How To Access Auto Insurance Provider Discounts
So you're in the market for a new auto insurance provider but you're confused about what discounts you're eligible for. Auto insurance doesn't have to be the bane of your financial existence. Know your "insurance rights," and where you can cut corners. Be an informed shopper, equipped with what you bring to the "insurance table," e.g., a good driving record or multiple items to insure. It's not always about what they can offer you, but what you-as a good driver-can offer them. You're the reason they are in business, right? Well, then, be proactive in your auto insurance quest by knowing the right money-saving tools and your appropriate insurance needs.
Insurance discounts are not mythical creatures; they are given to drivers who qualify. The first discounts to consider are age and sex. Male and female drivers are offered different rates depending on their age. When a male driver turns 25 years old, his auto insurance rates will drop. Another discount for males (under the age of 25) is offered when there is a change in marital status-from single to married. Have a teenager begging for their license? It's prudent to have them take a defensive driving course. It works preventively by reducing the risk of auto accidents. Another insurance discount for teen drivers is grade point average. Does your teenager do well in school? Well, tell your auto insurance provider so you can get a discount on your teenager's insurance plan. Eligibility can vary, but a few examples are: top 20 percent of his/her class, B grade average, 3.0 GPA or higher, etc.
A few other cost-reducing factors are multi-line discounts, previous driving history, year/make/model of your vehicle and location of your primary residence. The multi-line discount is similar to other "bundle" discounts: The more you insure with your auto insurance provider, the more likely you will receive a discount. From multiple vehicles to life, home and health insurance, all of these qualify under the multi-line discount. One of the most pervasive auto insurance discounts offered in the industry is the "good driving history" discount. Although this discount is customized to each auto insurance provider, no moving violations and no at-fault accidents in the past three years usually warrants a discount; but you will need to clarify this when requesting a quote. And lastly, the year, make and model and primary place of residence (aka your zip code) affect your insurance premiums. Vehicles made after 1994 have certain safety devices-anti-lock brakes and daytime running lights-that may put a few dollars back in your pocket.
Some of these discounts may overlap; but regardless, be an informed auto insurance shopper and know your auto insurance discount rights.