One of the easiest ways to save significant dollars every year is to shop your auto insurance policy.
Certifiable good drivers can save a lot. If your driving record is less than stellar, you can still realize a lower rate. One can always find a lower price it seems. Never overlook this easy money-saving idea if you move. Insurance rates are closely tied to geographical location and a move to an area with a lower claims rate will be result in a lower premium rate. Also, pay the entire premium up front if possible. Insurance companies that let you pay for the policy on a monthly basis are of course charging you interest on the debt – usually at a relatively high rate. Even if you don’t have the cash, find a zero % APR card on this site and borrow the money on the card. The 3% transaction fee on the “balance transfer” could save you a few hundred dollars over the course of the annual premium. Just make sure you save the money you would have been paying to the insurance company to pay the card balance when the zero % time frame is up.
Click here to find a balance transfer card.
The following article focuses on a number of other ways you may realize discounts on your auto insurance. Items like occupational discounts, driver education discounts, and age discounts are often overlooked. Make it a point to explicitly ask for the discounts. The insurance company will honor them, if you ask. If you don’t ask, they won’t necessarily tell you.
Car Insurance Discounts You Can Choose From
Author: 247 Auto Insurance Quotes
If it’s about saving money, we are all very much interested. Here are a few legitimate car insurance discounts that are generally available from reputable insurance companies.
DEFENSIVE DRIVING DISCOUNT– It could save you money if you let your teen take a DRIVER’S EDUCATION COURSE or learn from professional instructors as most insurers offer discounts for teens that have successfully completed this course and signed an agreement about safe driving style to avoid tickets. Auto insurance companies believe that this course helps you become more aware of what is happening on the road.
GOOD STUDENT DISCOUNT– The classic discount is the good student discount. Most auto insurers believe that good students make responsible drivers so they give 5-10% premium discount if your child maintains at least a B average.
CAR INSURANCE FOR TEACHERS– A person’s occupation actually plays a much larger role in determining auto premiums than most know. Most auto insurance providers offer up to 30% discounts to teachers. This will save you hundreds of dollars each year. Teachers are eligible for auto insurance discounts because teachers are simply less likely to file a claim or be involved in a collision. Teachers are known to be patient, cautious, and often live near their workplace.
LOYALTY DISCOUNT– If you’ve been with your auto insurance company for a long period of time and if you’ve been accident-free for a number of years the company will provide a discount for claims-free longevity.
AUTO INSURANCE FOR SENIOR CITIZENS– As we get older, the need, desire, and ability to drive a car often times begins to diminish. The less time spent in the car leads to a massive saving on your auto insurance premium.
MILITARY AUTO INSURANCE– Although the discount varies from company to company, it’s safe to say that all major auto insurance providers offer at least 15% discounts to show appreciation to these men and women who risk their lives everyday to protect the people at home and abroad. Veterans and members of the Reserves are also eligible for the same discounts. These discounts can also be extended to cover the other drivers in your family, which can be crucial when you aren’t always home to deal with issues yourself.
MULTIPLE CAR DISCOUNTS– The cost of insuring two or more cars can be the same or less expensive as insuring one. The more cars you insure, the bigger discount you’ll get. Most companies give at least 25% discount when insuring multiple cars. Multiple discounts may be attained if you have 2 or more cars. Discounts are also provided if you invest in a family. Typically, companies will only provide coverage to your children until age 25.
Discounts vary according to the make and model of your car. You may contact your insurance company first before purchasing a new car to inquire about their multiple car discounts.
SAFETY ADDITION DISCOUNTS– Adding more airbags or rear view video adds safety features to your car. Auto insurance companies really like it when you take matters into your own hands to improve your safety. If you’ve made any safety additions to your car then you need to see if you can get credit for doing so. Let the insurance company know that you’re taking control.
DISCOUNTS FOR ECO-FRIENDLY VEHICLES– Hybrid drivers represent less of a claims risk to insurers, and they are consequently rewarded with lower premiums. When you examine the profile of hybrid drivers, it becomes clearer why insurers favor these drivers. Most of them have a higher level of education, married, between ages 41-60, and have higher levels of income. (71% of them earn more than $100, 000).
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