Last Updated on August 2, 2021 by husnain
Owning a car is expensive, as taking care of all the expenses simultaneously is challenging for the user. While you might not have the ability to reduce the vehicle’s repair and maintenance costs, you can surely decrease your car insurance costs by opting for an insurance policy that is cost-effective and reliable.
Multi-Policy Insurance Discounts
Multi-policy discounts work when you buy car insurances and more policies from the same company. Experts often refer to this as a bundling policy. Such multi-line discounts couple your car insurances with another type of insurances policy, leading to a high discount rate, up to thirty percent.
Multi-Car Insurance Discounts
One can grab this discount if you buy insurance policies for more than one vehicle with the same insurances policy. You can seek the cheapest automobile insurance quote for your car and compare them accordingly.
Car Safety Insurance Discounts
If one has safety equipment installed in their cars, they can get this type of discount. Safety equipment includes airbags, anti-lock brakes, daytime running lights, and more. Out of these few mentioned, the daytime running lights offer the least discounts, whereas airbags provide the most. You can also apply this airbag strategy to gain medical payments and personal injury protection coverage discounts.
New Car Discount
If you possess a less than a three-year-old car, you can qualify for a new car discount.
Good Driver Discounts
Good drivers always receive discounts on car insurance. However, an insur ance company will need the driver to remain incident-free for a specific amount of time. The time can range from a year to six or seven years, depending on the policies set by insur ance companies. In addition to that, if you have not violated any traffic rules and are a clean slate, you can obtain additional discounts. Good driver discounts can typically range from ten to forty percent.
Defensive Driver Discounts
There are a few courses which offer certain types of discounts. For instance, the defensive driver course is one such test where auto insurance companies provide you with discounts if you are willing to take an approved defensive course. However, such discounts apply to only specific qualified drivers.
Good Student Discount
Like good driver discounts, one can avail of good student discounts if your student driver is enrolled full time at a college or a high school. Your student driver will need to meet specific requirements, qualifying for a discount. The overall grades of the student play an essential role in receiving the good student discount percentage. For instance, some insurance companies need the student to maintain at least a B grade and meet age requirements of more than 16 and less than 25 years old.
Pay In Full Discount
This type of discount works if you pay the full term amount upfront. Auto insurance companies can provide a discount of up to ten or fifteen percent.
It is always worth asking your insurance agent about the discounts you might levy for. There are a lot of car insurance discounts one is unaware of. Moreover, your insurance agent may not disclose all the policies. Therefore, enquiring with them and carrying out brief research can go a long way.