Nobody wants to overspend on car insurance. However, there are millions of consumers currently paying more than they have to for coverage. Are you one of them? If you don’t know the answer, you need to focus on reviewing your policy and considering any changes that could save you money. In many cases, you may be eligible for discounts related to your policy. Of course, if you want to take advantage of these you need to speak with your agent.
One of the most common car insurance discounts is related to having multiple cars on the same policy. If you have more than one vehicle, it goes without saying that you should use the same insurance company. By doing so, you are in position to not only save money but to cut back on organization issues related to having more than one car insurance provider.
Do you currently purchase another type of insurance through your car insurance company? This could be anything from home to life to renters insurance. In this case, you should qualify for another discount. Most companies are willing to offer a discount to consumers that buy more than one policy from them.
What about the good student discount? If you currently purchase car insurance for a high school or college age child, you may be surprised to learn that you can get a huge discount – but only if the student is currently receiving good grades. In most cases, car insurance companies want to see a 3.0 GPA or above.
You may qualify for certain car insurance discounts based on groups that you belong to. Are you part of the military? Have you served in the past? If so, you are probably going to get a discount on your policy. Along with this, many college alumni groups have setup car insurance discounts with providers.
You have to Ask
Many people trust their car insurance company so much that they never ask about discounts. In turn, they end up missing out on big savings year after year. Although your provider may tell you about some discounts, there is a good chance that they are holding back on others. Unless you take the time to call your agent and discuss every possible discount, you may be coming up short in this area.
No matter how many car insurance discounts you qualify for, each and every one is well worth it. Even if you only save a couple of dollars a month, this can really add up over the long term.
Most car insurance companies have a long list of discounts. Just how many you qualify for depends on your personal situation. As noted above, though, you have to discuss discounts with your provider if you plan on saving as much as possible.
Which car insurance discounts are you currently receiving? Review your policy and then call your agent for more information.
Common Car Insurance Discounts is a guest post by Chris at Car Insurance Comparison.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.