With increasing automobile insurance rates, cost concious people everywhere are looking for ways to get cheap car insurance rates. And why not? If it can put cash back into your pocket then go for it, right? Well, there are many ways to get deductions on automobile insurance. Try to check if you or your car is entitled for the following price reductions but remember that these are general discounts, you have to inquire with your car insurance agent if they offer them.
Individual-Related Discounts
These price reductions are usually given based on your performance as a driver and insurance policy holder. The other price reductions are given based on your present status in life.
Going to Traffic School If by any chance you have recently been given a ticket, you may attend traffic school either online or through a traditional setting to have your ticket expunged from your driving record.
Good Student deductions. Insurance companies know that students with higher GPAs are at lower risk of being involved in a car accident. Therefore, they will usually offer deductions on your insurance policy.
Belong to a Professional Organization. Many times, if you belong to a trade or professional organization, you’ll be eligible to receive additional price reductions on your auto insurance. This can include professions such as surgeons, pharmacists, engineers, etc.
discounts for seniors. People over 55 can usually receive deductions on their car insurance. Sometimes, you may also need to take a defensive driving course to qualify for the rate cut. Double check with your local Department of Motor Vehicles to find out what courses are available.
Loyalty Programs. Staying with the same insurance provider for several years and maintaining a clean driving record will give you a great history with them. Many times, the insurance firm will reward you with your loyalty with lower insurance quotes.
Preserve a Good Driving Record. Your unspoiled driving history will also provide you with automobile insurance discounts. Some car insurance companies offer discounts for drivers and insurance policy holders who have not been in accidents or have not received any traffic tickets for a certain period of time.
Multi-line Insurance Discount. If you have more than one type of insurance policy with the same insurance company, many times you’ll also be able to get better automobile insurance quotes from them.
Vehicle Based Insurance Price Reductions
It doesn’t come as a surprise that when getting a auto insurance policy, the insurance provider takes a look at your car. Some of these auto insurance price reductions are given because you’ve installed additional safety features.
- Air Bags. They present increased safety to you and your car and insurance underwriters love these.
- Anti-Lock Brakes System (ABS). Believe it or not, some states require that automobile insurance companies give deductions to clients whose cars are equipped with ABS.
Anti-Theft Devices. Installation of anti-theft devices like car alarms is a way to get automobile insurance discounts. There may be an added bonus if the alarm that you installed automatically turns itself on when you turn the car’s engine off.
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Sunday, February 1st, 2009 at 5:37 am.
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