Discount Car Insurance
Discount Car Insurance rates are based in part on the car’s sticker price, the cost to repair it, its overall safety record, and the likelihood of auto theft. Many auto insurers offer discount car insurance for features that reduce the risk of injuries or theft. These include daytime running lights and anti-theft devices.
Car insurance companies offer discounts to policyholders who have not had any accidents or moving violations for a number of years. You may also get a discount if you take a defensive driving course. If there is a young driver on the policy who is a good student, has taken a drivers education course or is at a college out of the area without a car, you may also qualify for a lower rate.
Deductibles are what you pay before your car insurance pays anything. By requesting higher deductibles, you can lower your costs substantially. For example, increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage cost by 15 to 30 percent. Going to a $1,000 deductible can save you 40 percent or more on your auto insurance.
If your car is worth less than 10 times the premium, purchasing comprehensive coverage may not be cost effective. Auto dealers and banks can tell you the worth of cars.
Many auto insurers will give you a break if you buy two or more types of insurance. You may also get a reduction if you have more than one vehicle insured with the same company. Some insurers discount car insurance rates for long-time customers and drivers with good driving records.
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