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Car Insurance Discounts
By Tim Register
Trying to save money wherever you can is important to us all. Insurance should
be no different. Do not assume that your agent knows everything about you and
your vehicle. CarInsurance.com goes out of their way to find all the possible
discounts that are available to each customer.
Drivers should take advantage of all discounts that many providers offer, that
can significantly reduce the cost of car insurance. Understanding discounts and
how they can affect auto insurance premiums can help smart shoppers make better
decisions about their coverage and possibly save themselves some money in the
process.
Read below to identify possible discounts that could help you save on auto
insurance this year. Other than discounts, there may be some other ways for you
to save on your insurance premiums. We will go over several discounts that can
help with your current situation.
First, there are discounts for Auto Safety features. Certain states will give
you discounts for anti-lock breaks. Make sure you know if it is two or four
wheel anti-lock break vehicle. Automatic seatbelts and airbags are frequently
discounted on your insurance premiums. In most states, a defensive driver class
discount may apply. If the principal driver usually 55 years old or older has
completed an approved defensive driving class a discount could apply. Keep in
mind that most states will only approve this class if it is voluntary meaning
that it was not the result of a violation or infraction.
Some insurers will give you a discount for having multiple vehicles. In some
cases, this will only apply if you have two or more drivers. If you have a clean
driving record, meaning you do not have any tickets, accidents or suspensions in
the last three years (some companies require five years) then you could be
eligible for a safe driver's discount.
Many companies will reward you with staying with the same insurance company for
many years without any accidents reported. They will offer you a renewal
discount. It makes sense, you have carried insurance with a company for several
years, and have not had an accident, your insurance company likes you and wants
to reward and keep your business. Some companies honor you with a discount if
you had prior limits on your previous policy. They discount you because they
understand you are a better risk.
Conversely, if you do decided to change insurers a proof of prior insurance
discount may apply. Most insurers request at least 6 months of consecutive
insurance from the previous insurer. If you are a full-time student who meets
certain grade requirements and are unmarried and usually under 25 years of age
(some states the age is 21) you could be eligible for a good student discount.
If you own a home, including condominium, town home, or mobile home, which is
used as a principal residence, a discount could apply. Military personnel either
currently active or retired from any branch of the US military a discount could
apply. If your vehicle is equipped with an anti-theft device, a discount could
apply.
You could lower the cost of your insurance in other ways.
For people who own older cars, it may not be necessary or cost-effective to
protect them with collision and comprehensive coverage. By comparing the book
value of your vehicle and the premium that the insurer has offered, you may find
that it cost as much for the insurance as it does for the vehicle. If the car is
worth less than $2,000, you will probably spend more insuring it than it is
worth. The whole idea of driving an older car is to save money, so why not get
what is coming to you.
In addition, keep in mind that the type of vehicle you buy could greatly affect
your premium. A flashy red sports car is usually going to cost more to insure
than a mid sized sedan. This is also true of vehicles that are on the list of
most stolen. There are many ways that policyholders can save on their insurance.
Knowing more about auto policies and premiums can help consumers take advantage
of less obvious discounts while ensuring that they have the appropriate
protection for their vehicles. The last way to save is to assume more risk. If
you chose higher deductible on your Personal Injury Protection or Comprehensive
and collision coverage will lower your premium as well. The deductible is the
amount of money you have to pay before your insurance company begins paying the
rest.
Understanding how discounts affect your insurance rates is important to save you
money.
About The Author
Tim Register is a representative of CarInsurance.com. You can visit
CarInsurance.com at http://www.carinsurance.com
CarInsurance.com online insurance marketplace gives an opportunity to consumers
and to insurance companies. We offer the ability to shop for car insurance
online.
Consumers can receive quotes from many insurance companies, in some states you
are able to purchase your insurance instantly, online. You don't have to drive
your car to buy car insurance. Buy online...anytime!
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