The Regular Types of Discounts Offered to Customers by Auto Insurers Articles | Insurance

By: Darren Williger

Auto insurance rates are already high so there’s no need and no reason for you to pay more in insurance premiums than you actually have to. Some of the nation’s best insurance companies offer a large variety of discounts to their customers. The best thing to do is to let your agent know when qualify for such offers. When you combine different discount offers you can easily reduce your insurance premiums by as much as half their original costs.

These are just some of the common discounts which about 300 auto insurers in the country currently offer:

Multiple Vehicle Discount. If a person is registering more than a single vehicle, then they are subject to insurance discounts. These sorts of discounts apply to cars, trucks, motorcycles, RV’s, trailers and some boats as well. You should contact your agent for more specific details.

Multiple Driver Discount. Insurance agencies are aware that two people can’t drive the same car at once so they give multiple discounts to permit customers who have more than one car for each driver in the household. That way they only pay for the particular cars that are driven and the drivers in them.

Multi-Policy Discount. This is an excellent way that you can save on your insurance requirements. You should choose a company that offers discounts if you have more than one policy. You should then proceed to combine your different insurance policies under a single portfolio. Companies also tend to count different financial saving plans such as 401K’s Roth IRA’s, money markets savings plans and college funds as additional policies to make sure that you get the discount..

Low Mileage Discount. The less period of time your car spends on the road, the lesser the chance that you will have of getting involved in an accident. People who only commute locally or who have a second car that they rarely use, should inform their insurance agents. The lower the mileage that they have the lower their insurance premiums are as well.

New Vehicle Safety Discount. If a person owns a new vehicle that comes with safety features like side passenger airbags and other safety accessories included, they may get a better discount.

Anti-Theft Device Discount. You should let the insurance agent know if any anti-theft devices are installed in your vehicle because that way you may qualify for a special discount.

Good Student Discount. Rates for students, especially male students, can be especially high. Some insurers have however recognized that honor students are the better drivers and now honor good grades with cheaper rates. This applies to people who are in college as well as people who are in high school too.

Accident Free Discount. Depending on how long you have gone without an accident you may get better insurance and more discounts. This applies for most insurers.