AUTO INSURANCE ARTICLE

Maxing Out on Discount Auto Insurance

By: james_writer

You might already know that when you sign-up your home, car, and health insurance, with one company, chances are, you can avail of big discount rates. It also applies when you sign-up more than one vehicle with the same auto insurance company. Too, it is common knowledge that if you have been maintaining an accident-free or ticket-free record in the last three to five years, you are qualified for big discounts from your auto insurance rates. Getting quotes online where you can compare hundreds and hundreds of offers, could also pull down your auto insurance rates.

But more than these, there are other ways by which you can max-out on discounts given by auto insurance companies. Depending on which company you are signed up with, some give discounted premiums on the basis of the policy applicant’s academic credentials and profession. But which academic background and line of work?

Investing in your college degree is worth something. Recent studies suggest that drivers with science, mathematical and engineering backgrounds show lower risks than other drivers. So if you happen to be armed with degrees in these courses, and you have a good driving record, you may search for auto insurance companies who give this discount, normally within the range of 10 to 30 percent.

Also, are you a student with good grades? Some companies see this as a signal for a disciplined driving behavior, so show those A’s. And be rewarded with meaty cuts in your premium payments.

Good news for those in the teaching and farming occupations. The auto insurance industry has been doing studies all these years as to which occupations are less risk-prone. And their findings show that teachers and farmers fit the bill. Ask your auto insurance representative if your policy can avail of this discount.

How about policyholders who often get long-term postings abroad? Like soldiers fighting wars in Iraq or Afghanistan, English language teachers in Japan and Korea, USAID or UN development workers stationed in Asia or Africa, or executives on loan with their subsidiaries in other countries. Most probably,your car will be left on storage, while you are away. Tell your insurance company of your circumstances. Chances are, they may allow you to drop your liability and other coverages while you're out of the country. Some companies will chop 25 percent off your comprehensive bill while your car stays in the garage on a longer term.

Investing in a driving improvement course can also knock off a significant portion of your premium rates. Successfully completing the course does not just have an effect on your safety rating, but also on your confidence as a driver. Which in turn makes you less susceptible to road accidents or makes you more of a defensive driver.

Some discounts are more pronounced than others. Some company can be straightforward in what discounts they can give. And there are some where your inquisitiveness would get the better for you. Go ahead, ask. Who knows, you might just get a better bargain than what you already have.