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How to Find Car Insurance Discounts
Saving money wherever you can is important to us all. Car Insurance
should be no different. Do not assume that your insurance agent knows
everything about you and your car. At HometownQuotes we go out of our way
to find all the possible car insurance 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 car 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 money
on car 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 Car 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 cars. 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 insurance 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 car insurance in other ways as well.
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 car insurance rates is important
to save you money.
About the Author
Matt McWilliams is the Vice-President of Customer Relations for
HometownQuotes , the industry leader in providing insurance quotes for
customers across the country. HometownQuotes was founded in 2003 by
insurance agents and has grown into one of the best-known ways for
shoppers to find affordable insurance online.
Matt is originally from North Carolina where he spent way too much time
playing golf.
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