This article discusses the situation in the United States.
When faced with purchasing automotive insurance, taking as many discounts as possible is the most effective way to reduce your monthly premium costs. Most insurance providers offer the same discount if you qualify, but if you do not ask or ask it usually will not even be offered. So, how to save on car insurance? Here we have tips from experienced insurance brokers:
Defensive Driving Course
Leading insurance companies offer a discount on the Defensive Driving Course for qualified drivers. This discount can be significant to save over two or three years with an investment of about $ 30 on most courses. To make sure to ask for a list of approved "course" places before you spend money on course classes or take courses online. Companies like Allstate for example have a specific list of approved course places and there will be no discount if your course is not listed on the list.
Multi-Policy Discount
This is arguably great. Whenever possible, always include the vehicle and the owner of the house or vehicle and the tenant policy with the same company. The discount can be very significant and you can get a discount of up to 25% on premiums in both of your insurance policies. In many cases, savings on a vehicle policy can be used to pay premiums on a tenant policy, so always ask for rates for both types of policies. Insurance companies already know that multi-policy customers will be loyal longer and hence also reduce the cost to get new customers for the company. Because switching insurance companies can be very troublesome, customers with multi-policy accounts will usually remain loyal in some of the next policy update.
Full Payment
Full Pay Discount (BP) is also significant in value, the discount can reach between 10% to 20% of the policy. All insurance companies like paying customers and are willing to discount to get your premium up front. Included in this category is an "auto draft bank" in which the company deducts your monthly premium from an electronic checking / giro account. In this way besides can save your time also money insurance company.
Safe Driver's Discount
Saving money on car insurance takes a little effort. Spend some time shopping online with as many companies as possible and make certain you are getting every discount you qualify for. Reducing limits and increasing deductibles is the last thing a driver should do to save money however; when all else fails talk to an agent about limit and deductible selections. Don’t forget though, the best way to save on car insurance is to go for a free car insurance by simply getting rid of your car.