Policy Savers!
Posted by: info | June 8, 2007
Insurance rates are at all time highs. However, there are many hidden gems or policy diamonds that can help reduce insurance cost, if you know about them. Most insurance policies cover a period from six months to one year. These money saving features can end up reducing your policy hundreds of dollars.
Pay your policy in full; Most insurance companies can offer discounts to customers who pay their entire premium in full. A premium can be defined as the amount an insurance company charges to keep a policy current. You can pay a monthly, quarterly, semiannual or annual premium. Discounts can be found if you pay the entire amount of your policy in full.
Daytime running lights; Some drivers are enjoying 5-15% discount for having daytime running headlights. Daytime running headlights can be defined as headlights that are always on while the vehicle is running, even in the daytime. Insurance companies enjoy the safety aspects of the daytime running lights. Insurance companies are able to provide discounts for drivers with daytime lights because they are assured that these lights are safer and more visible during rain, sleet, snow and fog.
New Car Discounts; Buying a new car can be very exciting and rewarding. Best of all, a new car can also save you money on your auto insurance. A new car is considered a vehicle with no previous owners or never titled. Insurance companies know drivers with new cars seem to be more careful, much more aware of their surroundings and the cars are equipped with the newest safety features.
Senior citizen discount; Insurance companies that offer senior citizen discounts know that these drivers (citizens over the age of 55) seem to be much more careful, drive less and follow most laws.
To get the lowest possible rate, combine any of these discounts with other more common insurance discounts you may qualify for such as a defensive driving course
- security alarms
- anti-lock brakes
- low mileage discounts
- discounts for good credit
- student driver discounts
- parent’s policy discount for younger drivers
- marriage discount
- multiple car discount
- combined policy discounts
Not every insurance company offers these or any discounts. It is important to shop around and compare rates to get cheap rates. Before renewing or buying a new policy, ask your insurance company or agent if you qualify for any of these discounts or other special offers.
Do you know of any auto insurance discounts we missed? We would like to hear them.
Posted in: Coupons and Specials, Insurance, General |
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