Auto Insurance – Save A Lot Of Money On Auto Insurance: Avail Of Auto Insurance Discounts

Auto insurance companies offer premium reductions, special insurance rates or discounts. These you should take advantage of to save even more on your auto insurance. Here are some of the premium reductions, special insurance rates or discounts that you can avail of.

a. Low mileage discounts

The distance from your house to your work or school determines your daily exposure to risk. It also determines vehicle use, whether you use it for personal or business use. Your premium is calculated based on the average distance you drive annually or how far you commute from to work or school. Therefore, the shorter the distance you drive, the lesser your premiums will be.

b. Good student discounts

Students who are currently enrolled and have good grades receive a discount on auto insurance. Many insurance companies offer “Good Student” discounts for young drivers who maintain a “B” (or 3.0) or above “B” average. Discounts are also offered to those family members who are attending school away from home.

c. Multi-car discounts

You can have a much lower premium if you insure two or more vehicles in one policy.

d. Other policies

By availing of other policies with the same company your premium will be reduced. Life insurance policy or homeowner’s insurance policy are examples of other policies. So if you insure your vehicle and home with the same company you will be entitled to a discount.

e. The safe vehicle discount

Discounts can be earned by installing anti-theft devices and safety devices in your car. Examples of anti-theft devices are anti-lock brakes and alarms, safety devices are airbags and factory-installed mechanical seatbelts. Many insurance companies offer discounts for this devices installed in your vehicle.

f. Age – Being at least 25 years old

Auto insurance premiums tend to be lower once a driver turns 25 years old. This may be because the driver’s rates are calculated in a different driver class. Risk assessors have determined that drivers below 25 years old are inexperience driver and immature so is more accident prone. So as the person becomes more responsible the risk of at-fault accident decreases.

g. The good driver discount

Avoiding traffic tickets and accidents can greatly decrease your premiums. Discounts are offered to drivers who have not had accidents or received tickets in the last 3-5 years. Drivers who have completed a driver’s training course can also avail of discounts offered by many insurance companies.

h. Avoiding installment fees

Sometimes, you can save on the premium by paying 6 months of an auto insurance premium in advance instead of monthly. Buying a 12-month policy can save you even more. This is because most insurance companies charge service fees for installment payments.

i. Prior insurance

Some insurance companies offer discounts to those who have been continuously insured for the last 6 months or more.

j. Good credit score

Insurance companies generally adjust rates by judging your risk, so a good credit standing can lower your rate.

k. Car pooling and use of public transportation

Some insurance companies offer public transportation, as well as carpooling discounts. Because the more you use public transportation and carpooling, the less you use your car. And it’s unlikely for you to have car accident, because you drive less.

About the Author: Fred Gagnon is an expert on providing tips and information on jewelries. He owns a wide collection of stunning, glamorous and chic jewelries. To learn more about jewelries, accessories, precious metals and gemstones, visit Peridot Rings and Princess Cut Engagement Rings.