Reader’s Question:
I was told that I can get discounts on my car insurance policy? Is that true? What discounts are available and how can I get some?
Jane
Bryan, TX
Discounts really are a great way to lower how much you pay on car insurance. And there are plenty of discount options available for those who are eligible. Here are some of the most-common:
- Good Driver – Give to those who have had excellent driving history for the past three to five years.
- Good Student – Students under the age of 25 who maintains a Grade Point Average of 3.0 or higher.
- Discount for Safe Vehicles – Awarded to policyholders who have installed additional safety and security features on their vehicle.
- Multi-Policy Incentives – For those who have taken out multiple insurance policies (e.g. life insurance, health insurance, etc.) with the same company. May also apply to those who have multiple vehicles insured within the same coverage.
- Low-Mileage – For drivers who accumulate less than 10,000 miles (15,000 with some insurers) annually.
- Discount for Excellent Credit – Many insurers today use credit standing as an indicator of how responsible a driver is. Those with good credit can get discounts on their policies.
- Home Owner’s Discount – Some companies offer discounts on your car insurance if you also have homeowners insurance.
- Defensive Driver – For completing a state-accredited defensive driver course.
- Senior Driver - Some adults may qualify through AARP and for reaching a certain age and a certain amount of mileage every year. Check with the insurer for the eligibility details.
Aside from discounts, another great way to lower your insurance costs is to get a cheap car insurance quote online. Car insurance comparison websites (like this one) allows you to run free quote checks and compare offers coming from many different insurers. You can save time and effort while increasing your chances of getting the best deals.
