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“Insurance Savings Advice & Tips On How To Save Money On All Your Insurance Needs”
AUTOMOBILE INSURANCE -
Getting Auto Insurance Discounts
If you want to save on automobile insurance, make sure you get all the discounts that may be available to you. Discounts come in all shapes and sizes, but generally relate to either the vehicle or the driver, or combining insurance policies. So ask your agent for a list of all discounts offered to see if you qualify. Some of the discounts available include:
1. Vehicle discounts.
a. Multi-
b. Passive restraint discounts are available if you have a passive restraint system such as air bags.
c. Discounts are available if you have an anti-
d. Many vehicles are by their design considered safer, or less apt to cause damage or be damaged, and receive a discount.
e. If you have an anti-
f. If your annual vehicle mileage is low and/or the vehicle is mostly used for pleasure and not driven regularly to work, discounts are available.
2. Driver discounts.
a. Make sure you are getting the correct rate for your age. There are discounts for various ages that can save a lot of money.
b. Safe driver discounts are available if you have a good driving record.
c. Sometimes insurers give discounts to people that are in certain professions that are considered low risk, or people that hold a certain type of degree. Or perhaps an association you belong to or where you went to college or where you work will earn a discount.
d. If a young driver is being insured, some companies give discounts if the driver belongs to certain organizations, like the Eagle Scouts, etc., or can show they are a good student. Also, if the student is away at school and is not driving much they may receive a discount. You may also be eligible for a rebate if you are away on vacation for more than a month and will not be driving your car. Call your agent.
e. Sometimes participation in driver training courses or drug and alcohol awareness courses earns you a discount.
f. And like everything else, if you have a good credit score you may be able to buy insurance at a lower cost.
3. Combination policy, loyalty and payment discounts.
a. If you insure your home and vehicle with the same insurer you should receive
a multi-
b. Insuring all the drivers and vehicles in your family under one policy will result in a lower premium than insuring them separately. Although there is one large exception to this rule. If you have a young driver in your family, or someone with a poor driving record, and they are an adult with only limited assets, and no claim on your assets, and they own their own vehicle, it may be far less expensive for them to secure their own insurance policy with minimum coverage amounts, rather than including their risk in your policy that has broader coverage. While their policy will be expensive, the expense will be somewhat limited because of the minimum coverage limits contained in their policy. If they are included under your larger coverage limits, your premiums may increase substantially. But if they do have their own policy, do not let them drive your car or you could have a problem if they have an accident. As an alternative, designate the driver that is young or has a poor driving record as the primary driver of your least expensive vehicle to save somewhat on premium costs. Make sure to check with your insurance agent to see if having a separate policy, or designating a particular vehicle for someone who is young and/or has a poor driving record, makes sense.
c. Many companies will provide a discount based on being a long-
d. Check with your insurance company if they offer discounts for annual or semi-
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