Car Insurance Discounts
You may be paying too much for your car insurance. Fortunately, car insurance discounts save money. There are a number of little-known discounts that you may qualify for:
Good credit not only helps you get better rates on loans and credit cards, but it can also help you save money on your auto insurance. Studies have shown that people who have good credit are typically better drivers. They are also less likely to submit a fraudulent claim.
Pay Your Bill In Full
If you can make an annual premium payment, then you should definitely consider doing so. Many insurance companies offer discounts to people who pay their bill in full. Not only will insurance discounts save money, but you will have one less thing to worry about because your bill will be paid for the year.
Electronic Funds Transfer
Insurance companies thrive on customers making payments. However, it can be difficult to collect payments. They have to send out statements and keep track of the payments. Electronic funds transfers make things easier for insurance companies. Electronic funds transfer allows the money to automatically come out of your bank account. You will not have to worry about whether your bill is paid on time. You will also not have to worry about having your policy canceled. Keep in mind that you can save 5 to 10 percent on your monthly premiums with electronic funds transfer.
The more you drive, the more likely you are to get into an accident. However, if you are a low-mileage driver, then you will be able to save money. What is considered low-mileage can vary from company to company. In most cases, people who drive less than 12,000 miles per year are considered low-mileage drivers.
Insurers want to develop lasting relationships with their customers. That is why you may be able to save 5 to 10 percent on your car insurance by getting all of your insurance from the same carrier. Keep in mind that this discount is typically applied to all of your insurance.
If you are a doctor, teacher, engineer or lawyer, then you may be able to get a car insurance discount. Active or retired veterans may also qualify for a discount.
Safe Neighborhood Discount
The neighborhood you live in can affect your car insurance premium. Your premium will be higher if you live in an unsafe neighborhood because theft is more likely to happen. People who live in safe areas typically pay less for their premiums. Every company has different rules on who qualifies for car insurance discounts. A customer service representative may not know every single discount you are entitled to have. Contact your local agent and ask them if you qualify for any of the above discounts. If you are looking for a company to save you money on car insurance, let us give you a quote.