As car insurance rates keep increasing, intelligent people are looking for lower auto insurance quotes. There are several different types of discounts available and if you can save some money, then why not? Below is a list of general deductions that may be available to you. Check with your insurance agent to see if you’re eligible.
Individual Automobile Insurance Discounts
These deductions are usually given based on your performance as a driver and insurance policy holder. The other deductions are given based on your present status in life.
Going to Traffic School If by any chance you have recently been ticketed, you may attend traffic school either online or through a traditional setting to have your ticket expunged from your driving record. Indirectly, this will have an effect of lowering your monthly auto insurance rates
Good Student discounts. Insurance underwriters know that students with higher grades have a lower risk of being involved in an accident. Therefore, they will usually offer discounts on your insurance.
Belong to a Professional Organization. Many times, if you belong to a trade or professional organization, you’ll be eligible to receive additional deductions on your automobile insurance. This can include professions such as nurses, pharmacists, scientists, etc.
discounts for seniors. People over 55 can usually receive discounts on their auto insurance. Sometimes, you may also need to take a defensive driving course to qualify for the rate cut. Check with your local DMV to find out what classes are available.
Loyalty Programs. Staying with the same insurer for several years and maintaining a clean driving record will give you a great history with them. Many times, the insurance agent will reward you with your loyalty with special rates.
Preserve a Good Driving Record. Your unspoiled driving history will also let you get automobile insurance discounts. Some automobile insurance underwriters offer up price reductions for drivers and insurance policy holders who have not been in accidents or have not received any traffic violations for a certain period of time.
Home + Car Packages. Your insurance company may give you multi-line price reductions if you insure your home and other automobiles with them as well.
Vehicle Based Insurance Deductions
Your car is a huge factor in shaping how much you’ll be paying for auto insurance. Depending on the overall safety and other features of your car, you can be eligible for certain insurance discounts.
- Car Air Bags. There are many types of airbags: front, rear, side-curtain, etc. The greater you’re protected, the bigger the discount you may be able to receive.
- Anti-Lock Brakes System (ABS). Many automobiles on the road today are equipped with ABS. Many insurers offer deductions if your car is stocked with these types of brakes and many states even require the insurance underwriter to do so.
Anti-Theft Devices. Installation of anti-theft devices like alarm systems is a way to get cheaper insurance rates. There may be an added bonus if the alarm automatically turns on when the car’s turned off.
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This entry was posted
on Saturday, February 28th, 2009 at 11:29 pm and is filed under 4 Wheels, Finance Programs, Hall Of Insurance.
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