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Car Insurance DiscountsIf you are looking for discount car insurance you need to compare multiple cheap car insurance quotes. This website helps you to do just that, simply enter your Zip Code at the top to begin.
Car insurance feels like a burden when money is tight. However, this is not the time to drop the coverage. Many insurance companies are offering car insurance discounts that can take a significant percentage off of their clients’ coverage. If they can qualify for several auto insurance discounts at once, they will be pleasantly surprised at how much money they can save.
The Multi-Policy Discount
The advantage of purchasing an auto insurance policy from a company that sells other types of insurance is that they offer a Multi-Policy Discount. When people purchase life insurance and auto insurance from one company, for example, they receive a reward for their loyalty in the form of a discount. Some insurance companies offer as much as 25 percent off of their clients’ premiums for purchasing multiple policies.
The Safe Driver Discount
Another way to qualify for discount car insurance is to be very safe drivers. To car insurance companies, this means that they have not caused any collisions in the past five years. It also means that they have not received any tickets for traffic violations within this period of time. If this is the case, they receive a 45 percent Safe Driver Discount.
The Deductible Reward
Drivers can also receive a discount off of their deductibles if they remain accident-free. Every year that they do not have a collision and do not need to file a claim for their Collision Coverage, the insurance company will reduce their deductibles by 100 dollars.
The High Deductible Discount
By choosing to pay a higher deductible, some of the risk that the insurance company is taking is shifted onto the policyholder. This entitles the policyholder to another discount. Those who increase their deductibles as high as they can possibly afford may receive as much as a 50 percent discount off of their Collision and Comprehensive Coverages.
The Good Student Discount
Newly licensed drivers are some of the most dangerous drivers on the roads because they do not have the experience to avoid the collisions that experienced drivers often can. This means that teenagers receive some of the highest auto insurance rates when they begin to drive. However, if students between the ages of 16 and 24 can present evidence that they maintain at least a “B” average, their insurance rates can go down by as much as 20 percent.
The Resident Student Discount
Young drivers will be able to receive yet another discount if they are going away to a college or university that is at least 100 miles from home. With this being the case, the chances of this particular young driver causing a collision is completely eliminated, and the insurance company offers a discount of as much as 30 percent off.
The Defensive Driving Discount
After about three years when new drivers leave the inexperienced demographic, their high auto insurance rates began to come down. The opposite occurs when they reach the age of 55 and they enter another risky demographic. Qualifying for discount auto insurance is still possible if drivers 55 and over take defensive driving courses. When they do this, they can receive a 10 percent Defensive Driving Discount.
The Retirement Discount
Mature drivers begin to cause more collisions than they had in the past, but they also are in a demographic whose risks are going down. For example, drivers who are at least 55 and retired are not contributing to the morning and afternoon congestion on the highways as often as when they were traveling to and from a job every day. These drivers can receive the Retirement Discount of 10 percent off.
The Passive Restraint Discount
Because severe injuries increase the amount of money that auto insurance companies need to pay for medical bills, devices that reduce the severity of bodily injuries will be cause for a discount. Passive restraints that take the decision away from the driver and passenger as to whether or not they will wear their seat belts entitles the policyholder to a as much as a 30 percent discount.
The Anti-Lock Brake Discount
Anti-lock brakes help drivers maintain control of the vehicle and help prevent collisions. A vehicle that has anti-lock brakes will be subject to a 10 percent discount.
The Anti-Theft Device Discount
People can also receive discounts on their optional coverage. Comprehensive coverage replaces the vehicle if it is ever stolen, and cars that have anti-theft devices reduce the chances that an auto insurance company will need to make this expenditure. Car alarms give car owners a 10 percent discount off of their Comprehensive Coverage.
The New Car Discount
New vehicles have the latest technology, and some of this technology decreases the chances of the driver being involved in a collision. For this reason, car insurance companies offer a New Car Discount that can amount to as much as 30 percent off of the policyholders’ rates.
The Full Pay Discount
One way that people obtain a 10 percent discount is to pay their premiums for the entire year upfront. This option saves the insurance company the trouble it takes to mail statements and deposit the premiums every month, and people who pay their premiums at one time eliminate these steps. In turn, they receive the reward of the Full Pay Discount.
The Automatic Payment Discount
In some cases, people must pay their premiums by the month, but they can also receive a discount if they help the insurance company eliminate the administrative duties. In these cases, policyholders will receive a five percent discount if have their bank accounts automatically debited every month on their premium due dates.
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