A big part of driving safe and being financially prudent is operating a car insurance policy. Taking out an automobile insurance policy means that you never have to worry about paying out-of-pocket when your car breaks down or suffers a fire accident. Car insurance policies also protect you even to the point of covering your costs if your vehicle gets stolen or damaged beyond repair. No doubt, there are several unique benefits to having the right car insurance. However, one major discouraging factor with insurance is the cost. Taking out insurance policies on your vehicle or vehicles can be a bit cost-prohibitive. Luckily, there are several discount policies you can leverage to reduce some expenses that come with taking insurance.
Some Car Insurance Discounts Available Include
Discount For Taking Defensive Driving Lessons
It may surprise you to know that many insurance companies offer up to 15% discount if you possess a defensive driving lesson certificate from a registered driving school. This certificate entitles you to discounts in several areas such as:
- Personal injury
- Collision
- Liability
Discount for Accident-free Driving Record
Many insurance companies offer different levels of discounts for good drivers. Usually, this particular discount is automatically applied and factored into the insurance policy as you take it out. However, in some instances, you may not automatically qualify for this policy, but given time, you may be able to access it when next you renew your policy. Keep in mind that the standards for qualifying for this discount will differ between insurance policy providers.
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Discount For Low Mileage And Vehicle Usage
One of the main factors that determine how expensive an insurance policy gets is the level of a perceived risk that the insurance company associates with it. If your insurer estimates that extending your coverage is a high risk, your premium will reflect this. The less mileage and use you make of your car regularly, the less risk you are at. Insurance companies acknowledge this fact and as such offer discounts for drivers with low mileage.
Multiple Vehicles Insurance Discount
If you have more than one automobile you would like to take out insurance on; you could be entitled to a discount feature as high as 25%. This discount is spread across the multiple vehicles that you’ll be insureing and can go a long way in helping you save some significant costs. Ideally, many insurance companies demand that the vehicles being insured are owned by people with direct ties such as marriage or blood. However, you can readily find insurers who will offer you coverage, regardless of the absence of these specific relationship ties.
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Discount For Customer Loyalty
Yet another discount you can look forward to is the customer loyalty discount. The insurance world is a very competitive space. As such, insurers will do all that they can, within reason to keep existing customers. This discount is one of the ways that they appreciate their customers, as well as encourage them to continue doing business with the company. There are so many discount policies you can take advantage of to reduce what you pay for your insurance. To find the time to look through the available options to find the ones you’re entitled to and can readily access.
