Auto insurance discounts may come in all shapes and sizes, and for a wide variety of reasons. Even though all auto insurance companies will give you a discount for a good driving record, meaning no moving violations or car accidents for the last 3 to 5 years, there is a wide range of other discounts on car insurance that you may qualify for depending upon what kind of car you own, the state you live in, the age of your automobile and its safety characteristics, the kind of auto policy you choose to take out.
For example, some insurers offer a discount if you are over the age of 55 and take a pre-approved defensive driving course. Other discounts include: a senior`s discount if you are over 65, a discount if you have recently bought a new car, and a discount if you own an economy car or a utility pick-up truck. Also, if you are a full-time farmer or rancher, you can qualify for a discounted premium on your ranch vehicle that is used solely for work done on your own property. Many companies also offer "multi-line discounts" if you have homeowner`s or renter`s insurance with the same company or if you are insuring more than one automobile.
Some insurance companies even recognize the fact that certain types of educated people present lower insurance risks, and they now offer education-related discounts of up to 30 percent if you have a bachelor`s degree in science-related fields such as engineering, mathematics or biochemistry. One insurer even gives a discount if you have a student driver on your policy who is under 21 years old and who lives at a school over 100 miles away. Another discount is offered to "Good Students" who are 25 or younger, unmarried, and a full-time student that meets the insurer`s GPA requirements.
Furthermore, depending on what kind of features your car has installed, you may also qualify for special equipment discounts. For example, if your car is equipped with a special anti-theft device such as a cut-off switch, a computer chip coded key ignition, or a GPS tracking system your premium may be reduced. Likewise, you would expect a discount if your car is fitted with safety features such as airbags, automatic seat belts or factory-installed all-wheel, anti-lock brakes. Another factor reflected in your premium will be your automobile`s age, as well as its National Highway Traffic Safety rating and its ease of part repair and replacement.
Still other insurance premium discounts are based upon how low crime is in the area where your car is stored, whether your car is garaged and how low traffic density is where your car is typically driven. Whether you drive the car on business, and how many miles you drive your car annually can also affect your premium. So commuting to work on public transport and flying to your vacation destinations can also reduce your auto insurance costs.
Finally, some insurance companies are now even checking your credit rating when determining your auto insurance premium and a poor credit rating may increase your insurance costs. Still, with all of that said, it cannot be emphasized enough that the very best way to keep your insurance costs down is to maintain a safe and clean driving record. So, compare insurance quotes and rates to choose affordable auto insurance policy that suits your needs.
California - Los Angeles, San Diego, San Francisco, Santa Clara, San Jose
Florida - Miami, Tampa, Orlando, Fort Lauderdale, Jacksonville
Illinois - Chicago, Aurora, Rockford, Naperville, Joliet
New Jersey - Newark, Jersey City, Paterson, Elizabeth, Toms River
New York State - New York City, Buffalo, Rochester, Yonkers
Texas - Dallas, Austin, Houston, San Antonio, Fort Worth
If you want to make an informed decision before committing to an auto insurer you will want to ask questions. How will you be treated as a customer? Is the insurance company a good credit risk? Or will claims be paid promptly and in full? All of these questions should be considered when selecting an insurer, and there are additional steps that you can take to insure that you get a policy with a reliable company. The first step is to consult the Internet. Most states have an insurance department website and all states have a Department of Insurance.
Auto insurance is necessary for every driver no matter how good his or her driving records are. Buying the right type and amount of car insurance can make a big difference in your life, especially if you have an automobile accident and need to make a claim. Most insurance agents will advise you to get as much insurance coverage as you can afford. While this may sound like good advice, the choice of the right car insurance policy is crucial. Before making your choice, take your time to read several tips that help you choose the right type of car insurance policy.