AUTO INSURANCE ARTICLE

How to Get Discounted Auto Insurance

By: AutoInsuranceGuy

Understanding the factors that auto insurance companies use to assess risk will help you get the best discounts for your car insurance since the ultimate goal is to get the lowest insurance premium rates.

Everyone wants to purchase cheap auto insurance. Obtaining affordable auto insurance could save you hundreds of dollars on a yearly basis. Here are some great ways to get discounts on car insurance.

One important factor that companies consider is your car’s safety features. Anti-lock breaks, automatic seatbelts and airbags will certainly help you to get you discounts on your insurance premium. Having an anti-theft device installed in your car can also provide you with additional discounts with most auto insurance companies.

Some companies in some states also offer discounts for those who have successfully completed an approved defensive driving class. However, most states require that the class must be taken voluntarily, not as a result of a violation. A clean driving record is also a huge consideration, so if you do not have any tickets, accidents or suspensions over the last three to five years (duration varies per company), you have higher chances of getting safe driver’s discounts.

It always pays to be loyal, so if you stay with one insurance company for many years they are most likely to reward you in the form of renewal or retention discounts. Auto insurance companies like customers who are safe drivers who have avoided having accidents and/or violations and they will reward you for this.

However, if you are not happy with your current company and you find the need to change insurers, your new company may offer a discount if you have proof of prior insurance. Most companies require proof of at least 6 consecutive months of insurance from previous insurer. It’s like they are rewarding you for switching to them and make you feel you are switching to a more affordable auto insurance provider.

There are also other factors that may gain even the smallest discounts, but are definitely worth noting. Good student discounts are available for full-time students who meet certain grade requirements, are unmarried, and under 25 years old. If you own a home and you bundle your homeowners and auto insurance with the same company, most carrier will also offer discounts on both policies. Retired or active military personnel can get discounts from most auto insurance companies. You may also want to consider the type of car that you drive. More expensive cars usually mean more expensive insurance premiums. If your vehicle is on the list of most stolen cars then it might be difficult to get a discount, so make sure your car is economical but fashionable (if you know what I mean).

The discounts you gain from one of these may be small, but altogether you will realize that you will be saving a lot of money.