Car insurance is one part of our family budget that we will
always have to deal with and so it behooves us to get better
informed. We would all love to buy some form of discount car
insurance. The reality of that already exists. There are more
discounts in car insurance than ever before. Some of the newer
vehicles have so many of them that they are often cheaper to
insure than some of the older vehicles. Let's review some of the
discounts available when purchasing car insurance.
Multiple Policy Discount - This one is common and yet there are
many people that do not take advantage of this discount. This
discount can be as high as 15% with some companies.
Good Driver Discounts - Insurance companies love to reward the
driver that has an excellent driving record. These are
profitable policyholders and help bring the over all rates down.
Auto Safety Features Discount - Automobiles with airbags and
seatbelts receive lower rates. Anti-lock brakes and anti-theft
devices also lower car insurance rates. The vehicle
identification number will identify all of these features and so
it is important to give that number to whoever is quoting your
car insurance.
Young Driver Discounts - Many companies give substantial
discounts for high school and college students that have a 3.0
grade point average or better. The drivers training discount has
been a standard discount for young drivers. Find a company that
has both and you will help lower premium dramatically.
Senior Citizens Discounts - Drivers 55 and older are given
retirement discounts if no longer employed. Homemakers can
qualify automatically at age 55 with some companies. Mature
driver discounts are also available when a driving course is
completed.
Lower Tort Option - There are some states that have a lower or
limited tort option. This is your ability to sue for pain and
suffering. The lower tort option limits your ability to sue but
at the same time it can save you 20% or more in your premium.
Contact your agent or insurance company about the tort laws in
your state.
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