Car Insurance Discounts | | Car Insurance Tips

Car Insurance Discounts

There are a lot of auto insurance discounts out there, but often you will only receive them if you are direct and specifically ask about them; as they reduce your premium and the insurance companies “lose” money by offering them. Below is a list of discounts that may be available through your auto insurance company, so the next time you are shopping for car insurance- make sure to ask about them!


1) Ask about changing your deductible. If you increase your deductible from $500 (the norm) to $1000 you could save a few dollars a month, but make sure you are in a financial position to pay the $1000 if an accident were to occur, otherwise you could be carless! As a side note, a deductible is how much money you will pay out of pocket in the event you have an accident and need to file a claim for a repair.


2) Ask about multi-car discounts. If you have more than one car, getting all your cars insured by one auto insurance company could save you a decent amount of money on a monthly basis. Additionally, if you have renters or homeowners insurance, you may get a nice discount by consolidating these with your auto insurance as well.


3) Ask if you receive a discount for no speeding tickets in the past 2 years, no accidents in the past 3 years, or if you have taken a defensive driving course (or drivers training course) ask if that will reduce your monthly premium. These are positive indications to an insurance company and will definitely be viewed as favorable.


4) Ask about experienced drivers discounts (drivers over 50). Additionally, if you drive only a few miles a day/week, then ask about low annual mileage discounts.


5) Ask about discounts that may be associated with safety features of your car, such as; anti-theft device(s), anti-lock brakes, VIN numbers etched in your windows (windows are expensive and often a “trained” thief will leave these alone due to the expense of having to replace all the windows), daytime running lights, and air bags.


6) Ask about student discounts or academic excellence discounts (good grades). There is a strong correlation between good grades and driving responsible.


7) If you have been with the company for several years, don’t be bashful with your insurance company! Ask them if they offer a discount for being a loyal customer.


8) Finally, ask them if there are discounts you may be eligible for that you, or they, may have overlooked. Insurance companies are creative and want your business; they may have other creative discounts that they only offer to customers they are going to lose.