As insurance premiums keep increasing, car owners are looking for low cost auto insurance. There are several different types of deductions available and if you can save a few dollars, then why not? Below is a list of general deductions that may be available to you. Check with your insurance agent to see if you’re entitled.
Individual-Related Price Reductions
These price reductions are usually given based on your performance as a driver and insurance policy owner. The other deductions are given based on your present status in life.
Going to Traffic School If by any chance you have recently been given a ticket, you may attend traffic school either online or through a traditional setting to have your ticket expunged from your driving history. Indirectly, this will have an effect of lowering your yearly car insurance premiums
Good Student Discounts. You may also take into consideration your childs grades to get automobile insurance price reductions. If youre insuring your child who drives and he satisfies the GPArequirements of the insurer, you may ultimately receive discounts as well.
deductions for Your Profession. There are many professions that can make you entitled for auto insurance price reductions. Physicians, engineers, government employees, to name a few, all may be eligible to receive discounts on their auto insurance.
deductions for seniors. People over 55 can usually receive price reductions on their automobile insurance. Sometimes, you may also need to take a defensive driving course to qualify for the insurance discount. Check with your local Department of Motor Vehicles to find out what courses are available.
Loyalty Credits. If you’ve been a loyal, solid, long-standing customer of your insurance underwriter, they may reward your business with deductions too.
Preserve a Good Driving Record. Your unspoiled driving history will also reap its rewards in the form of auto insurance discounts. Some insurers offer price reductions for drivers and insurance policy holders who have not been in accidents or have not received any traffic violations for a certain period of time.
Home + Car Packages. Your insurance underwriter may give you multi-line discounts if you insure your household and other automobiles with them as well.
Vehicle-Related Deductions
Your car is a huge factor in defining how much you’ll be shelling out for car insurance. Depending on the overall safety and other features of your car, you can pay more or less for insurance.
- Car Air Bags. There are multiple types of airbags: front, rear, side-curtain, etc. The better you’re protected, the larger the discount you may be able to receive.
- Anti-Lock Brakes System (ABS). Many cars on the road today are equipped with ABS. Many insurance agents offer price reductions if your car is fit with these types of brakes and many states even require the insurance agent to do so.
Anti-Theft Devices. Installation of anti-theft devices like LowJack is a way to get lower insurance rates. There may be an added bonus if the alarm that you installed automatically turns itself on when you turn the car’s engine off.
This entry was posted
on Monday, February 16th, 2009 at 10:43 am and is filed under Car Lovers, Fortune, Insurance.
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