Discounts may be allowed by the company you chose for any or all of the
following:
- Multiple vehicles on the
same policy. This discount is offered to consumers who insure more than
one car with the same insurance company. Statistics show that individuals
and families that insure more than one car have better than average claim
experience.
- Driver Education courses. A
discount is given to younger and older drivers who can prove completion of
a certified driver-training course.
- Good Student. Students who
earn a B average or better tend to be more responsible drivers and may be
eligible for this discount.
- Safety devices. Certain
safety devices can result in lower cost by preventing accidents or
limiting their severity. Discounts may be available for air bags,
automatic seat belts and anti-lock brakes. Proof that your car is equipped
with these items must be shown.
- Low mileage. The fewer miles
you drive, the less chance you have of being involved in an accident. Some
companies offer discounts for drivers who participate in car pools or
drive to and from work on a limited basis.
- Good driver/renewal
discount. Drivers with a good driving record are given discounts by most
companies as are those who renew their policy with the same insurer.
- Auto/Home package. Some
insurers offer a discount on one or both policies if an individual buys
both homeowners and auto coverage from them.
- Anti-theft devices. The
installation of devices or systems that deter theft or vandalism may also
qualify you for a policy discount. Again, proof of installation is
required.
- Dividends. While dividends
are not discounts, they do serve to lower premiums. Some insurers offer
dividends to policyholders if the sale of auto insurance is profitable for
them. These are declared and paid after the policy period has expired and,
in some cases, may be applied directly to the following year’s premium.
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