February 5th, 2009
As car insurance premiums keep going up, everybody is looking for discounts on car insurance. There are several different types of price reductions available and if you can save a few dollars, then why not? Below is a list of general price reductions that may be available to you. Check with your insurer to see if you’re eligible.
Individual Insurance Deductions
Person-related deductions are ones that depend on the driver’s own personal situation, status and driving record.
Attending Traffic School If by any chance you have received a speeding ticket, you may attend traffic school either online or through a traditional setting to have your ticket expunged from your driving record. Indirectly, this will have an effect of lowering your yearly insurance costs
Good Student Discounts. You may also take into consideration your childs grades to get car insurance price reductions. If youre insuring your child who drives and he satisfies the grade requirements of the insurance provider, you may ultimately receive discounts as well.
Professional Credits. Some agents offer discounts if they belong to certain organizations or profession, like engineers, pharmacists etc.
discounts for seniors. People over 55 can usually receive price reductions on their car insurance. Sometimes, you may also need to take a defensive driving course to qualify for the insurance discount. Visit your local Department of Motor Vehicles to find out what courses are available.
Loyalty Credits. If you’ve been a loyal, solid, long-standing client of your insurance firm, they may reward your business with price reductions too.
Keep a Clean Driving Record. If you’ve not been involved in any car accidents or have had any tickets for traffic violations, you should be able to get your automobile insurance costs reduced.
Multi-line car insurance Discount. If you have more than one type of insurance policy with the same car insurer, many times you’ll also be able to get lower auto insurance rates from them.
Vehicle Based Insurance Price Reductions
Your car is a huge factor in influencing how much you’ll be shelling out for automobile insurance. Depending on the overall safety and other features of your car, you can receive special discounts on car insurance.
- Air Bags. They present more safety to you and your car and insurance firms love these.
- Anti-Lock Brakes System (ABS). Many automobiles on the road today are equipped with ABS. Many insurance underwriters offer price reductions if your car is equipped with this type of braking system and many states even require the insurance firm to do so.
Anti-Theft Devices. Installation of anti-theft devices like alarm systems is a way to get insurance discounts. There may be an added bonus if the alarm automatically turns on when the car’s turned off.
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Entry Filed under: Finance Online, Limos + Other Cars, The Insurance Way
