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Print7 Auto Insurance Discounts You've Never Heard Of
By Robert Lewis, InsWeb.com
The simplest way to save money on your auto insurance is a no-brainer: discounts.
Here are 7 auto insurance discounts you’ve probably never heard of:
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- Safety Devices Discount
Most insurers offer discounts for vehicles with added safety features. If your vehicle has air bags, automatic seatbelts, anti-lock brakes or other security devices, you probably qualify. - Occupational Discount
Teachers, engineers, scientists and doctors are sometimes offered auto insurance discounts. Members of the military may also qualify. - Good Credit Score Discount
Credit matters when it comes to car insurance. Statistically speaking, drivers with good credit are more responsible with their finances and less risky on the roadways than those with poor credit. So, drivers with good credit are sometimes offered discounts. - Location Discount
Location plays a role in determining your car insurance rate. Drivers who live in densely populated metropolitan areas are at higher risk for accidents than drivers in rural areas. So, drivers in rural areas are often rewarded with a discount.
- Hybrid/Electric Car Discount
Hybrid and electric cars are all the rage these days, and car insurers have caught on. If you drive a hybrid or electric car, you may qualify for a car insurance discount.
- Low Mileage Discount
Drive a low annual mileage? If so, you stand to save money. If you drive less than 12,000 miles per year, you may qualify for a low-mileage discount.
- Payment Method Discount
If you opt to pay your car insurance premium via automated payment, such as auto debit from a checking account, you may be offered a discount. Conversely, paying your premium in monthly installments via check, etc. could tack on administrative fees.
If you're not sure what kind of discounts you're currently eligible for, now is a great time to compare quotes from leading providers and find out exactly what you can save. Drivers who compare rates and switch carriers at InsWeb save an average of $301* on a six-month policy.
Compare car insurance policies for free →**National average savings information based on InsWeb 6-month policyholder survey data from 4/27/05 to 7/4/05.
