| Drivers should take advantage of all | | | | student who meets certain grade requirements |
| discounts that many providers offer, that can | | | | and are unmarried and usually under 25 years |
| significantly reduce the cost of car | | | | of age (some states the age is 21) you could |
| insurance. Understanding discounts and how | | | | be eligible for a good student discount. If |
| they can affect car insurance premiums can | | | | you own a home, including condominium, town |
| help smart shoppers make better decisions | | | | home, or mobile home, which is used as a |
| about their coverage and possibly save | | | | principal residence, a discount could apply. |
| themselves some money in the process.Read | | | | Military personnel either currently active or |
| below to identify possible discounts that | | | | retired from any branch of the US military a |
| could help you save money on car insurance | | | | discount could apply. If your vehicle is |
| this year. Other than discounts, there may be | | | | equipped with an anti-theft device, a |
| some other ways for you to save on your | | | | discount could apply.You could lower the cost |
| insurance premiums. We will go over several | | | | of your car insurance in other ways as |
| discounts that can help with your current | | | | well.For people who own older cars, it may |
| situation.First, there are discounts for Car | | | | not be necessary or cost-effective to protect |
| Safety features. Certain states will give you | | | | them with collision and comprehensive |
| discounts for anti-lock breaks. Make sure you | | | | coverage. By comparing the book value of your |
| know if it is two or four wheel anti-lock | | | | vehicle and the premium that the insurer has |
| break vehicle. Automatic seatbelts and | | | | offered, you may find that it cost as much |
| airbags are frequently discounted on your | | | | for the insurance as it does for the vehicle. |
| insurance premiums. In most states, a | | | | If the car is worth less than $2,000, you |
| defensive driver class discount may apply. If | | | | will probably spend more insuring it than it |
| the principal driver usually 55 years old or | | | | is worth. The whole idea of driving an older |
| older has completed an approved defensive | | | | car is to save money, so why not get what is |
| driving class a discount could apply. Keep in | | | | coming to you.In addition, keep in mind that |
| mind that most states will only approve this | | | | the type of vehicle you buy could greatly |
| class if it is voluntary meaning that it was | | | | affect your premium. A flashy red sports car |
| not the result of a violation or | | | | is usually going to cost more to insure than |
| infraction.Some insurers will give you a | | | | a mid sized sedan. This is also true of |
| discount for having multiple cars. In some | | | | vehicles that are on the list of most stolen. |
| cases, this will only apply if you have two | | | | There are many ways that policyholders can |
| or more drivers. If you have a clean driving | | | | save on their insurance. Knowing more about |
| record, meaning you do not have any tickets, | | | | auto policies and premiums can help consumers |
| accidents or suspensions in the last three | | | | take advantage of less obvious discounts |
| years (some companies require five years) | | | | while ensuring that they have the appropriate |
| then you could be eligible for a safe | | | | protection for their vehicles. The last way |
| driver's discount.Many insurance companies | | | | to save is to assume more risk. If you chose |
| will reward you with staying with the same | | | | higher deductible on your Personal Injury |
| insurance company for many years without any | | | | Protection or Comprehensive and collision |
| accidents reported. They will offer you a | | | | coverage will lower your premium as well. The |
| renewal discount. It makes sense, you have | | | | deductible is the amount of money you have to |
| carried insurance with a company for several | | | | pay before your insurance company begins |
| years, and have not had an accident, your | | | | paying the rest.Understanding how discounts |
| insurance company likes you and wants to | | | | affect your car insurance rates is important |
| reward and keep your business. Some companies | | | | to save you money.Matt McWilliams is one of |
| honor you with a discount if you had prior | | | | the co-founders of HometownQuotes.Com, an |
| limits on your previous policy. They discount | | | | online insurance quotes web site. He is |
| you because they understand you are a better | | | | originally from Pinebluff, NC and attended |
| risk.Conversely, if you do decided to change | | | | Middle Tennessee State University. He is |
| insurers a proof of prior insurance discount | | | | considered an expert in the field of online |
| may apply. Most insurers request at least 6 | | | | insurance shopping and finding new ways to |
| months of consecutive insurance from the | | | | help consumers save money on their insurance. |
| previous insurer. If you are a full-time | | | | |