How much you can save: About $100 – $800 a year

“Most insurance companies include annual mileage in their pricing methodology, and lowering your miles can save you money,” says Douglas Heller, director of insurance with the Consumer Federation of America. For instance, if you’re driving less because of a change in your job location, you may qualify for a lower premium, especially if you’re driving less than 10,000 miles in a year. “Some companies offer verified mileage programs where you can get even more savings by reporting your odometer reading on a regular basis.”

You could cut your auto insurance rate in half by moving to a Pay-per-mile policy where you pay for the miles you drive plus a low monthly base rate.

For example, one of our clients has a base rate of $48 and a per mile rate of $0.05. He drove 500 miles this month, so his monthly total was $54 – His base rate of $29 plus 500 miles x $0.05 = $54