Auto Insurance Discounts
By: Good2GoPublished: August 5, 2015
These days it is important to save money whenever and wherever you can. Saving money is the next best thing to actually making money! It will get you closer to a path of financial stability and freedom. Cars and everything associated with them (gasoline, travel, tolls, and insurance) can get very pricey very fast, especially in the event of an accident.
Auto insurance can be one of the more expensive necessities that come with owning a car. While some people purchase their car insurance policy without doing much research, it can be a major relief to your wallet if you qualify for some of the various benefits and discounts that come with your auto insurance package.
Car Insurance Spot Check
Once you select an insurance company, it is important to check to make sure you are taking advantage of all available discounts. If you have been with an insurer for six months or longer, it is equally important to do a Discount “Spot Check” to make sure that you are taking full advantage of all discounts available to you, and to learn if you have become eligible for new discounts. At the end of the day, you will be happy that you did, especially if you qualify for an additional savings.
Auto Insurance Discounts
Driver discounts are exactly what they sound like… discounts granted to individual drivers! The discounts that fall under this umbrella range from homeowner’s discounts to good student discounts.
Good Student Discounts
A common form of driver discount among new/young drivers is the “good grades discount”. This discount goes to studious individuals that generally fall within a range of 16 and 25 years of age and who maintain a “B” average in high school and/or college. Once obtained, the premium will remain discounted until the age of 25.
Okay, not everyone is a student, but if you are a homeowner, you can qualify for a sizable discount. Usually the homeowner’s discount is not restricted to the owner of a single family home, but includes condominiums and mobile homes as well. As long as the property is owned by the insurance buyer, that can be enough. Proof of ownership can be found through property tax records, mortgage coupons, and other official homeownership records.
It is important to have car insurance even if you don’t own a car! If you are frequently on the road but drive rentals most days or a friend’s vehicle, it is still just as important to protect the vehicle and yourself. The discounts that come with non-owner policies can be significant, but, like everything else, may not be offered in certain states.
Defensive Driving/Driving Ed Discounts
By enrolling in and completing a driver’s education program or a defensive driving course, you can greatly lower your premiums. It’s usually the case that driver’s education discounts are only granted to those who are within a certain age threshold (that threshold being 24 years of age), so it is important to have your kids take a course (assuming they’re on your plan), since the discount they receive will carry over to your plan. No matter your age, you can take a defensive driving course which will not only benefit you in your everyday driving, but can also come with worthwhile discounts.
Policy discounts are granted to holders of insurance who interact with their policies in certain ways. For example: having continuous coverage, more than one car, and a lump sum policy payment up front are all ways to slash your premium. Here are some ways in which you can receive auto insurance for less.
This is a very popular path for many people, since the average family has more than one car. Only have one car? No worries; there are other policy discount options available that can help reduce your premiums.
Prior Insurance Discounts
If you have continued your relationship with your current auto insurance company for more than six months, you can qualify for savings of up to 40%. Time is on your side!
Paid in Full Discounts
If you have the money to bypass your monthly premiums, it may be worthwhile to drop a lump sum on your car insurance. This way, you won’t receive monthly statements, but you could also cut your policy premium by a third. If paying that kind of money up front is difficult, there are still plenty of alternatives.
These discounts deal with your vehicle and the people inside. In order to qualify for a vehicle discount, be prepared to “modify” your car… for the better. In order to show that you are a responsible and safe driver, look to vehicle discounts and get ready to save big with some minor steps in the right direction. Some popular options include anti-theft and anti-texting upgrades to car and phone. Not only do these keep you and your loved ones safe, they put more money back into your wallet.
Installing a full-front seat airbag or passive restraint system in your car can pocket you savings of 5%.
Cell Phone Safety Discounts
In the technologically buzzing age of today, it is common for people to be using or simply glancing at the cell phones throughout most of the day. This temptation even presents itself when people are in the driver’s seat. Texting while driving is a growing cause of traffic fatalities. To show insurance companies that you are a safe and serious driver, you can install a text and phone call-blocking device that prevents the driver from using his or her cell phone. Not only will everyone be safer, but you can also save quite a bit on your premium as well with discounts as much as 5%.
Maintain Good Credit
Of course, one of the most important factors that can influence the price of your premium is your credit score. Your credit score is taken into account no matter what company insures you, and keeping your score high will help you in obtaining a less expensive premium. It is understandable that most people do not and cannot have perfect credit scores for many different reasons, but once the nature of your situation is taken into consideration, be as responsible as you can and try to get your score back as high as possible.
Every auto insurer has discounts they are willing to give to their customers, but not every auto insurer can provide affordable minimum coverage like Good2Go. With a comprehensive collection of discounts, Good2Go Auto Insurance is dedicated to getting customers driving on the road legally and for less. Click here to find out more information on all the discounts Good2Go has to offer.
The road can be a dangerous and expensive place. Having a reliable auto insurer, like Good2Go by your side can make all the difference when you’re in the driver’s seat. Receive a free car insurance quote from Good2Go Auto Insurance today!