» » Less Driving May Mean More Cheap Auto Insurance

Less Driving May Mean More Cheap Auto Insurance

Many Americans may find it easier to obtain cheap auto insurance based on the fact that they seem to be driving less than they have in years.

Statistics expert Nate Silver recently published an article in Esquire explaining that he had analyzed gas prices, seasonal variations and the unemployment rate to predict how much the average American will tend to drive.

According to Silver, Americans drove 8 percent less in January than his calculations expected.

"There is strong statistical evidence, in fact, that Americans respond rather slowly to changes in fuel prices. The cost of gas twelve months ago, for example, has historically been a much better predictor of driving behavior than the cost of gas today," wrote Silver, going on to observe that during the previous energy crisis driving averages did not bottom out until a year after gas prices peaked in March of 1981.

Whether or not this is a permanent trend remains to be seen, given America's longstanding love affair with the car. That said, drivers are statistically less likely to be involved in an accident when they drive less, and in many cases, their insurance companies have programs that offer cheap auto insurance.

To find out more about auto insurance policies that won't grind your gears, visit InsureMe.com today.

ShareThis

Recent News

Are You Currently Insured?