Auto insurance is one part of our family finances that we will always have to deal with and so it behooves us to get better informed. We would all love to buy some form of discount car insurance. The reality of that already exists. There are more discounts in car insurance than ever before. Some of the newer vehicles have so many of them that they are often cheaper to insure than some of the older vehicles. Let’s go through some of the discounts that are available when purchasing car insurance.
Multiple Policy Discount – Only a few people take advantage of this discount in spite of it being common. With some of the companies, this discount can even go up to 15%.
Good Driver Discounts – Insurance companies love to reward the driver that has an excellent driving record. These are profitable policyholders and prove to be of help in bringing the over all rates down.
Auto Safety Features Discount – Automobiles with airbags and seatbelts receive lower rates. Anti-lock brakes and anti-theft devices also lower car insurance rates. The vehicle identification number will identify all of these features and so it is important to give that number to whoever is quoting your car insurance.
Young Driver Discounts – Many companies give substantial discounts for high school and college students that have a 3.0 grade point average or better. The drivers training discount has been a standard discount for young drivers. Find a company that has both and you will help lower premium dramatically.
Senior Citizens Discounts – Drivers are given retirement discounts if their age is 55 or above and are no longer employed. Having reached the age of 55, homemakers can qualify automatically with some companies. Mature driver discounts are also available upon completion of a driving course.
Lower Tort Option – In many states, tort option is either lower or limited. This is your ability to sue for pain and suffering. Your ability to sue gets restricted with a lower tort option, though at the same time it can save you 20% or more in your premium. Contact your agent or insurance company to enquire about the tort laws in your state.