Car Insurance Discounts That Help You Save
Car insurance is one of those things that you have to have, but it continues to get more expensive with each passing day. Fortunately, you can save on car insurance by taking advantage of a variety of discounts. Go through this list of 20 insurance discounts and see if you can find one or several of them that can reduce your premium significantly.
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You might be surprised about how much money you can save just by looking into everything on the list. Contact your insurance company to discuss these discounts if you believe that you qualify for any of them.
1. Safe Driver Discount
The safe driver discount is one of the most popular car insurance discounts. To receive the discount, you will have to have an accident-free driving history for three to five years. Each insurance company has different criteria for issuing a discount for being a safe driver. That's why it's a good idea to compare a few insurance companies before you commit yourself to one company.
The safe driver discount varies between companies, as well. Some providers offer huge discounts of up to 40 percent off the premium to their accident-free drivers.
2. Driving Class Discount
Another one of the popular car insurance discounts is the one that they issue for taking driving classes. You can get some of your premium shaved by learning how to be a better driver.
Defensive Driving Class
A defensive driving class is one of the classes that qualify for a car insurance discount. Defensive driving courses teach you how to look out for other people's driving mistakes and avoid accidents with smart defensive moves.
Driver Safety Course
You can also receive a discount on your insurance if you take a driver safety course. A driver safety course will focus more on state-specific laws and making you feel comfortable behind the wheel. It will integrate some accident-avoidance techniques into the curriculum, as well. Generally, insurance companies offer discounts of 5 to 10 percent of the premium, but some of them may offer more to their drivers.
3. Credit Union Discount
Credit union memberships have a myriad of benefits to them. One of them is that you can get a discount on car insurance if you have an account at one. You may have to prove that you have a credit union account before you can receive your discount from the insurance company. You can do that by showing them a monthly statement or providing them with your account number.
Some insurance companies integrate credit union memberships into their systems, and they issue discounts when new customers first sign up for service. Your credit union membership could save up to 25 percent of your premium.
4. Safety Feature Discount
You can also get car insurance discounts if you have certain safety features inside your vehicle. That's why it's a smart idea to seek those features when you're car shopping so that you can save money in the long-run. Car insurance companies love drivers who have anti-theft alarms and engine immobilizers in their vehicles. They are willing to offer discounts of 5 to 20 percent because of it.
They also reward drivers who have antilock brakes on their cars. Antilock brakes can save you up to 10 percent. If your vehicle is from the 1990s or before then, you can still get a discount for having some safety features. In this case, airbags can save you up to 5 percent of your premium.
5. Multiple Car Discount
Who says having more than one car is a hassle? It's not. In fact, it can get you a fantastic discount on your auto insurance. The multi-car discount is one of the most commonly used car insurance discounts that exist. Let your insurance company know if you have two or three cars in your driveway for various family members. It might just save you up to 25 percent.
6. Multiple Policy Discount
Having multiple cars under one policy isn't the only way you can get car insurance discounts. You can also save a pretty penny when you have multiple policies for one household. Let's say you want to carry car insurance, life insurance, and homeowner's insurance. Some providers will give you a discount if you bundle these policies together for your household.
The amount of the discounts vary, but they can be as much as 10 percent of your premium. It's definitely worth it to look for a provider that favors bundling.
7. Homeowner Discount
You probably didn't realize that where you live matters when it comes to car insurance discounts. Insurance companies look at your environment and consider the risk of a claim. If your risk is low, then they reward you by giving you a discount. For that reason, you can get a discount on your policy if you own a home or condominium.
The discount varies, but it can be as much as 15 percent of your premium. Think about this if you're currently living in an apartment. You might be able to save money once you move into your own home.
8. Good-Student Discount
Car insurance companies have a lot of respect for college and high-school students. That's why they offer them the opportunity to get car insurance discounts for being good students. They don't just offer discounts because the students are enrolled. They have to have a grade point average of at least 3.0 in most cases.
To obtain the car insurance discounts for a student, you will have to provide the insurance company with that person's report card so that they can see the wonderful job the student is doing. The good-student discount can vary between insurance providers, but it can be as much as 25 percent.
9. Good Credit Discount
You probably were unaware that car insurance companies look at your credit score when you apply for insurance. They don't put a hard pull on your credit, but they do use the information to determine the rate that you have to pay for your premium. There is a huge difference between drivers with poor credit scores and drivers with good credit scores. The difference can be as much as several hundred dollars a year. It pays off to pay your debt on time each month and keep yourself as a trustworthy debtor. You can save a lot of money on your premium by doing so.
10. Customer Loyalty Discount
Another one of the famous car insurance discounts is the loyalty discount. Some companies like to show their appreciation to consumers who have stuck with them over the years. They show this appreciation by giving such drivers car insurance discounts.
Customer for at Least One Year
The loyalty discounts can be anywhere from 15 to 25 percent off the premium. Consumers have to have insurance with the same company for at least one year to obtain a discount. The company may offer a progressive discount for each year a driver continues to have a policy. You should compare insurance companies to see which ones offer a loyalty reward.
11. Tracking Device Discount
You can also receive a car insurance discount if you have a tracking device or tracking system in your vehicle. Tracking systems can help the authorities and rescue teams to find you if anything ever happens to you. The discount for the tracking device varies across insurance companies. It can be as low as 5 percent or as high as 20 percent.
12. Military Discount
Everyone appreciates the military personnel and what they have done to serve our company. That's why insurance companies offer discounts to them. You can get up to 15 percent off your car insurance if you live on base and up to 90 percent if you're deployed. To qualify for the discount, you will have to provide your insurance company with proof that you are in the military. Your military ID is probably all they will need from you to get the ball rolling on your amazing discount.
13. Club Membership Discount
You can get discounts on your car insurance if you are a member of certain clubs. For example, you can get a discount if you have a roadside assistance plan. That coverage may help you to get up to 25 percent off. To get your car insurance discounts, you just need to provide the insurance company with the membership number to the organization to which you belong. They will determine your discount, and you should be getting it very soon.
14. Employee Discount
You can also get discounts on car insurance for where you work. For example, you can get an employee discount on your car insurance if you are a government employee. There may also be other organizations through which you can get a discount on your car insurance. Contact an insurance company that interests you and ask them if they offer any discounts to certain employees. You may be surprised to find that you can get an amazing reduction in your premium.
15. Paid-In-Full Discount
Insurance companies reward people who pay their bills on time. Therefore, you can get a huge discount on your premium just by paying for the full year or half-year at once. The insurance company will give you what they refer to as the paid-in-full discount. The amount of the discount will, of course, vary according to the provider and your state and location.
The paid-in-full discount can be as small as 5 percent or a big as 10 percent. Whatever it is, it's worth it to go ahead and get your premium payment out of the way if you can do so.
16. Paperless Billing Discount
You can get discounts on car insurance just by being someone who helps save the environment or lessens the need for paperwork. The paperless billing movement started over 10 years ago, and now most companies offer their customers the opportunity to have their bills sent to them by email instead of getting them in the regular mail.
You can also login to your online account and view your monthly statement online. This process saves the insurance company money, and they are willing to pay it forward by offering some of it in savings on your insurance. If you sign up for paperless billing, you can receive discounts of up to three percent of your premium.
17. Autopay Discount
Another great discount that you can benefit from is the auto-pay discount. Auto-pay is a feature that allows you to enter your credit card or banking information so that the payments can come directly out of that account each month. You won't have to remember your payment dates or send reminders to yourself so that you don't miss them.
The auto-pay feature will automatically take the money from the account that you set up in the system. You can change the information at any time. You might be able to postpone payments or change payment dates if you run into an issue. The best part about it is the insurance discount you can get just for signing up for autopay. You can receive as much as $50 a year on your car insurance.
18. Hybrid Vehicle Discount
Now would be a great time to purchase a hybrid vehicle. Hybrid vehicles are wonderful because they can save you time and money. There are many discounts that you can get for leasing or owning a hybrid car, as well. You can get tax breaks and credits for having such a vehicle. You can also grab hold of car insurance discounts for having a hybrid vehicle.
The discount you receive can be equal to 10 percent of your premium. It's the insurance company's way of thanking you for deciding to ride "green" and be kind to the environment.
19. Senior Citizen Discount
Contrary to popular belief, senior citizens can get car insurance discounts, especially if they are willing to take driver improvement courses over the years. Many states have mandated that insurance companies have to provide discounts to drivers who are age 65 and older. Those discounts vary according to the state the senior citizens live in. This could be your lucky day if you're a senior citizen.
You can get a discount that is between 15 and 35 percent just for making it through life all these years. Add that to some of the other discounts like the safe driver discount, and you could have a pretty low insurance premium.
20. Low-Mileage Discount
Insurance applications ask a lot of questions when new applicants apply to obtain coverage. One question they ask is how far the customer drives each year. The reason they ask that question is that many insurance companies offer discounts for low mileage. You might be eligible for that discount if you drive fewer than 15,000 miles each year. Some providers will offer it to you if you drive fewer than 5,000 miles per year. As mentioned before, it's best to conduct a great deal of research so that you can find the insurance provider that can give you the most for your money.
Honorable Mentions
We've also located some other discounts that we'd like to mention to you. The possibilities of car insurance discounts are virtually endless because we keep on finding new deals you can get. Look over these three discounts and see if there is anything that you can qualify for in them.
Students Away From Home Discount
You can get car insurance discounts if you are a student who lives away from home. If you live more than 100 miles away from home, and you do not have regular access to a car, you could receive up to 30 percent off.
2. New Car Discount
Insurance companies will also give discounts to people who have new cars. Get ready to save up to 10 percent off your premium if you are the proud owner of a car that is fewer than three years old.
3. Emergency Road Assistance
The emergency road assistance discount is another one that is honorable to mention. You can receive up to 5 percent off your premium just for having a car that has emergency road assistance with it.
Contact Us for Assistance
Those are just a few of the many discounts that you can get on your car insurance. There are many more special discounts that you can access if you conduct a little bit of research. You can even contact us if you need assistance in finding a good insurance provider. Our company loves to help debtors and consumers find the products and services they need for purchases, credit restoration, home buying, and more.
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