Discounts are out there for car insurance and everyone knows it. What you may not know is just how many ways you can go about getting a discount. From being a student to driving safely, being a union member to staying loyal, the list goes on and on. And for you, that means big bucks that can remain in your pocket rather than in the insurance company’s hands. Here we go.
Bundle up, and not just because it’s cold! You can save big by grouping your insurance needs for car and home together. Most companies will offer a discount for pairing the two up.
It’s time to join a professional organization knowing the savings will be found with your car insurance. As a member of a professional organization, some insurance companies view it as responsible actions and will offer a discount.
If you have a teenager in the house, get them to hit the books immediately. Being a student alone can result in a discount, but most companies will require a certain GPA or grade for their classes. And even after they have advanced past the college level, there are some insurance providers that offer alumni discounts.
The savings continue beyond school as there are car insurance discounts to be found for certain employee and union members. This doesn’t mean target jobs that offer insurance savings, but it certainly doesn’t hurt to find out if your company qualifies.
Who said you have to be young to get a discount? A lot of companies do offer special pricing to seniors. So regardless of what you may think, insurance companies do still want you out on the road.
Most drivers opt to go for monthly payments, but did you know you can save just by paying annually? Annual payments will save insurers administrative costs like sending bills in and therefore are often rewarded with lower premiums. It may not be a huge saving, but a little is more than nothing.
Insurance companies like to see the same face day after day, week after week, month after month and yup you guessed it, year after year! Loyalty matters in the world of car insurance. If you can stay with one insurer for years on end, this can result in a long-term policy holder discount.
Perhaps the most common way people opt to reduce their premium is by adding the bare minimum for coverage. And while this isn’t always the best way to go, it may be the smartest option if you are driving an older vehicle with little value. Getting minimal coverage required by law typically consists of liability and no collision coverage whatsoever.