If you’re looking to save money on your next car, auto insurance companies are ready to offer all kinds of discounts and incentives just for taking a few simple steps.
First up, many insurance companies offer discounts for students that earn a certain GPA or higher or earn a spot on the Dean’s List or Honor Roll. Usually it is a B average or a 3.0, but it varies by insurance company. Young drivers who earn good grades should ask about this discount since it can mean as much as a 10 percent discount.
Second, insurance companies like repeat business. If a driver has life insurance or property insurance with one company, that insurance company is likely to give a discount when they want to get auto insurance. Savings can range anywhere from 10 percent all the way up to 25 percent depending on the company and the type of insurance the customer already has.
Finally, there is the obvious notion that insurance companies want safe drivers. It is widely known that insurance companies reward drivers who have been accident-free for three years or more , but it is less known that paying for a few extra safety features will also save money in the long run. Many insurance companies offer incentives to drivers with anti-theft devices or anti-lock brakes. Once again, this can vary according to insurance company, so be sure to ask your insurance agent for more details.
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