Main Types Of Car Insurance Discounts

Available car insurance discounts differ widely from insurance company to insurance company. It can get exhausting trying to discover all the discounts that are offered, and the ones you might be able to apply to your car insurance premium. Essentially, there are 3 categories of discounts, and most discounts fall into those main types of car insurance discounts.  Make sure to get auto insurance quotes online and do some research about the prerequisites.  So, the main types are:

  1. Driver Discounts.

# images (1)They are based on certain features had by the customer: age, gender, profession, etc. The most common discounts are:

  • Good driver/claim-free– Drivers with a safe driving history free of accident claims will have a great chance of obtaining discounted rates (3 consecutive years).
  • Good student – Many car insurance companies offer discounts for:
    • Being a good student (typically, this means having a B average or higher).
    • Recently graduating.
  • Auto club– Some car insurance providers give reduced rates to drivers who get roadside assistance from an auto club like AAA.
  • Professional organization– Being a member of certain professional groups may save you money on car insurance.
  • Low-risk occupation
  • Driver training – You may be able to lower your premium by completing a(n):
    • Accredited driver’s educationcourse for new drivers.
      • Defensive driving course. This option is generally offered to senior drivers.
    • Low-mileage – Many companies will offer a significant discount for drivers whose mileage falls under a certain cap.

 

  1. Vehicle Discounts
  • Safety equipment– Having certain devices installed in your vehicle can earn you savings. Some of the more common discounts are for: Passive restraint, anti-lock brakes, airbags, anti-theft protection devices.
  • Alternative fuel
  • Hybrid vehicle.
  • New car.

 

  1. Policy Discounts
  • Multi-vehicle – You can save money by insuring multiple vehicles on one policy.
  • Full payment – If you pay your entire premium up front, you may get a discount for doing so.
  • Renewal/customer loyalty
  • Bundling
  • Homeowner’s

 

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