Are you aware that insurance providers offer various types of discounts? Do you know what types and what types of discounts are available to you? If you didn’t do comparison shopping, then you are among the 60% which means – you need to check out what discounts are available and see if you qualify for any of them and by how much these discounts are.
Here are a few of the most popular discounts which are available to people who purchase auto insurance from their insurance provider:
A discount for having a clean driving record is something very few people consider when they are looking for ways to save on their premium. That is such a common discount that almost every insurance company offers it. Along with that, there are also multiple other discounts available such as those for safety features such as anti-lock brakes. Other discounts are those for car safety features such as airbags, anti-theft devices, and more.
Ask your insurance company to enlighten you on the types of discounts that are available to you, you never know you may qualify for something and that could potentially save you hundreds of dollars in car insurance premiums.
Anti-theft device discount. If your auto is equipped with one or more of the mentioned features, you can enjoy a hefty discount. Again, every insurance company is different, so it well worth asking to see if your car is eligible for such a discount.
Multiple car discount. Not only is it great financially for families where there are more than one vehicle, it’s also a very good discount for drivers who possess more than one driver than just the main one. This is especially true if the vehicle being insured is a second car.
When your insurance company agrees to provide you with a discount, you will shortly receive a letter which needs to be filed away or forwarded to your insurance company. The letter should contain the details of your discount, however, you need to get proof of it first otherwise it will not be honored by your company. To make sure that the discount is being honored, you need to receive a written statement from your insurance company or a letter from their executive saying that the discount will not be honored.
There are some insurance companies who offer a one-time only discount. This discount is a temporary reduction in your current policy, effective for the time being. As the name suggests, this is a one-time only discount and is not something that is offered ongoing for periods of time.
Security and safety discount. This is a discount given for the security and safety of the vehicle. This can be majorly beneficial if you are currently in the market for a new car. The decision to purchase a new car often influences the decision to buy a new policy. If you are considering purchasing a new vehicle and are given a low credit score, this will likely mean that the new car insurance policy will be more expensive than otherwise. Sometime this can be more problematic than others, however, there are some vehicles that are associated with a higher risk of theft. If you are considering purchasing a new vehicle and you are given a car that is vulnerable to theft orinance related crimes, you are obligated to purchase a comprehensive and collision coverage for the new car.
There are several ways to get a discount for buying more than one vehicle insurance policy. One of the best ways to receive multiple vehicle insurance discounts is to cover all cars on a policy.