8 car insurance discounts that may save you money – In recent times, vehicle or car prices have been increasing tremendously, and monthly auto insurance bills can get pricey and complicated. Are you looking for ways to save money on your car insurance? Welcome to the right article. In this article are 8 car insurance discounts that may save you money.
Meanwhile, car insurance is essential and mandatory for all car owners. It indemnifies you and third parties in case of damages and injuries from an accident. Car insurance also includes comprehensive coverage that insures you from vandalism or theft. Driving without this insurance, you may face penalties like jail time, registration, and license suspension.
Although insurance is an unavoidable premium or expense, there are car insurance discounts that you can take advantage of to help you save money. These discounts will help you slash and reduce car insurance premiums. Follow this article to the very end to check 8 auto insurance discounts that may help you save money.
8 Car insurance discounts that may save you money
Without much ado, the car insurance discounts below can help you remove some cash from high car insurance premiums. Check them out;
Equipment Discounts
One good way you can save money on your car insurance is via an equipment discount. Your insurance company may reduce your premium if your vehicle has specific equipment or features that can prevent injuries and accidents. For example, insurance company like Geico offers a discount for cars with daytime running lights, airbags, and anti-lock brakes. Also, they offer 15 percent off if you have a new car, Which the company defines as not more than 3 model years old.
Good driver discounts
Maintaining safe driving means you will encounter fewer accidents. And fewer accidents mean your insurer will pay less in claims. Insurance companies try to reduce claims by reducing the premiums payable by people with clean and good driving records. In order words, not causing accidents and maintaining a good record may reduce your car insurance rate.
In addition, some insurance companies offer discounts if you are insured for three years in a row without moving violations or causing an accident. And this discount can increase if you stay accident-free over time.
Good grades or student car insurance discounts
If you are a student in high school or college who owns a car, you should maintain good grades. This can make you qualify for a discount on car insurance premiums. The insurance company offers this discount to a student between the age of 16-25 years old with a good grade or GPA.
Bundle car insurance discounts
Many car insurance companies offer discounts if you purchase more than one type of policy or insure more cars. They entice you with the discount to sign up for more services with them than buying from other companies. This step is called multi-policy discount or bundling insurance. For instance, State farms offer insurance if you have homeowners, renters, or condo life policy with a car insurance policy.
You can earn up to 20 percent off if your family or household insures more than 2 cars. In addition, It is very important and advisable for you to ask your insurer about the policies you can bundle to enjoy discounts.
Low mileage discounts
Based on research, some insurers provide discounts to people who drive less than the average of miles per year. The goal behind this discount is to decrease the number of claims. As driving fewer miles on the road means a lower chance of being involved in an accident. You can enjoy this discount if you are a driver who drives less than the average.
Payment discount
You might also be able to save on car insurance by paying your bills in a certain way. For instance, some insurance companies offer discounts for paying your policy in full. Or for setting up automatic withdrawals for your payments per month. These options help to guarantee that you make payment in full and on time.
Zip code discounts
Where you park your car or live may also impact or affect your car insurance premium. States in the country are dived into car insurance rating territories. Insurance companies or agents make use of this map to base the rate for every zip code on the claim history of the people with the policy who live there. As some states or places have a higher risk than others. However, the details may vary from state to state. Some states are stricter with this practice than others
Affiliation discounts
If you belong to a club or group, you may also be able to enjoy discounts based on your affiliation with groups through jobs, membership, or services. For example, insurers often partner with Federal organizations, military branches, federal organizations, military branches, alumni associations, unions, and other professional organizations.
Contact your insurance company today and add discounts to your policy. You can add car insurance discounts in different ways such as by phone, insurance company website, or app.
