Owning a car can get pricey. Not only do you have to worry about the up-front costs of buying a car, but you will also have a monthly payment if you finance it. These payments can stretch your budget and be challenging to manage. Then, you have to consider how much you will spend on car maintenance, repairs, and gasoline. Before you know it, you are committing to a few hundred to several hundred dollars a month. To top it off, you must carry auto insurance. Your costs will vary depending on different factors, but discounts can be available to ease your burden.
Bundling Discount
With some online research, you can find insurance companies that will not only cover your car but can also insure other assets. These may include your home, recreational vehicles, and motorcycle. Instead of purchasing insurance for each of these from different companies, why not use the same insurer? You can save a lot of hassle by working with a single insurance company to cover your car, house, and other items simultaneously. Many companies will even offer a discount on your premiums if you group policies. This will lower your car insurance premium as well as the premiums on the other items your insurance is covering.
Good Driver Discount
Car insurance companies want to help you through troubled times when you need to make a claim. The companies also want you to be safe and stay away from accidents. It is a big cost for these companies to pay settlements for damaged vehicles and injured motorists. To reduce these claims, companies encourage safe driving and reward safe drivers. Hartford insurance reviews may provide more insight into this topic. Depending on your track record behind the wheel, you could see your monthly payment go down if you avoid accidents and moving violations.
Good Student Discount
Any parent who has teenage drivers knows how insurance costs can skyrocket when these young people start to drive. Monthly premiums will go up because there is more risk with these drivers. There is help, however. Your insurance company may offer discounts on rates if your son or daughter achieves high marks in the classroom. Ask your insurer about good student discounts and how much such a discount could knock off the final price.
To participate, the parent must be diligent about submitting the child’s grades. Once a report card is available, the parent should send a copy of the grades to the insurance company. The student must attain a certain level. If the student does this, the insurance company will reduce the premiums for a time.
Customer Loyalty Discount
Any good business wants to build a dedicated customer base and keep those clients around for the long haul. As a customer, you will not stay around long unless you believe the company takes care of you. Excellent customer service, quality products and offerings, and responsiveness are vital for car insurance companies. Insurers can reap the rewards from treating people well.
If you show loyalty and buy insurance from a company for several years, the company may reduce your premium. Ask your agent about this possible discount. Make sure you know the guidelines with the discount, including how long you must be a customer and how the discount will affect your payments. This discount is a good incentive for staying with the company and telling other people about it.
Vehicle Features Discount
With some insurance companies, the type of car you drive and the accessories you have could give you a discount. Installing parts and systems such as air bags, anti-lock brakes, and a theft system could cut your insurance payments. Also, newer cars tend to cost less to insure than older ones. Purchasing an anti-theft device can also result in you getting a discount. Your care may already have these elements. Make sure you talk to your insurance agent about what components qualify for getting a price break on your insurance bill.
Before you get frustrated with your monthly car insurance payment, consider these possible discounts. Your insurance agent can walk you through these options and whether you are a good candidate. You can save money on your payments. Plus, you can rest easy knowing that you have done your part to stay safe.
