What type of savings and discounts are available?

Insurers discount their rates for good drivers and those who take  safety and security precautions. Depending on the insurer, you can often lower your rates from 5 to 35 percent. Insurers generally offer discounts for: 

  • Clean Driving Record - No violations or accidents. 
  • Safety Features - Anti-lock brakes, air bags and passive restraint systems (i.e., automatic seat belts).
  • Defensive Driving - Clean violation record, driver's education courses for teenagers and defensive driving or accident prevention courses for adults (insurance discounts for the latter are required in some states).
  • Security Systems - Alarms, electronic locks and disabling devices.
  • Changing Driving Habits - Commuting by public transit, using a company vehicle for work-related travel and car-pooling.
  • Buying Home Owners and Auto Policies from the Same Company - If you own a home and an automobile and you are insured by two different companies, check into the cost of carrying both policies by one insurer.
  • Higher Deductibles: You can also lower your insurance rates by requesting higher deductibles. Increasing your deductibles on collision and comprehensive coverage from $100 to $250, or even $500, will bring your rates down. Moreover, you may not need collision and comprehensive coverage if you drive an older car.
  • Multi-Car and Multi-Policy Discount:  Companies give additional discounts for multiple vehicles under the same policy, and for combining your home or tenants policy.

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