Auto Insurance Companies: How to Get Discounts

Auto insurance companies want your business if you're a good insurance risk, so they often offer a discount to preferred customers. When you ask for quotes don't hesitate to ask companies what discounts they offer. Qualifying for a discount or two can significantly lower your annual auto insurance payments.

Driving Discounts

Do you have a good driving record? If you do, you're exactly the type of client auto insurance companies want, and they'll often reward you with a discount. Auto insurance is usually lower for people who have not been involved in an accident for three years or more. A three year period without a speeding ticket or other moving violation may also earn you an auto insurance discount: insurance companies see clear driving records as evidence of safe driving practices.
 
If you're a new driver, chances are good you're paying high auto insurance rates. Many auto insurance companies offer a discount to new drivers if they take defensive driving courses. If you don't use your car much, let insurance companies know it: Low annual mileage can also earn a discount.

Auto Insurance Companies and Vehicle Safety

The safer your car is, the happier auto insurance companies are. Safety features reduce the chances of injury if there's an accident. Cars with automatic safety belts and airbags may qualify for an insurance discount. Built-in antitheft devices are also often rewarded with an auto insurance discount.

Extra Cars and Homeowner Insurance

The more policies you have with insurance companies, the more likely it is that they'll offer you a discount. Buying auto insurance for more than one car may lower your rate. If you use the same insurance company for homeowner insurance and auto insurance you may also qualify for a discount.

Other Discounts

Auto insurance companies may offer lower auto insurance rates for other reasons. Drivers over the age of fifty often receive age-related discounts. Students with good grades may qualify for a discount. If you're part of a carpool, you may also qualify for lower auto insurance rates. Additionally, certain occupations, such as teacher, may receive discounted rates.