Does Farmers offer a low mileage discount? This question is about Farmers Insurance

Does Farmers offer a low mileage discount?

This question is about Farmers Insurance

Lilah Butler, Car Insurance Writer

@lilah_c • 05/01/23 This answer was first published on 05/01/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, Farmers does not offer a specific low mileage discount. Farmers premiums do take mileage into account, however, as rates are an average of 24% lower for customers who drive 7,500 miles annually than for customers who drive 15,000 miles annually, according to WalletHub data.

Low mileage drivers usually save on their Farmers premium because less time on the road means a smaller chance of filing a claim. Besides offering lower premiums for low mileage drivers, Farmers offers good student, safe driver and paid in full discounts, among others.

Itu2019s also worth noting that Farmers has a usage-based insurance program called Signal, which can help low mileage drivers save money. Signal tracks mileage and other driving habits, saving policyholders up to 30%.

To learn more, check out WalletHub's guide to Farmers discounts.

Does Farmers have a multi-car discount?

Yes, Farmers has a multi-car discount. To qualify for the Farmers multi-car discount, a customer must insure more than one vehicle on the same Farmers auto insurance policy. The discount automatically applies to a qualifying Farmers policy, but it does not compound, meaning you won't get a bigger discount for insuring more vehicles.

In addition to Farmers' multi-car discount, the company offers other ways for customers to save money on their premiums, such as the...

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Are Farmers insurance rates competitive?

Yes, Farmers insurance rates are competitive, as the company is one of the 10 cheapest auto insurers nationally, according to WalletHub analysis. Farmers car insurance customers pay an average of $1,044 per year for coverage. Farmers' car insurance rates are based on your driving record and experience, along with factors like the type of car you drive, your ZIP code, your insurance history, and more. Your coverage and deductible choices also impact your final quote,...

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How do I get a good driver discount for car insurance?

You can get a good driver discount for car insurance by keeping a clean record for several years. Eight of the 10 largest insurance companies offer a good driver discount, though exact requirements and discount amounts vary.

Good Driver Discounts by Car Insurance Company

Insurance Company	Eligibility	Discount Amount
State Farm	Drivers who stay accident free for 3 years ...	Amount varies

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