Auto Insurance – Save A Lot Of Money On Auto Insurance: Avail Of Auto Insurance Discounts
Auto insurance companies offer discounts, reductions and special rates on auto insurance. By taking advantage of these, you can save even more on your auto insurance. The following are some of the discounts, reductions and special rates offered by most insurance companies.
a. Low mileage discounts
The distance from your house to your work or school determines your daily exposure to risk. It also determines vehicle use, whether you use it for personal or business use. Your premium is calculated based on the average distance you drive annually or how far you commute from to work or school. Therefore, the shorter the distance you drive, the lesser your premiums will be.
b. Good student discounts
Students who are currently enrolled and have good grades receive a discount on auto insurance. Many insurance companies offer “Good Student” discounts for young drivers who maintain a “B” (or 3.0) or above “B” average. Discounts are also offered to those family members who are attending school away from home.
c. Multi-car discounts
You can have a much lower premium if you insure two or more vehicles in one policy.
d. Other policies
You can also reduce your premium by availing of other policies with the same company. Other policies may include homeowners insurance policy or life insurance policy. Various insurance companies offer discounts if you have your home insured with the same company that insures your vehicle.
e. The safe vehicle discount
Discounts can be earned by installing anti-theft devices and safety devices in your car. Examples of anti-theft devices are anti-lock brakes and alarms, safety devices are airbags and factory-installed mechanical seatbelts. Many insurance companies offer discounts for this devices installed in your vehicle.
f. Age – Being at least 25 years old
25 years old and above are believed to be more responsible, so the risk of at-fault accident decreases, and auto insurance premiums tend to be lower. Risk assessors have determined that those under 25, due to their immaturity and inexperience in driving, are more prone to accidents. Driver’s rate is calculated in a different driver class.
g. The good driver discount
Your insurance policy can be cancelled by your insurance company on your renewal if you got involved in an accident and/or you’re given traffic tickets. Discounts are given to drivers who have not had accidents and received tickets for 3-5 years. Discounts are also given to those who have completed a driver’s training course.
h. Avoiding installment fees
Most insurance companies charge service fees for installment payments. So instead of monthly, you can save on premium if you pay 6 months of your auto insurance premium in advance. Buying a 12-month policy can save you even more.
i. Prior insurance
Some insurance companies give discounts to those insured for the last 6 months or more continuously.
j. Good credit score
Insurance companies generally adjust rates by judging your risk, so a good credit standing can lower your rate.
k. Car pooling and use of public transportation
Some insurance companies offer carpooling, as well as public transportation discounts. Logic says that the more you use car pooling and public transportation, the less you drive your vehicle. And the less you drive, the less likely you are to have an accident.
About the Author: Fred Gagnon is an expert on providing tips and information on jewelries. He owns a wide collection of stunning, glamorous and fashionable jewelries. To learn more about jewelries, accessories, precious metals and gemstones, visit Vintage Engagement Rings and Pink Sapphire Rings.
