Discounts have been a buzzword in the insurance industry for many years now; they’re they quickest and easiest way to reduce your premiums. But many people still aren’t sure which discounts are available and how to qualify for them, and they may be missing out as a result. Are you getting all the discounts you deserve? Do you know how to qualify for the best car insurance discounts? These top discounts can save you a lot of money and qualifying for them is easier than you’d think.
Multi-Policy Discount
You might know that insuring more than one car with the same company can save you some money, but multi-policy discounts go beyond having two cars on one policy. You can get a discount on your car insurance and on your home insurance when you have both with the same insurance company. The multi-policy discount is the easiest way to reduce your overall insurance bill, and all you have to do to qualify for it is to put multiple policies with the same company.
Longevity Discount
Shopping around for car insurance quotes can be a great way to find a deal, but there’s also another side to that coin. Most insurance companies offer discounts to customers who have shown loyalty to the company by staying with them for a long time. This is a discount you don’t have to do much to get – simply stay with your insurance.. Of course, it doesn’t hurt to shop around for quotes and compare, but be sure you know what discounts you’re close to qualifying for if you stick around. .
Good Student Discount
The high rates for a young driver can be shocking. It’s true that new drivers can be very expensive to insure, but that doesn’t mean there’s nothing you can do about it. A young driver can easily save money on car insurance simply by hitting the books. Some insurance companies offer what’s known as a good student discount. It may apply to college & university students as well, and simply requires that the student maintain a specific average and provide transcripts as evidence.
This is a discount that can make a difference in the rates for a new driver. Knowing about it ahead of time allows your soon-to-be driver to work on those grades and make sure they will qualify from the day they get their licence.
Safety Features Discounts
While this discount can be given for a variety of different safety features, it’s essentially all the same thing; the car insurance company will reward you for having a car that is safe and secure. Some of the discounts may be for factory-installed safety features, while others may be for after-market items.
Anti-lock brakes and airbags, which are now standard on cars, earn you a discount, a perk to buying a car that is newer. The discount for some of these features may be built into the rate that you pay and may not be shown as a discount on your policy. You can also get discounts for having an approved anti-theft device installed on your car that makes it less likely to be stolen. Each insurance company has its own list of which safety features qualify for a discount, so it’s important to ask and to let your insurance company know when you have added something to your car to make it safer.
Good Driver Discount
It pays to keep a safe driving record. Some car insurance companies will give you a discount for keeping your driving record clean for a set number of years. In some cases, this discount may increase over time as you continue to maintain that record. The discount can be substantial in some cases.
The best part about this discount is that qualifying for it is simple; you just have to drive safely and obey the rules of the road, which is a good idea even without a discount coming to you. If you have a safe driving record and don’t see this discount on your policy, ask your insurance professional if you are elligible. It may be worked into your rate and not listed as a specific discount on the policy.
Getting discounts on your insurance policy is often as easy as finding out if you qualify for them and making sure they’re being applied to your policy. There are many other discounts available, so take the time to sit down and review your policy to see what you could be missing.
