You probably hear a lot about discounts on auto insurance; television
commercials for various companies strongly advertise all the discounts they
have available. Most insurance companies do have many ways you can
qualify for better rates, and some of them are better known than others.
Although you won’t qualify for all of the discounts, you can make certain you
are getting all the appropriate discounts on your premium.
Insurance companies want to get as much of your business as they possibly
can, so they offer good discounts when you add more policies to your
account. Multi-policy discounts can include options such as multi-car,
auto/home, auto/life, and many other combinations of policies. Some
companies even offer a discount if they insure your boat or RV. Qualifying
for these discounts is easy; simply start a second policy with your insurance
company, and the discount should apply.
Good Driver And Longevity Discounts
These discounts are easy to qualify for as well. If you have a good driving
record, you should be getting the discount automatically. The same usually
goes for a longevity discount. This is a discount that applies to your policies
after you have been with a company for a certain period of time. Often the
longer you continue to renew the policy, the larger the discount will become.
The key to longevity discounts is to stay with one company long enough.
Skipping from company to company for lower rates may not save you as
much in the end as staying in one place.
Discounts For Younger Drivers
There is no question that adding a young driver to your policy can be an
expensive proposition. If you have a teenager new to driving, inquire about
a good student discount that can alleviate some of the cost. You will likely
be required to provide a transcript proving your child has the required grade
point average to qualify. Some companies also offer a new driver training
course, and your young driver can qualify for a discount just by taking the
course. It can usually be done right in your agent’s office. Not only will you
save money, but you will help put safer young drivers on the road.
These are just a few of the discounts you may qualify for with your insurance
company. Each company is different, so be sure to ask so that you don’t
miss out on potentially big savings on your premiums.