One of the easiest ways to save money on car insurance is to take advantage of the various discounts that car insurance companies offer. When looking for insurance you should request quotes from a few different automobile insurance providers to find which company can offer you discounts and lower premiums. Requesting free, no-obligation automobile insurance quotes is as easy as entering your zip code and a few other pieces of information. Read on to learn about the different insurance rate reductions that you may qualify to receive.
- Good Driving: You may be able to save between 1 and 45 percent off of regular insurance rates if you have not had any speeding tickets or other moving violations during the past three years or longer. This is quite possibly the most well-known and widely-offered automobile insurance discount. Some insurance companies will even offer the good driver discount to an individual who has had one recent moving violation.
- Student: The student discount is available to young, single students who are enrolled in school full time and who earn good grades. The specifics vary per insurance company, but typically an insurance company will provide a student discount of up to about 20 percent for achieving a “B” average or better in school. Most insurance companies will require proof that you are maintaining good grades by requiring transcripts each semester or year. This is a great incentive to keep your grades high!
- Good Credit: If you used to have average or poor credit but recently got your credit on track you will want to contact your insurance company to inquire about price reductions for good credit scores. If you are requesting quotes from insurance companies the good credit discounts will probably already be applied if they run credit checks. Insurance companies have found that individuals with lower credit scores are riskier to insure because they have higher claim activities than individuals with higher credit scores. In addition, individuals with high credit scores have histories of paying their bills on time, so automobile insurance providers are apt to believe that these individuals will pay their automobile insurance payments on time as well. The higher your credit score, the lower your automobile insurance premium is likely to be, so work on your credit score if you want to save on automobile insurance.
- Defensive Driving Class:Taking a defensive driving class is a great way to lower your insurance premiums. Many insurance companies will reduce insurance premiums by as much as 10 percent for individuals who take defensive driving courses. By taking these courses, you will also learn techniques to avoid collisions and moving violations, so these courses may also help you receive a good driver discount. Some companies will let you take these courses online, while other companies require standard in-person courses to earn the insurance premium reduction.
If you feel that you are paying too much for automobile insurance, do not hesitate to shop around. You may find that automobile insurance companies offer these and other premium reductions to you, but the only way to find out is by requesting insurance quotes and asking insurance company representatives about the money-saving opportunities that are available to you. Remember that you will always be eligible for the best rates by being a safe driver and a good citizen.