When you’re shopping for auto insurance, ask your provider about the following discounts:
Multi-line discounts, also called discounts for “bundling,” go into effect when you purchase two different coverage areas with the same company. For example, many insurance companies offer discounts when customers bundle homeowners insurance and auto insurance.
Multi-car discounts are like “bundling” with the key difference being rather than buying multiple products from the same company, you’d be covering multiple cars. Basically, the more business you give to a company, the higher the incentive is.
Safe Driving Discount
Also called an “accident-free” discount, when you can show that you don’t have many accidents on your record, you might get a discount on your auto insurance quote. Some safe driving discounts go into effect after a certain amount of time without a claim.
Good Student Discount
Some companies go the extra mile to incentivize being a good student and citizen, and it’s a fact that students with high grades are often more trustworthy on the road. These discounts are only offered to school-aged drivers but can save significant sums of money when it comes to getting insurance for someone who is part of the population that car insurance companies consider to be riskier than others.
Discounts for Installed Safety Features
Many insurance companies offer discounts to drivers who have specified safety and security features installed in their vehicle. Anti-lock brakes are a feature that, despite being present in most modern vehicles, can trigger a discount on car insurance. Another feature that often triggers a discount is an anti-theft system in the car.
Discounts for Affiliations
Some companies may be affiliated with certain organizations in the community and offer discounts to members of these organizations when they come to the company for a car insurance quote. AARP, local chambers of commerce, and charity groups are examples of affiliations that often yield discounts on insurance products.