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Car Insurance Deals – According to Bankrate, the average American driver pays $1,655 a year for auto insurance. That’s $138 a month. There’s no denying that car insurance is a big expense for many Americans.
You are unknowingly leaving money on the table with car insurance, there is a treasure trove of discounts hidden in the maze of premiums and policies.
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From loyalty bonuses to safety feature bonuses, we take a detailed look at each discount and explain how you can qualify and take advantage of these savings. Whether you’re an experienced driver or a new insurer, this article is your road map. to lower your insurance costs without compromising coverage Join us as we reveal the secrets to a more affordable car insurance policy.
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. But auto insurers often don’t advertise them, making it easy to miss out on potential savings. we haven’t heard.
Most car insurance companies offer discounts for safe drivers. This can happen in several different ways. You can get a discount by staying accident and ticket free for a certain period of time, or you may be required to download a smartphone app that records data while driving.
This is known as the California Good Driver discount, which is required by the state and guarantees savings of at least 20%.
Some car insurance companies even offer both types. So if you’re a safe driver and don’t mind giving your smartphone data to your insurance company, you can get a few discounts.
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Most insurers base their policies on averages, such as the average US driver driving about 21,500 miles per year.
Eligibility for the low mileage discount can vary significantly between insurers. Generally, drivers who drive less than 7,500 miles per year are prime candidates for this discount, but some companies set the standard at less than 12,000 miles per year. while others may consider 10,000 miles or less to be acceptable criteria. The definition of “low mileage” is not defined and can vary between 7,500 and 15,000 miles per year depending on your insurance company.
Depending on the insurer and your specific conditions, the savings from low mileage discounts can be significant, ranging from 5% to 30% on your standard premiums. up to 10% on car insurance rates, especially if you drive less than 10,000 miles per year.
To qualify, some insurers will ask you to show proof of your vehicle’s total miles at the beginning and end of the year. Others may ask you to use a smartphone app that sends data about the distances you drive.
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Some good driving habits can get you discounts on your insurance premiums. If you and your passengers always wear seat belts, for example, some companies offer seat belt discounts on your plan. Wearing a seat belt increases your safety behind the wheel by reducing the chance of serious injury in an accident and requiring your insurance to pay for medical expenses.
While state-of-the-art safety equipment is often standard on new cars, many carriers offer discounts for installing specific safety equipment, which you can get if your car has the following:
Because they are cars with the latest and greatest safety features, new cars can get you a discount on your insurance premiums. Check with your insurance company to find out if they offer discounts to new car drivers and which model years are eligible. for savings.
If you keep your car insurance up to date, you can get a discount for being a safe and responsible driver, and even if you change insurance companies, you can get a discount on your new plan by proving you’ve continued coverage. period determined by the insurer.
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If you pay for your entire annual insurance plan at once, or even make two payments every six months instead of paying every month, many insurance companies can offer better rates for drivers who pay for a full year rather than paying for one month’s worth of coverage at once.
The same goes for autopay drivers, if you set up autopay, it allows them to automatically deduct payments instead of sending you a payment and waiting.Additional discounts if you combine autopay with paperless billing.
Another common way to get a discount on your premiums is to renew your policy and pay it in full before it expires. must be paid at least one week before the expiration date.
This is not just a hidden discount as a financial rule. When you have good credit, you can generally get better car insurance rates. In addition to low car insurance rates, good credit means you can get better rates on any type of loan you can take out.
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If you have drivers in your family who are currently in school, good rates can be rewarded in the form of car insurance discounts will make good choices behind the wheel, which encourages many insurance companies with discounted rates. Every semester or quarter. You may need to submit a report card to your insurance company to prove that you have maintained the minimum GPA to receive the discount.
This is a discount for parents of students. If you have a student in your family who is going to college in another city and doesn’t bring a car, you can get significant discounts on your premiums. they come home for holidays and school holidays, but you won’t have to pay for their insurance when they’re at school and not driving.
Belonging to certain clubs and organizations may entitle you to discounts on car insurance. Various insurance companies offer discounts to members of AAA, AARP and even Mensa to find out if they offer a member discount to the car insurance company or even if other insurance companies do.
Similarly, several insurance companies offer discounts to active members of the US military, so it’s not a bad idea to check with your auto insurance company to see if you qualify for any discounts.
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Blue Plate Specials aren’t the only way seniors can save money while living.
If you work for the US government, you can save money on car insurance. Some carriers offer discounts for federal employees. car insurance companies teachers, health workers, etc. offers small discounts for
Studies show that married people are safer drivers than single people, and car insurance companies have noticed this, so many of them offer discounts for married drivers or lower rates if you insure two married people from the same family married people are safer drivers tend to be less likely to have large insurance payouts, so insurance companies are willing to discount their rates.
The same goes for homeowners Insurance companies usually consider people who own their homes to be more responsible, and so some will offer a percentage discount on your premiums for insuring your home and car (which can sometimes help). you qualify for lower rates (more on that below).
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Many insurers are willing to offer discounts to proactive drivers
