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| Auto Insurance - Save Money On Auto Insurance: Take Advantage Of Auto Insurance Discounts |
| Written by Fred Gagnon |
| Tuesday, 15 December 2009 08:22 |
|
Auto insurance companies offer premium reductions, special insurance rates or discounts. These you should take advantage of to save even more on your auto insurance. Here are some of the premium reductions, special insurance rates or discounts that you can avail of.
Auto insurance companies offer premium reductions, special insurance rates or discounts. These you should take advantage of to save even more on your auto insurance. Here are some of the premium reductions, special insurance rates or discounts that you can avail of. a. Low mileage discounts The distance from your house to your work or school determines your daily exposure to risk. It also determines vehicle use, whether you use it for personal or business use. Your premium is calculated based on the average distance you drive annually or how far you commute from to work or school. Therefore, the shorter the distance you drive, the lesser your premiums will be. b. Good student discounts Students who are currently enrolled and have good grades receive a discount on auto insurance. Many insurance companies offer "Good Student" discounts for young drivers who maintain a "B" (or 3.0) or above "B" average. Discounts are also offered to those family members who are attending school away from home. c. Multi-car discounts You can reduce your premium by insuring two or more vehicles in one policy. d. Other policies You can also reduce your premium by availing of other policies with the same company. Other policies may include homeowners insurance policy or life insurance policy. Various insurance companies offer discounts if you have your home insured with the same company that insures your vehicle. e. The safe vehicle discount Discounts can be earned by installing anti-theft devices and safety devices in your car. Examples of anti-theft devices are anti-lock brakes and alarms, safety devices are airbags and factory-installed mechanical seatbelts. Many insurance companies offer discounts for this devices installed in your vehicle. f. Age - Being at least 25 years old Once a driver has turned the age of 25, auto insurance premiums tend to be lowered. This may be because the driver's rates are calculated in a different driver class. Risk assessors have determined that those who are under the age of 25 are more prone to accidents due to immaturity and inexperience at driving. The risk of at-fault accidents decreases when a person turns 25 as he or she is believed to become more responsible. g. The good driver discount Most insurance companies offer discounts for drivers who have completed a driver's training course. Drivers who have not had accidents or received tickets in the last 3-5 years are also offered discounts. Avoiding traffic tickets and accidents can greatly increase your premiums. The insurance company could also cancel your insurance policy on your next renewal because of these. h. Avoiding installment fees You can save on your auto insurance premium by paying 6 months in advance instead of monthly. As most insurance companies charge service fees for installment payments. You can save even more if you buy a 12-month policy. i. Prior insurance If you have been continuously insured for the last 6 months or more you can also avail of discounts. j. Good credit score Usually, insurance companies adjust rates by judging your risk. Meaning, if you have a good credit score your rate can be lowered. k. Car pooling and use of public transportation Some insurance companies offer discounts to drivers who often use public transportation and carpooling. The idea is the more you use car pooling and public transportation, the less you drive your vehicle, which means the less likely you are to have an accident. About the Author: About the Author: Fred Gagnon specializes in providing tips and information on jewelries. He owns a wide collection of beautiful, glamorous and chic jewelries. To learn more about jewelries, accessories, precious metals and gemstones, visit Vintage Engagement Rings and Pink Sapphire Rings. |