According to a survey last year, most people are not aware of the auto insurance discounts available to them.
If money is tight, then you should know about these options that most insurance companies offer.
You may have had the same insurance policy for your car or motorcycle or truck for years.
You probably never thought to go back and see if the policy still meets your needs or if you can get discounts that add up to huge savings at the end of the year.
Here is a list of discounts you should discuss with your insurance agent.
Multiline Discounts
Are all your insurance policies with the same agent? Then ask them about multiline discounts. Insurance companies may save you up to10% or 15% discount if you insure your vehicles and home with them.
Military Discounts
If you or a member of your immediate family are in the military (active duty, reserve, guard, ROTC, OCS, OTS) or retired from the military then your insurance company may offer a military discount. Some insurance companies may not offer this extra incentive as they find that their rates are already low.
If your company doesn’t offer this and you live near a military installation, call around or search for an Auto Insurance company that deals specifically with the military.
Standard Discounts
There are a lot of discounts that are pretty standard, but here’s a quick list of some standard discounts to ask about.
Work from Home
Insurance companies offer a low-mileage discount that can save you 5-10% on your auto premium.
Accident-Free
If you haven’t had an accident in the past 3 years you might qualify for an accident or good driving discount. Ask your agent about how to qualify for this discount as each insurance agency has its own qualifications.
Safety Features
Certain safety features like approved anti-theft devices, anti-lock brakes, or airbags could save you up to 10% off your premium.
Quirky Discounts
Not all insurance agents offer the following discount, but if you fall into one of these categories, give them a ring and see if you can save an additional 5%.
Teenagers
Some insurance companies will give you credit if your teenager is in the Boy or Girl Scouts. If they’re not, call and ask your agent if they offer other organizational discounts for teenagers such as a good student discount or one for taking driver’s education.
Defensive Classes
If you are older than 55, ask if there is a discount if you took a defensive driving class. This could save you as much as 5% off your premium.
Widow Discount
If you have lost a spouse some companies will give you the “married” rate instead of the single insurance rate.
Farmer Discount
Full-time farmers or ranchers may be eligible for an extra discount if you’re insuring a farm or ranch vehicle used exclusively for work on your property.
If you have had your auto insurance for more than 3 years and you have not reviewed it with your insurance agent, give them a ring now and find out what discounts could save you money.
Don’t forget to get specific details, as some discounts are based on regional areas. Ask your agent for any quirky discounts or any discounts that you may not have heard of. Some agents may not think of a particular discount unless someone is there saying, “Are there any other discounts that I am eligible for?”
Recent Comments