10 Things to Know about Car Insurance Discounts

One of the most difficult things is to get over your own prejudices and outdated knowledge when you are buying vehicle insurance policies. You may discard whatever anyone else tells you but it is very hard to ignore voices inside you. So, you may think that you know everything there is to know about arranging vehicle insurance coverage. If it is so, there is no hard in testing your knowledge from time to time. Here are ten things we gathered and think that you should know.

1. Buying More is Cheaper

You are likely to get larger real-time discounts when you buy full coverage policies. Companies like to offer extra cover rather than dropping their prices. So, you would get a lot more coverage for your money if you look into full coverage policies instead of trying to find the cheapest policy by buying liabilities-only automobile insurance.

2. Be Careful with Higher Deductibles

When you increase your deductibles you are agreeing to pay more out of pocket when you have an accident. Unless you are a great driver and living in a nice place you should weigh the pros and cons and see if the savings worth the extra risk you take.

3. Good Drivers Aren’t the Only Ones Who Could Save

There are so many other savings that you shouldn’t give up on finding them even if you don’t have great driving records. Almost anyone can at least get 1 discount. You will see some of them below.

4. Paying in Full Almost Always Saves

Here is a discount we were talking about. Regardless of driving records or claim history, everyone can save on their premium if they pay upfront.

5. Your Credit History Matters

Here is another one that has nothing to do with your driving history or claims. If you have a good credit score there are a few companies that give you large savings. It could be as much as a good driver would get.

6. Save Your No Claims

If you are given a chance to buy accident forgiveness with your policy you shouldn’t miss the chance if the price is right. Generally, you should be able to add this cover at a very reasonable cost. Otherwise, don’t spend too much money on this as the value decreases with every dollar you spend.

7. Consider Telematics Auto Insurance

Pay as you go may be a good option if you are young or just had a big accident that increased your rates a lot. However, you should drive carefully when you have a black box installed in your car since it will tell your insurer how you are driving.

8. Buying a Separate Policy for a Teenager May Work Cheaper in the Long Run

In the beginning, it may be cheaper to add your teenager to your policy. However, they will need their own policies at some stage. So, why not start as early as possible and let them build an insurance history.

9. Can Your Club Save You Money?

Being a member of an auto club could save you money. If you are already a member you should check with them if they have special auto insurance deals. If not, you could still find one and be a member to enjoy car insurance discounts.

10. Can Your Employer Save You Money

Another place to check for discount auto insurance is your employer. They may have a bargain struck with one of the insurers. Check with them and see.