When you are shopping around for car insurance in your state, there are certain aspects of the process you should pay attention to. How much coverage do you need? Would you like to have roadside assistance added to the package? How many other people will be driving your vehicle?
All these come into play at some point, but one of the biggest aspects worth focusing in on is what insurance discounts are available from that company you are looking into signing with. With that in mind, this is the topic we are going to be discussing in this blog post.
Now, to make things a little easier to follow, we are going to break down all the different reductions into three categories: vehicle discounts, driver discounts and policy discounts. This may seem pretty broad on the surface, but it’s going to make a lot more sense by the end!
The Type of Vehicle You Own
The kind of vehicle you own can make a pretty big impact on the auto insurance discounts that you have at your disposal. This can also affect the amount you’ll be spending on your premium. For example, if you drive a vehicle that has a lot of different safety features (like curtain airbags, anti-lock brakes and an anti-theft protection system) that lower their own risk from having to pay out.
Driving a low-mileage vehicle, a hybrid or one that runs on alternative fuel (such as an electric car) can also net you savings. For all these situations and more, insurance companies will be more than happy to give you a reduced premium.
The Kind of Driver You Are
Most auto insurance companies out there will consider offering discounts based on your driving history; your student status (typically having a B average or higher); if you are a member of certain professional organizations; your age; and how you plan on using your vehicle (having a low-risk occupation matters here). Those who have a claim-free driving history free of accident claims, at least in the last few years, are the most likely to receive some form of discount.
Which Policy Discounts Are Available?
Finally, we get to policy discounts. These may not be related to the vehicle you drive or the kind of driver you are, but they can still directly affect the price of your premium. The entire goal here is to give car insurance companies an incentive to offer you a discount.
These include having multiple vehicles under a single policy; being a loyal customer for years; bundling two or more policies together (such as homeowners and auto insurance); and paying the entire price of your premium upfront.
As you can plainly see, there are several auto insurance discounts that drivers can take advantage of, but they vary among all the different insurance companies out there. That’s why it’s so important to work with an insurance agent who will help you do some comparison shopping to make sure you’re getting the best deal possible for where you live. You may discover you can save a ton on your auto insurance premium!