It may not seem like it when you get on the expressway during rush hour, but the number of drivers and auto owners is down, something that hasn’t happened for a very long time. The reason rests primarily with drivers 35 and under, or millennials as some call them, and the fact that they are driving less or deciding not to drive altogether. Let’s examine the reasons why younger generations are driving less, why they might still need auto insurance, and the low mileage insurance options that Square State offers to help reduce costs for those who don’t drive very often.
Why Millennials Are Driving Less
There are several potential reasons why millennials are driving less, and it can depend on everything from lifestyle to the locations where they live. First off, more and more people are living in urban areas, especially those 18-35, and while this is not a new trend, the way that these millennials are getting around has changed. Cycling culture is arguably bigger than it has ever been, and the advantages of using a bike as your primary mode of transport include saving on parking and fuel costs, creating less of an impact on the environment, and staying in better shape by exercising while you commute.
Millennials are getting around using other alternative methods as well. Public transit lines are stronger than ever in most cities, and to supplement, ride sharing companies like Uber and Lyft can fill the gaps when public transit isn’t an option. Car sharing services like Car2Go are also revolutionizing transport for those who occasionally need a car but don’t want to own one. Finally, car ownership is more expensive than ever, and many millennials find themselves turning to the above options because they can’t afford a car payment.
Why You Should Still Consider Auto Insurance
While riding a bike or taking public transit might be a suitable option for some, the need to drive to work is still prominent for many millennials just like other age groups. The threat of winter in a state like Colorado can also shut down some options like biking when road conditions get hectic. Transporting groceries and other supplies can also be tricky when you only ride a bike or take public transit.
Another factor that might effect you is the beauty and recreation opportunities of our state. Colorado has nearly endless options for weekend getaways, and many are up in the mountains, but these opportunities can be altogether impossible to access without a vehicle. From winter skiing trips to summer camping adventures, you need a vehicle to access much of the beauty and fun that Colorado offers.
Options For Those Who Don’t Drive Often
If you’re one of the growing number of people who drive less, there are reasonable auto insurance options that still might suit you. It doesn’t matter if you’re a millennial or an older motorist, these options can work for almost anybody.
Snapshot From Progressive
Snapshot has created big savings for a lot of motorists who don’t drive very often, and it can also benefit safe drivers. To be eligible for a snapshot discount, you first must pass a 30 day trial period where a device is plugged into your vehicle. The device is usually plugged into a port under the dashboard that is called an OBD-II port. Once the Snapshot device is connected, you leave it in for 30 days and drive like you normally would. Every time you start your vehicle, Snapshot beeps and flashes at you to tell you it’s working.
During this 30 day period, Snapshot will monitor your driving habits. This includes when and how long you drive as well as how you accelerate and brake. Those motorists who don’t drive very often and only accelerate and brake safely will be eligible for the biggest discount. At the end of the monitoring period, Progressive will let you know how you’ve done and alter your auto insurance based upon that score.
Low Mileage Insurance
The other alternative for those that don’t drive very often is a low mileage insurance discount. This discount is based solely upon the total number of miles you drive per year, and only those who plan to drive less than 8,000 miles per year are eligible for this discount. While not for everybody, this can be a great option for those who only plan to use their car occasionally.
It doesn’t have to be all or nothing if you decide to change your driving habits and take alternative modes of transport. Contact Jeff at Square State Insurance today to learn more about the insurance options for those times when you still choose to drive.