Car Insurance Discounts
It can be a very stressful situation when you think of adding a car to your car insurance policy. There are various discounts available, so be sure to do your research to find out if you’re eligible to receive them. Not all insurance companies advise you of discounts that might be useful in finding cheap car insurance, so it’s important to ask questions.
ABS (Anti-lock braking system):
ABS discounts are available to vehicles that have the collision and comprehensive coverage, in addition to traditional coverage. The discount generally gives you a 5% discount on the Collision portion of your premium on that specific vehicle.
Air Bag:
Air bags could result in cheap car insurance. The discount could range from 25% to 40% and applies to the personal injury or medical payments premium on your car insurance policy.
Anti-Theft Devices:
This discount could give you up to 25% off of the comprehensive portion of that specific vehicle on your car insurance policy. Anti-theft discounts could apply to Onstar vehicle recovery devices, window etching, factory installed alarms; disabling devices installed in your car, and electronically chipped car keys. It ultimately depends on your car insurance company and what they would consider to be covered under their anti-theft policy.
Daytime Running Lights:
Depending on your insurance company, this discount could qualify you for up to a 3% discount on certain portions of your car insurance. Daytime running lights are standard equipment, present where you turn your car on, and there’s a sensor that automatically turns your lights on for you.
Multi-Policy Discount:
Most car insurance companies offer up to a 10% discount if you have multiple policies with them, such as a home or renter’s insurance policy.
Adding a person to you car insurance policy can also cause a big impact on your car insurance premium, especially if it’s a teen driver. There are also several discounts that you could mention to lower your premium for cheap car insurance as well.
Good Student:
If you’re a full-time student, 25 or younger, and single; you may be eligible for a discount if you meet your car insurance company’s GPA requirements.
Defensive Driver Discounts:
Depending on your car insurance company, you may be eligible for a defensive driver discount. It would save you money on the premium of the vehicle you’re driving. This may also apply to new drivers who complete a driver’s education course. Again, this depends on the state and your car insurance company.
The best way to locate cheap car insurance discounts is to obtain free quotes from reputable car insurance companies. Start by entering your zip code at the top of this page today.
