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.
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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. |
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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.
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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.
Visit
http://www.carinsurance.com For Discount Car Insurance
| About The Author Tim Register is a representative of
CarInsurance.com. You can visit
CarInsurance.com at
http://www.carinsurance.com or contact them at
1-877-327-8728.
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opportunity to consumers and to insurance companies. We offer
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