Here are 5 types of car insurance discounts you can claim today
Start your car insurance quote
Compare your payment options on car insurance by calling: 855-974-4822. Insurantly will help you find discount auto insurance from top rated providers.
Competing rates from these and 27 of the largest companies
One of the best ways of lowering the cost of auto insurance
One of the best ways to lower your auto insurance premiums is to take advantage of all the discounts you can find. Although insurance premiums are high, most car owners have been able to significantly cut on the costs and realize big savings by exploring car insurance discounts that come with features such as multiple-vehicle ownership and club memberships.
The main problem is that not all discounts are always there for everyone to see. So, unless you look carefully, you may never find them.
If in addition to your car you need to insure some other property or even yourself, then you better get the additional cover from the same insurance company. It is customary for insurance companies to provide reasonable discounts if you purchase more than one coverage from them.
This means that if you purchase life insurance, auto insurance, and homeowner’s insurance from the same company, then they are likely to reward you for the loyalty with a discount.
Defensive driver discounts
This represents another excellent avenue for claiming auto insurance discounts. Defensive driver courses are considered an extra effort on the driver’s part. And just as with any other driver course, it comes with certain discounts.
Although not all insurance companies provide this kind of discount, most of the major providers do. Also, rates differ but you can expect to get up to 10% off your premiums. Considering that defensive driver courses also help you get better grades, you have so much to gain from them.
Apart from getting a discount, you may learn a few defensive tricks that can help you avoid accidents – saving both yourself and other peoples’ lives in the process.
Good student discounts
Good student discounts are generally given to drivers under the age of 25 who are enrolled in full-time programs at a high school or college/university and who can prove that they have maintained a 3.0 mean grade point. You may also qualify if you’re on the honor’s roll or the Dean’s List.
In order to qualify, you’ll need a current academic transcript or a letter signed by a school administrator. Homeschooled students can present standardized test results such as ACT or SAT scores that lie within a range acceptable to the insurance company.
Low mileage discounts
Research shows that American car owners no longer drive as much as in the past. Although more people are buying cars, they are not driving them all the time. If you fall into this category, you should consider getting a low mileage discount.
Insurance companies understand that less driving time directly translates to a reduced chance of getting involved in an accident. An excellent instance is if you’ve recently changed jobs and your daily commute has reduced by a big margin. You could save between 10% and 15% through discounts.
Interestingly, most insurance companies are also providing meaningful discounts if you can pay automatically! This can be auto-debit to a checking account or a scheduled charge to a given credit card.
It means that the insurer doesn’t have to worry about following you around to claim payment. In return, they may offer a discount on your premiums.
Summarizing these car insurance discounts
Remember that it is very difficult to qualify for every discount. It doesn’t matter, whether you’re only qualified for one discount on this list, be sure to claim it.