Many of us spend a large portion of our incomes on car maintenance, repairs, and auto insurance.
To help decrease the high costs associated with car ownership, it is extremely beneficial to be cognizant of ways to save on auto insurance. Auto insurance can get expensive, but many people are unaware of the auto insurance discounts available to them. Below is an overview of several types of auto insurance discounts you may not know about.
Have Multiple Cars Under the Same Insurance Policy
If you own more than one car, consider having them all insured under the same policy with the same company. The average discount from sharing the same insurance policy is 25 percent off per car.
Find out What Types of Insurance you may Combine
There are many types of insurance that the average person may end up paying for. Look into the various insurances you are currently paying and find out which ones could be combined with your auto insurance policy. Doing this can usually help you to receive a discount.
Prove that you are a Safe Driver
If you opt to voluntarily take a defensive driving course, you learn new methods to keep you and others safe on the roads. Many insurance carriers will offer discounts to those who can prove that they have taken this course. Furthermore, if you have a clean driving record, you are likely qualified for more discounts.
Be aware of Car Features that can Save you Money
Today’s technology offers a plethora of safety features that can both increase your safety on the road, and save you money on your auto insurance. When shopping for a new or used car, pay close attention to car features. Motorized seat belts, air bags, anti-lock brakes, running lights, and alarm systems are a few examples of car components that provide more safety and lower your insurance bill. Also, know that many insurance carriers are starting to offer discounts to drivers of environmentally-friendly and alternatively-fueled cars.
If you are Married, Take Advantage of This
The statistics that auto insurance carriers use to plan their policies reveal that married drivers are less likely to end up in car accidents than single drivers are. Do know, however, that you might have to ask your insurance carrier in order to receive this discount.
Take Advantage of your Teenager’s Good Grades
The same statistics that show married people are likely to be better drivers reveal that teenagers who earn good grades are in fewer car accidents than those with poor grades. If your teenager has a “B” grade average or above, then you may apply to receive this discount.
There are Many Other Auto Insurance Discounts to Enjoy
Seniors, or those who are 55 years or older, may qualify for a senior discount. You may also qualify for a discount if you serve in the military. Know that some insurance carriers offer loyalty discounts to those who have been using the same insurance policy for a given period of time. Ask your agent if setting up automatic payment from your checking account will give you a discount.
This article was written by Sandy Meyer, who is happy to share her knowledge of insurance with you through blogging. Sandy knows finding the right discounts can be critical to your budget and recommends you check out the Cure.com website for some affordable auto policy options.