Finding the best car insurance quotes involves a lot of different strategies and techniques. You can negotiate with your agent, do comparison shopping online with a variety of companies, modify your car with the latest in vehicular security technology, and can even benefit from relocation. One of the most common strategies used by consumers, though, is to find and obtain car insurance discounts.
Most insurance discounts out there are offered by companies as a way of obtaining your patronage. After all, the insurance industry is highly competitive, and the market is tight. Therefore, car insurance companies do whatever they can to offer you competitive terms and affordable rates. This is where discounts come in.
One of the most common car insurance discounts available on the market today is a multiple policy discount. This offer basically reduces your premium by anywhere from 5% to 20% on average if you have multiple vehicles on one insurance policy. Many large insurance companies will also offer a multiple policy discount if you have multiple types of insurance policies under one roof. For example, a large insurer that offers home, life, and auto insurance could give you a multiple policy discount for giving them more of your business. With a wide variety of insurance types out there, this is one of the easiest ways to obtain a significant discount.
Another common type of car insurance discount is a safe driver discount. It makes sense that you can lower the cost of your car insurance policy by being a safe driver and having a clean driving record. After all, how safe a driver you are directly impacts how costly you are to your insurer, since they are the ones who pay for any accidents you may have. Being a safe driver may also allow you to enroll in a company’s accident forgiveness program, which can be reserved for and restricted to drivers with good records. Average savings for this discount range from 5% to 15%.
Finally, another of the most common types of discounts is found with the number and type of safety devices on your car. Car insurance does not just cover the damage to your vehicle; it also covers the damage to the driver and passengers of any vehicle in an accident. To help reduce these costs, insurance companies reward policy holders who drive vehicles with air bags, anti-lock brakes, top safety ratings, and other devices that help to protect you from injury. Rear-facing cameras are one of the latest advances in safety devices that can help you save money on your premium. There are plenty of great discounts out there.