There are many ways you can save on your new auto insurance policy. In many cases all you have to do is ask, in other cases you may need to notify them of steps you are taking to insure your safety. Below is a checklist of discounts that you may apply for, but be sure to notify the auto insurance company you choose, otherwise they will be happy to charge you a regular rate.
Alarms – While most new cars come stock with alarm system, many do not, and a lot of old cars didn’t make use of this feature. Alarms will greatly reduce chances that your car will be stolen. If you have comprehensive coverage, this simple task can save you a bundle.
Pay in Advance – If you choose to pay semi-annually or annually, most auto insurance companies will offer you a discount for paying more upfront.
Low-milage coverage – If you rarely use your car you may qualify for low-milage auto insurance. Be sure to notify your auto insurance company if you aren’t a frequent driver. In some states you may even qualify for by-the-mile auto insurance.
Multiple Driver/Group Discounts – If you are looking to insure yourself as well as a family member under the same policy you can usually get a lower rate.
Many organizations and companies offer auto insurance as well. Getting insurance through your job for example can save you hundreds of dollars under a group rate.
Safe Driving Courses – Taking a safe or defensive driving course is very appealing to auto insurance companies. It shows that you are a safer driver, and are genuinly interested in staying safe on the road. You can typically enroll in these courses for a couple hundred dollars, and it will save you much more in the long run. For new drivers many states now require these classes before you can get your drivers license.
Combine Insurance Types – Many insurance companies these days offer home, health, and life insurance. If you go through the same company for all these different insurance types you can save a lot of money on each of them.
Get Multiple Quotes – The easiest way to safe a bunch of money on your auto insurance is to get as many quotes as possible. Just as if you were shopping around for a new gadget, clothes, or even a new car, prices vary greatly from company to company.
