YOU ASK:

What are the auto insurance discounts offered by insurers?

WE ANSWER:

Taking advantage of all discounts available under your auto insurance policy, is one of the most efficient ways of saving on car insurance. Since different companies offer different discounts, your insurance agent might not be aware of all the discounts you might be eligible for. Therefore, you should speak directly to your insurer.

List of Available Auto Insurance Discounts

Remember that not all of the existing auto insurance discounts will be available under your policy. Some insurance companies tend to offer more, while others provide a limited number of them. This is why you should learn which of the following discounts are available with every insurer you consider contacting, while shopping around for auto insurance:

  • Air bag discount - you can get between 5 and 10 percent off your premiums if you have front and/or side curtain air bags.
  • Anti-theft device - having it is important since is can lower your premiums with 15 to 20 percent.
  • Anti-lock brakes - installing such on your automobile will make you eligible for a minimum or 5 percent discount.
  • Claims-free renewal - your insurer might give you credit for keeping your auto insurance policy for a longer period of time without making any claims.
  • Daytime running lights - can reduce your premiums with up to 10 percent.
  • A DMV driver course can also make you eligible for a discount.
  • Good student discount - for students with an excellent academic record.
  • Multiple line discount - you can save up to 15 percent of your auto insurance if you have two or more types of policy with the same company.
  • Multiple vehicles - you can insure all your vehicles under one policy and save 10 percent on premiums.
  • Shoulder belts and passive restraints - having your automobile equipped with these can save you 5 percent on your premiums.
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