If you own a vehicle, you need car insurance to meet legal requirements, lender requirements, and to protect yourself and your car while on the road. But auto insurance can get expensive depending on your coverages, driving history, and other factors. Fortunately for those working from home, insurance may be available at lower rates.
Remote workers tend to drive much less than others, potentially making them eligible for usage-based auto insurance plans. This, in addition to other discounts, can save you a significant amount of money on auto insurance.
Here’s what you need to know about car insurance for remote workers.
Is Car Insurance Cheaper if You Work From Home?
While many insurance companies don’t offer specific discounts for drivers that work from home, there are ways to save on auto insurance if you work remotely and don’t drive very often.
With pay-per-mile or usage-based policies, drivers typically pay a flat rate plus a cost per mile. In some cases, they may use apps to monitor your driving habits and distance to adjust your rate appropriately. For remote workers that don’t drive very often, this payment model can help them significantly reduce their car insurance rate.
Some insurers may also offer low mileage discounts and policies. These may offer drivers an end-of-year rebate depending on how many miles they drive.
Ways to Save on Car Insurance
If you’re working from home and don’t use your car as often as you once did, there are several steps you can take to lower your car insurance rates and save money. From asking your insurer about discounts to adjusting your coverages and reducing your mileage, insurance providers offer countless ways for drivers to save.
Here are a few tips to keep in mind to help you save on car insurance.
Ask about discounts
When shopping for a new insurance policy or renewing your existing policy, you should always ask about any discounts that you might be eligible for, such as:
- Discounts for bundling multiple insurance policies
- Multiple car discounts
- Defensive driving course discounts
- Discounts for good credit ratings
- Paperless discounts
- Loyalty discounts
- Anti-theft device discounts
If you can afford it, you may also be eligible for a discount by paying your entire annual premium in advance.
Reduce your mileage
Your annual mileage is one of the factors that impact your auto insurance rates, and by lowering the number of miles you drive each year, you could save money on car insurance.
If it’s time to renew your policy or shop for a new one, make sure to note your decreased mileage and ask your insurer if that makes you eligible for reduced auto insurance rates.
Change your policy limits
There are several optional auto insurance coverages that drivers who work from home may not depend on as much as drivers that use their vehicles more often.
For example, if you work from home and don’t drive often, you’re much less likely to be involved in an auto accident. As a result, you may afford to reduce your collision coverage limit. Other insurance coverages, like roadside assistance and rental reimbursement, may not be necessary at all if your car spends most of its time parked in your driveway.
Keep in mind, though, if you reduce your coverage limits and experience an accident, you may have to pay for damages out of your own pocket. In general, you should only consider reducing your coverage limits if you can’t otherwise afford to pay your auto insurance premiums.
Increase your deductible
If you want to lower your auto insurance rates without sacrificing your coverages, you can opt to increase your deductible.
Since remote workers are less likely to be involved in car accidents, you’re less likely to have to pay this deductible in the first place. If you don’t want to lower any of your coverage limits, raising your deductible is one of the most effective ways to lower your monthly premium.
Request a Quote
Auto insurance is a necessity for any driver, but if you work from home and don’t use your vehicle very often, you might be looking for ways to reduce your car insurance rates. Fortunately, when working from home, insurance discounts and savings opportunities are available.
At KSA Insurance, we work with drivers in South Carolina and across the southeastern United States to help them find affordable car insurance policies that protect them while on and off the road.
Contact us today to request a quote and learn more about car insurance for remote workers in South Carolina.