santa Monica, CA
    Definitely check out State Farm - on top of the discount for the 7,500-or-less that @Zythryn mentioned, they have the "Drive Safe & Save" program that gives larger discounts as your mileage goes down; I think it does continue to increase the discount all the way to about 1,000 miles/year. We have to self-report your mileage every 6-months, but it's easy online. Our agent said we can combine the two discounts.

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