Getting All Of The Discounts Available On A Car Insurance Policy
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Author: Barry Brenner When buying car insurance, there are many important things
to consider. In order to become a smart and savvy car
insurance consumer, and get the best rates possible for
your policy, you need to understand what insurance
companies do, and how to best communicate with them.
Insurance companies are in the business of taking risk. The
amount of risk they take to insure you and the rate they
will charge you are based on a number of variables. Your
driving experience and history, where you live, your age,
how many drivers and vehicles are on your policy, what
discounts are applicable to you, and numerous other
variable are all used to determine the rate or cost for
your policy.
There are numerous discounts available for the consumer on
car insurance policies today.
A multi-car discount will lower the premium on each vehicle
on the same policy. Some companies will sell you a separate
policy for each vehicle and still give you the multi-car
discount. Keep in mind there can be overhead or additional
cost for each policy, so having all of your vehicles on the
same policy could save you money.
Most insurance companies will give full time high school or
college students with a 3.0 or higher grade point average a
discount. This discount could be as high as fifteen percent
on the primary vehicle that the student drives. If the
premium for the student driver is one to two thousand
dollars per year, a good student discount could be a
savings of one hundred and fifty to three hundred dollars
per year. Multiply that by the number of years in school,
and that will add up to a huge savings.
Some insurance companies will give you an occupational
discount depending on your educational background and job
title. Teachers, Medical Professionals, Scientists,
Engineers, Computer Professionals, and other jobs that
require a college degree, license, or certification.
An anti-theft discount can lower the comprehensive (theft &
vandalism) portion of the policy premium. This is generally
considered to be a Global Positioning Satellite (GPS) based
system where your car can be located via a satellite if it
is stolen.
Department of Motor Vehicle certified mature driving
courses are available for senior citizens and can lower
your premium as much as ten percent.
And of course, maintaining a good driving record will allow
your insurance carrier to give you a good driver discount
and keep your rates down.
All car insurance policy owners should check with their
current carrier to see if they are getting all of the
discounts that apply to their policy.
About the Author:
Barry Brenner is a licensed auto insurance agent and the
author of Money Saving Tips About Car Insurance. For the
consumer edge on understanding car insurance, you can
subscribe to his popular newsletter
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