With sky-rocketing car insurance rates, cost concious people everywhere are looking for ways to get cheap auto insurance rates. And why not? If it can save you some cash then go for it, right? Well, there are many ways to get deductions on auto insurance. Try to check if you or your car is eligible for the following price reductions but remember that these are general discounts, you have to inquire with your car insurance underwriter if they offer them.
Personal-Associated Discounts
Person-related discounts are ones that depend on the driver’s own personal situation, status and driving history.
Attending 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 insurance costs
Good Student price reductions. Insurance underwriters know that students with higher GPAs have a lower risk of being involved in an accident. Therefore, they will usually offer discounts on your automobile insurance.
Professional Credits. Some insurance underwriters offer price reductions if they belong to certain organizations or profession, like engineers, surgeons etc.
discounts for seniors. People over 55 can usually receive price reductions on their auto insurance. Sometimes, you may also need to take a defensive driving course to qualify for the discount. Visit your local Department of Motor Vehicles to find out what courses are available.
Loyalty Programs. Staying with the same insurance agent for several years and maintaining a clean driving record will give you a good history with them. Many times, the insurer will reward you with your loyalty with discounted insurance rates.
Keep a Clean Driving Record. If you’ve not been involved in any car accidents or have had any tickets for traffic violations, you should be able to get your automobile insurance rates reduced.
Home + Car Packages. Your insurance carrier may give you multi-line discounts if you insure your home and other vehicles with them as well.
Vehicle Based Insurance Deductions
The type of car you drive can be a huge factor in influencing the price of car insurance. There are also extra features that you can add to your car to make it less costly to insure.
- Air Bags. They present an added safety feature to your car and insurance firms love these.
- Anti-Lock Brakes System (ABS). Many automobiles on the road today are equipped with ABS. Many auto insurance companies offer deductions if your car is equipped with these types of brakes and many states even require the insurance company to do so.
Anti-Theft Devices. Installation of anti-theft devices like LowJack is a way to get cheaper insurance rates. There may be an added bonus if the alarm automatically activates when the car’s engine is turned off.
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This entry was posted
on Thursday, February 5th, 2009 at 2:07 pm
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