What role does vehicle mileage play in insurability?

Vehicle mileage is a critical factor in assessing risk for insurers. High mileage often suggests that a vehicle has been used more extensively, which can correlate with a greater likelihood of wear and tear, mechanical issues, and a higher probability of accidents. Insurers evaluate these risks when determining policy terms, coverage options, and premium pricing.

A vehicle with high mileage may indicate that it has been involved in more road activities, increasing the chance of both minor and significant claims. This aspect plays a significant role in how insurers assess a driver's behavior and the vehicle's overall risk profile. Therefore, high mileage can lead to an increase in premiums or might influence other aspects of the insurability evaluation.

In contrast, low mileage on a vehicle does not automatically guarantee lower premiums since insurers consider various factors, such as the driver's history and the type of coverage requested. Additionally, the condition of the vehicle, safety features, and vehicle make and model also contribute to the overall risk assessment. Therefore, while mileage is important, it is one of many factors that insurers review when evaluating a vehicle's insurability.