Car Insurance Discounts

AutoMotorInsure.com July 20, 2013

The Secret to Saving Big on Car Insurance

Are you tired of paying high auto insurance rates? You can now save with great car insurance discounts. Just enter your zip code in our search engine and start comparing rates from leading auto insurance providers around the country. With the right company and a combination of discounts, you can drastically lower your cost of auto insurance.

Bundle Up

Bundling services is nothing new, and insurance companies have been doing it for years. An agency that also offers life, home, health or renter’s insurance will usually provide you with a multi-policy discount. When you look at auto quotes, consider choosing the same company for the other services. They will usually reward you with a discount on all the policies you have with them.

Multi-Car

Do you have more than one car? Insure both with the same company to enjoy auto insurance discounts. Many companies offer the discount if you insure two or more cars with them. The discount may even increase slightly as you add more cars to the policy.

Improved Skills

The greatest discounts are available to safe drivers. However, you cannot just ask for this discount. It is one that must be earned by avoiding accidents and obeying the law. If you have a clean record for a number of years with no tickets or accidents, then you can expect to pay lower rates. You can also ask specifically for a safe driver’s discount. If you currently have a spotted record, you don’t have to despair. You can start working on your driving skills now to enjoy lower rates in the future.

Back to School

If you aren’t happy with your rates and are willing to head back to school, then there is another discount available to you. Some companies offer breaks on auto insurance if you complete approved driver safety classes. Generally only 8 hours long, these classes are relatively convenient, and you just might learn something new.

Good Grades

If you have a pre-teen in the house, start pushing them for better grades now. Insurance companies look at a student driver’s grades as a measure of responsibility. Kids with good grades are going to pay lower rates than kids who have a D average. If your child is already driving, it’s not too late. You can ask the insurance company to look at the most recent grades, so the good student discount can kick in once the grades are improved.

What’s Your Job?

Insurance companies appreciate certain public servants, like teachers, firemen and police officers. In fact, you can find a company that discounts auto insurance based on your career. If you are in a public services field, look for a company that is willing to reward with discounts you for all that you do. Additionally, military members can ask for discounts to save money on auto insurance.

The savings also aren’t limited to people in public service. Specialized credit unions may have affiliations with insurance companies, so you can save money even if you are an accountant or an engineer. When signing up for insurance, just ask the agent if there are any discounts available based on your occupation.

Pre-Paid Discounts

If you have the funds available, then you can also discount your rates by paying the policy in full at the beginning of the term. These pre-paid or early signing discounts can help you reduce the cost of insurance, and you won’t have to deal with the hassle of payments for a few months. If you don’t have the money available to pay for the policy in advance, then look into auto-pay discounts. Some companies will provide you with a break on auto insurance if they are allowed to automatically deduct the payment from your account on the due date.

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Safety Matters

You can also save on auto insurance by making sure your car is safer than others. While seat belts are a requirement in all modern cars, insurance companies also like to see airbags in place. Motorized seat belts and these passive restraints will help you lower the insurance rates.

Other safety features that companies will reward you for include daytime running lights, anti-lock brakes, anti-roll technology and backup cameras. If your car has a special feature that is designed to help you avoid accidents or remain safer in an accident, then you may be able to get a handsome discount on your auto insurance.

Crime Prevention

Nobody wants their car to be stolen, and having measures in place to prevent this will help you save on auto insurance. Many companies offer discounts if your car has an alarm system installed. You can save even more if you have a tracking system like Lo-Jack or OnStar in the vehicle.

Save the Planet

Individuals and businesses alike are interested in taking better care of our planet. Some insurance companies are now offering discounts for going green with a hybrid vehicle. You can also net a small savings if you opt for online statements, billing and payments. Going paperless eliminates some clutter around your home and helps you lower the insurance bill. Driving less means that you will spend less money on gas, and it can also help you save on your insurance. Some companies offer discounts for limiting your mileage every year, but some form of electronic monitoring may be required.

Loyalty Rewards

If you’ve been with a company for a while, then you ask for discounts based on loyalty. Call them and ask for a discount based on the number of years you have been with the company.

Credit Matters

Believe it or not, your credit score can affect your insurance. People with a higher score are rewarded with lower rates because they are seen are more responsible. If you are trying to save on insurance, start by taking steps to improve your credit rating.

Policy Considerations

It’s important to note that not all discounts are available across the board. You will find that companies will offer some discounts that apply to you but not all of them. However, there are other changes you can make on your insurance coverage to keep your rates low.

  • Rising DeductiblesCarry a higher deductible to keep rates low. Open a savings account and try to keep your deductible in the savings account just in case you need it.
  • Drop the Extras – Do you already have roadside assistance through another membership? If so, then you don’t need to pay for it through the auto insurance. Look at the extras on your policy and see if any of them can be dropped.
  • Lower Coverage – Tread carefully when choosing lower coverages. Your insurance amount should be high enough to protect your assets and shield you from lawsuits in case of an accident. While you don’t want to go overboard with coverage, you also don’t want limits that are so low they provide you with very little protection.

Read this for additional tips to get cheap auto insurance.

The best way to lower your auto insurance premiums is by shopping around. When looking at quotes, make sure that you are comparing apples to apples by using consistent amounts for deductibles, coverage levels and any add-ons. With our easy search engine, finding companies and comparing rates is easier than ever, so you can take the time to shop around and benefit from more affordable auto insurance.

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