5 Must-Know Tips for Getting the Best Discounts on Car Insurance
Car insurance premiums can seem high, but there are many ways to save money on car insurance. You can qualify for discounts on car insurance based on car safety features, profession, and other factors.
Top firms typically offer discounts on car insurance like what you can find on websites like carinsurancecheap.net when you pay your policy term upfront rather than monthly payments. This can save you 6% to 14% on your premium.
Drive Safely
Car insurance rates depend on many factors, including your driving record, vehicle type, how much you drive, and where you live. But the most important factor is whether you drive safely.
Avoid distractions like adjusting your radio, eating, playing with a phone, or reaching for objects in the vehicle while driving. Staying alert and recognizing warning signs of sleepiness can also help you avoid accidents.
Practice the Three-Second Rule — when the vehicle before you passes an object, count to three before your car does so. This will ensure you have adequate time to react to the car in front of you and helps reduce your chances of rear-ending it. Also, always obey traffic laws and slow down when approaching intersections.
Insure Multiple Vehicles
A multi-car insurance policy offers some benefits. For one, it is often cheaper. Additionally, it can help you avoid dealing with the stress of juggling multiple policies. It also helps reduce the risk of coverage lapsing due to missing payments.
However, when obtaining discounts for multi-car policies, the rules vary from provider to provider. Some companies only offer discounts if the vehicles are kept in the same household and driven by family members. In addition, some providers may have a maximum limit on how many vehicles can be covered under a single policy. Vehicles that are newer and equipped with safety and security features can also earn you a discount. In addition, you may get a discount if you have had continuous coverage for a certain amount of time.
Bundle Your Policies
Most insurance companies offer a multipolicy or bundling discount when you purchase more than one policy with a company. This can save you money and make it easier to manage your insurance policies. Knowing that you only need to deal with a single insurer if disaster strikes can also give you peace of mind.
However, before you bundle your policies, shop around and compare quotes. Also, remember that insurance costs change over time.
Get a Good Student Discount
When your teen starts driving, it can send your car insurance rates skyrocketing. Many insurance companies offer good student discounts for drivers who meet certain academic criteria.
You’ll need a minimum GPA of 3.0 or higher to qualify for this discount. However, this is a great way to save money on your policy, especially because studies show that students who make good grades in school are also likely to drive safely behind the wheel.
In addition to a good GPA, you may qualify for other discounts, such as being on the Dean’s List or belonging to an eligible fraternity, sorority, or honor society. You can save by taking a defensive driving course and bundling your auto and renters insurance.
Take a Defensive Driving Course
Taking a defensive driving course is an excellent way to become a better driver, but it can also help you get points off your record and save money on car insurance. Typically, you can qualify for this discount once you complete the class and provide your insurer with a certificate of completion.
