(Newswire–March 06, 2013) San Francisco, California
With gas prices and auto insurance expenses continuing to rise on a daily basis, the news of a new San Francisco Car Insurance Low Mileage Car Insurance program has raised interest both among policyholders looking for new ways of reducing their expenses and competing insurance companies. The program was recently created by a San Francisco insurance company to allow ratings to be based on actual mileage instead of estimates submitted by policyholder.
Although the program is optional, numerous auto insurance policyholders have already taken a great interest in the potential benefits it can offer, and while not all consider it to be an asset when it comes to future savings, one representative from the insurance company has stated: “This can truly be the opportunity that many drivers who don’t spend much time on the road were looking for. Once the first renewal is reached, a policyholder can potentially save up to 45%.”
The San Francisco Car Insurance Low Mileage Car Insurance program basically works by allowing any classified auto policies to save money up to a maximum annual mileage of 19,000 miles, the savings value growing inversely proportional to the mileage – from 0% for 19,000 miles to 45% for mileages under 500.
While some of those who do spend a lot of time driving may consider that the program is not a very practical option for them, the insurance company that issued it also provides a first time 5% savings bonus that applies to a variety of coverage benefits – such as medical payments, collision coverage or bodily injuries. This bonus has tipped the balance, bringing the San Francisco Car Insurance Low Mileage Car Insurance program closer into the spotlight and sparking the interest of those policyholders who try to look for any potential offer that can help them save some money.
Statistics show that San Francisco drivers younger than 25 or older than 65 years of age, as well as female auto insurance policyholders who drive on average less than 12,000 miles on a yearly basis are most likely to benefit from the program, due to their lower mileage. Due to the fact that the only drivers who may actually exceed the maximum annual mileage are males between the age of 30 and 50, it is estimated that the popularity of the San Francisco Car Insurance Low Mileage Car Insurance program will continue to increase exponentially in the next two years.
To find out more details about the San Francisco Car Insurance Low Mileage Car Insurance Program that continues to kindle the interest of most drivers, Call 1-888-501-3229.