Auto Policy Discounts

From your age and gender to your vehicle to where you live, many factors help determine your car insurance rates. There are plenty of auto insurance discounts out there to help you lower your car insurance rates. Here are some of them:

The 3 Main Types of Car Insurance Discounts:

Driver Discounts

• Good driver/claim-free for 3 or 5 consecutive years.
• Good student – having a B average or higher.
• Recently graduating/retiring/married.
• Being a member of certain professional organizations to auto club
• Low-risk occupation
• Driver training – Accredited driver’s education course for new drivers or Defensive driving course.
• Low-mileage – Many companies will offer a significant discount for drivers whose mileage falls under a certain cap.

Vehicle Discounts

• Safety equipment:
  – Passive restraint – This refers to automatic seatbelts that fasten without you having to do anything.
  – Anti-lock brakes.
  – Airbags.
  – Anti-theft protection device.
  – Daytime running lights
  – Blind spot warning
• Alternative fuel – Having a car that takes alternative fuel may get you some savings, based on your insurance company.
• Hybrid vehicle.
• New car.

Policy Discounts

• Multi-vehicle – multiple vehicles on one policy.
• Full payment
• Renewal/customer loyalty
• Bundling – combining multiple policies, like the homeowner and car insurance.
• Homeowner’s – discount for owning a qualified home.

Other

• Federal Employee
• Military Service
• Existing agency customer transferring to a different company

Discounts will vary widely among insurance companies, and the terms of these discounts will vary as well. Remember to do careful comparison-shopping when purchasing car insurance, and ask about any discounts that might apply to you.

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