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Car Insurance Discount

Getting a car insurance discount is easier than ever. Because the insurance industry is so competitive, insurers are offering many ways to help you get the lowest possible car insurance quote. No matter what your circumstances, with a little digging you can save big bucks on your premiums.

One easy way to get a discount is to get a car insurance quote from the company that carries your other insurance policies, such as your home or life insurance. Insurance companies, like every other business, like repeat business, so this is an easy, likely way to get lower rates.

You might want to consider getting an umbrella policy, a single policy that covers your car and your home. Umbrella policies are especially helpful to those with a lot of assets. An umbrella policy's premiums may be considerably less than having separate home and car insurance coverage.

In a similar way, you may be able to get a discount if you've shown loyalty to your auto insurance provider. If you've been covered by a single company for a long time, the company will reward you with a discount on your next car insurance quote. When you get that car insurance quote, be sure to mention that you've been with them for many years.

It is commonly known that the best way to get a car insurance discount is to have a clean driving record. If you go several years without getting a citation or having an accident, chances are your rates will be significantly better than your reckless sibling. Continue to drive defensively and safely and you will save thousands of dollars.

If your driving record is less than stellar, it is possible to get a car discount if you try to improve. There are many defensive driving courses available for senior citizens and others. Enroll in one and show proof of completion to your insurer and watch your rates go down.

Be sure to use what you've learned in class in order to keep those rates down. Defensive driving simply means being more aware of surrounding conditions and driving to protect yourself, your passengers and your car. You'd be amazed at what you can learn from such a course, even if you've taken one in the past.

Help for Young Drivers

If you have a relatively new driver in the house, you can get a discount on those high rates for teens if you can show he or she is a good student. Insurance companies feel that a top student is likely to be responsible in other parts of his or her life, so they offer them a car insurance discount. It's a good practical way to reward teens for all their hard work.

There are enhanced defensive driving courses for teens as well. These not only cover what they've learned in standard driver's education, they also cover such topics as driving on rainy or snowy roads and how to swerve to avoid or reduce damage during a collision.

Once those teens have left the house, you have more opportunities for insurance discounts. For example, some companies offer discounts if you have children away at college and you have their car in storage. In order to qualify, they will probably not be allowed to drive, neither on campus nor when they are home on break. (If they do, you will have to reinstate them on your insurance or they will have to buy their own.) Still, it is an option worth considering.

Once the kids are out of the nest for good, it's time to look forward to retirement.  Many auto insurance companies provide a retirement discount. Be sure to ask for one when obtaining a car insurance quote.

Auto insurance reimburses your losses in case of theft or accidents, so insurance companies reward you if you show you are trying to prevent your investment. Make sure your car has anti-theft devices, such as alarm systems or electronic vehicle recovery systems and you will likely get a discount. A little investment in safety equipment can save you hundreds of dollars every six months when your premium comes due.

The same is true if your car has anti-lock brakes or air bags. These will keep you and your passengers safe, reducing the insurance company's risk.

Go Green and Save

Another way to get a discount on your car insurance is to drive fewer miles. Consider using other transportation, such as taking a train or bus to work or going for an old-fashioned walk. Going green can result in saving green on your car insurance quote.

The green movement can also reward you if you drive a hybrid vehicle. These vehicles are intended to cut down on fossil fuel use by using electricity and/or hydrogen gas.  In addition to car insurance discounts, there are also income tax credits available for purchasing a hybrid vehicle. And, of course, there is the money you'll save at the gas pump.

One lesser-known way to get a discounted rate is to keep a good credit rating. Auto insurance is all about risk and many companies will consider you a good risk if you show that you pay your bills on time and don't have an overwhelming amount of debt. It pays to check your credit report annually and rectify any errors in it. If your credit score is high, your premiums will be low.

Another little known discount may be available for those who carpool. The theory is that carpools result in fewer cars on the road, thus fewer accidents. This discount may be available to each person participating in the carpool, so it is definitely worth asking your insurer about.

Many other discounts may be available that are not advertised by your insurance agent. If you hear about a particular discount for which you think you qualify, just ask. The worst that can happen is the agent will say no. Ask what other discounts are available; the answer may be a pleasant surprise.

Other Cost Cutters

In addition to outright discounts, there are other ways to reduce your premiums. The chief way is to increase your deductible. While this means you will pay more out of your pocket if your car is involved in an accident, your monthly premiums will be less.

Another possible way to save money is to cancel roadside assistance. While it can be comforting to know that a tow-truck is only a phone call away, if you only use your car for short hops, roadside assistance may not be necessary. Keep a telephone directory in your car and call towing companies directly if you are in an accident. This will save you money on your insurance, unless you have it in writing that roadside assistance is free.

You may also want to consider discontinuing collision insurance if you have an older model car. A car's value declines greatly the older it gets and thus you would only get a small amount from the insurance company if it is totaled. You may be better off canceling the collision insurance and saving the difference in price. Then, you'd have the amount in savings to replace the car if you need to.

No matter what discounts are offered, be sure to get several quotes and watch the bottom line. Ask about any discrepancies between the quotes you get, so you are not comparing apples to oranges. Fortunately a car insurance quote is easy to get: All it takes is a few clicks of the keyboard. Why not take a few minutes and compare car insurance discounts now?

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