Are you taking advantage of all the discounts car insurance companies have to offer? If you haven’t reviewed your auto insurance policy recently, now may be the time to do so. Most insurance companies offer a multitude of car insurance discounts. Qualifying for discount car insurance is quite simple in most cases, and you may already qualify without even knowing it. Here are some common discounts offered by many large, mainstream insurance companies. Check with your specific insurance company to see if they offer any of these – odds are they do and all you have to do is ask for them to be applied to your policy.
Driver Specific Discounts
Many insurance companies offer discounts based on the type of driver you are. If you have been driving for at least 3 years and have no accidents or moving violations in that time period, you may qualify for a “Good Driver” or “New Driver” discount. Some insurance companies may require up to 5 years with a good driving record, so check with your company to be sure. This discount can save you up to 20% in some cases.
MAILMASTER _Subject: car insurance On 2014-03-14, at 9:19 AM, Mayers, Adam wrote: Most usage based insurance plans penalize drivers for driving at night when accidents tend to cause more injury and damage and cost more to fix. Insurance, care insurance, usage based insurance, usage-based insurance Dreamstime Adam Mayers Investment & Personal Finance Editor Toronto Star thestar.com 416-869-4821 car driver night.jpg car accident.jpg car at night.jpgIf you are 55 or older, you may be eligible for a “Mature Driver” discount. In order to qualify for this, most companies require that you take and pass a defensive driving class that is offered in many states.
Car insurance discounts are not just for experienced drivers. Students in good standing at their school can qualify for a “Student Driver” discount. Typically, you must be a full time high school or college student under age 25 (the age limit may be lower in some states or for some companies) who has at least a 3.0 GPA.
This is good news for student drivers as all they need to do is to prove that they are experts in driving despite the lack of experience being a disadvantage so the above points can be considered as worthy enough to get insurance unlike non-owners auto insurance quotes.
In some cases, your profession or your college degree alone can get you significant savings on your car insurance. Many companies offer a “Select Professionals” discount. If you are an Engineer, Scientist, Lawyer, Doctor or Educator you may be eligible for this type of discount. The professions that qualify may vary between insurance companies, so check with your provider to see if your profession is one they offer a discount for.
Policy Holder Discounts
If you own more than one car, it can pay off to insure all your vehicles with the same company. A popular discount is the “Multi-Vehicle Policy Discount”. All you have to do to qualify is insure more than one vehicle with the same company. This can save you 10-25%, depending on your insurance carrier.
Most insurance companies insure more than just cars, so it can pay off to carry more than one policy type with the same company. The “Multi-Policy Discount” can save you in the neighborhood of 10%. The only requirement is that you have more than one insurance policy type with the same insurance carrier. Examples include any combination of vehicle coverage with homeowners, renters or life insurance.
Being a long term customer has benefits. Most insurance companies reward continued patronage by offering a “Long-Term Policy Holder Discount.” In many cases, the minimum length of coverage is only 3 years. The longer you’ve been with the company, the greater the discount.
Car Specific Discounts
The cars you are insuring can also qualify you for insurance discounts. If your car has an alarm, LoJack, or another theft deterrent, it will probably qualify for an “Anti-Theft Device Discount.” Do you park your car in a garage? This can get you a “Garage Parking Discount.” Does your car have air bags? You can qualify for an “Air Bag Discount.” Not all of these discounts may be available, so please check with your company to be sure.