People want to score discounts, and better if freebies, in every expenditure they do daily. But freebies are hard to obtain, especially in the finances department, so you might as well delight at the fact that auto insurance savings are possible through the many ways to obtain discounts for insurance policies, which will be elaborated below.
Low-Risk Jobs
Insurance is anybody’s number’s game, much more so to the providers. As part of what they do before providing insurance coverage, they collect information on what types of consumers usually get involved in accidents. As a result of careful research, a pattern was seen leading to the fact that engineers are the drivers that get into accidents fewer times than others. This is the reason why they often get lower rates in auto insurance policies because they are seen as low risk drivers.
Teachers may get the same lower discounts too. If you are intrigued why these people seem more privileged in the insurance departments, it will never hurt to ask your insurance company. In fact, why not ask what other low-risk occupations they consider worthy giving the low cost auto insurance policies? What do you know? You might be one of them too? And of course you will never know that, unless you start shopping around.
Professional Auto Clubs and Organizations
Perhaps, you have experienced paying lesser amount than the original charge to a hotel or dining restaurant you went in? That is because you are most likely a member of certain organization which that hotel or restaurant is affiliated with, and thus, offers discount to any client affiliated with that too. The feeling is good, right? That also applies to insurance business.
Certain organizations or clubs are affiliated with certain insurance companies. And the same way they do with the hotel or restaurant, they charge a specific percentage off the original policy rate to clients who are members of certain affiliations. In this case, discuss with your insurance agent what possible organizations or clubs are affiliated with the company to get you more savings.
Car Safety Features
Anti-lock brakes, automatic seatbelts, airbags, alarm systems, anti-theft safety gadgets, and other similar features integrated into your car are not only brilliant features that protect you while on the road but also make you eligible to score for discounts on your auto insurance policy. But all the same, check what the company stipulates in this specific area.
Driver Assumes Higher Risk
Asking for a higher deductible, which can be provided if you ask the company to pay for the heavy hits you make and you pay for the little bumps and dings as you go out the streets, is one way to get lowered auto insurance rate in the same way you get lowered premium rates by dropping collision coverage on your older car. Note too that expensive, flashier cars lead the company to have reasons charge you higher rate for the obvious reason that they are easy on the eyes of the thieves.
Renewal and Combined Discounts
Insurance companies like clients who never had to file claims because they got involved in a road mishap. You can take advantage of this matter too by asking for a renewal discount. The company which your car is insured with will be just as happy to oblige. After all, all they do is send you six- or twelve-month premium bill, collect and cash your payments.
You also get auto insurance savings when you combine your auto insurance with your house insurance in the same company. You can discuss this with your agent if such discount is available.