Posted on: 25 July 2017
A lot of drivers pay too much money for their auto insurance coverage, and this is partly because a lot of people do not ask their insurance company about potential discounts. Any types of discounts you qualify for could reduce the rates you are paying for your auto insurance coverage. Because of this, you should ask your insurance company about the types of discounts they offer. Here are several types you might qualify for that could help you pay a lower rate on your car insurance.
Multi-Coverage or Bundling Options
If you have other types of insurance coverage with other insurance companies, it might be worthwhile to ask an auto insurance company if you could get a discount by combining all your policies into one. This is often referred to as bundling, but some insurance companies refer to it as multi-coverage policies. In either case, the process of combining insurance policies into one policy through one company often results in getting a discounted rate.
Insurance companies offer discounts for this purpose because it provides them with more business. When they insure a person, they want to insure everything the person has, and they are willing to charge less for this.
Low Mileage Discount
A lot of insurance companies also offer discounts to people who do not drive a whole lot. For example, some companies may offer a discount if you drive less than 10,000 miles per year. Other companies have different standards when it comes to what they constitute as low mileage.
Insurance companies offer this discount to low-mileage drivers because the risk of an accident is less. The less often you drive, the lower the chances are that you will get in an accident. On the other hand, people who drive a lot will have a greater chance of getting in an accident.
Great Safety Rating on Your Car
If you call for a quote, the insurance company will need to know the year, make, and model of vehicle you own. They need this information for many reasons, but one reason is to find out the safety ratings of the car. A car with excellent safety ratings typically qualifies for a discount. When a car has great safety ratings, there is a lower chance the insurance company will have to pay out a lot of money if a claim is filed after an accident. Safer cars may not experience as much damage, and they will typically keep the passengers safer during an accident.
Marriage and Home Ownership
Another factor that could help you get a discount is if you are married. Married drivers typically pay lower auto insurance rates, because married drivers appear safer. Married drivers are less likely to get in accidents and file claims as a result. If you recently got married, you may want to call your insurance company to let them know. This could instantly qualify you for a discount on your auto insurance.
In addition, if you recently purchased a house, you may also want to let your auto insurance company know. Homeowners are also considered less risky by insurance companies. People who own homes might be less likely to have aggressive driving habits, and this decreases the risk the insurance company assumes when insuring people who own homes.
There are also discounts available for dozens of other things, but the only way to find out what these are is by contacting an auto insurance company like Wolf Insurance Agency. They may ask you a series of questions to find out what discounts you qualify for, and this could help you save a significant amount of money on your auto insurance coverage.Share