It’s no secret there are many different types of auto insurance discounts available to drivers. The secret to receiving these discounts is to know what you qualify for and asking your insurance agent to apply the discount to the auto insurance policy that you purchase. Don’t miss out on the opportunity to save money on your auto insurance policy. Below is a list of discounts offered by various insurance agencies, if you fit into one of the categories, be sure to ask your agent if they can apply the discount to your auto insurance plan.
Safe Divers Discount: It’s no secret that safe drivers are eligible to receive discounts on their auto insurance. Most companies will offer discounts and other incentives for drivers who are accident free and maintain a good driving record. Each insurance company offers different savings and will vary based on individual location. In most cases safe drivers can expect to save up to 20%.
Good Students Discount: It pays to get A’s. Full time students under 25 years of age are eligible to receive the “good student” discount. A good student discount will reduce auto premiums for individuals who fall into the good student category and can help save up to 20% on auto insurance rates. The definition of a “good student” varies from company to company, but as a general rule of thumb a good student has a B Average, a 3.0 GPA, or is on the honor roll or dean’s list.
Resident Student Discount: If you have a child attending college more than 100 miles from home, you could be eligible for the resident student discount. Students who fall into this category are limited to students who do not have a car with them while at college and/or who are only driving when visiting home. Check with your insurance agent today to see if your college student qualifies for the resident student discount, and you can save up to 30% on your auto insurance rates.
55 and Retired Discount: Age related and retiree discounts vary widely from company to company. The first and most straight forward is the 55 and retired discount; if you are 55 years of age and retired you are eligible to receive discounts on your auto insurance. Second is the mature driver discount is a discount offered to individuals simply based on their age. Third is the Senior/Mileage discount is offered to seniors who drive above or below a certain amount of miles annually. And finally, the retired military discount applies to those who have served our country. Not all carriers offer all of the discounts listed, if you fall into one of these categories check with you carrier to see if you can save on your auto insurance.
There are a variety of other discounts offered by insurance companies. Check with your insurance provider if you fall into any of these categories:
- Multiple vehicle discount
- New Vehicle discount
- Anti-theft device discount
- Driver training discount
- Defensive driver training discount
- No Accidents/Moving violations
- Low annual mileage discount
- Safe car features discount (airbags, running lights, etc.)
- Long Time customer discounts
Saving money on your auto insurance can be as easy as asking for the discount. No matter whom you choose to purchase auto insurance from, be sure to ask what discounts you are eligible to receive. Asking about discounts will not only help you find the best price when comparing auto insurance, but will also ensure you are paying the lowest auto insurance price available to you.
