Car Insurance Discounts

The How-To Manual on Car Insurance Discounts

(Save your cash for gas)

Maggie Tiede | July 25, 2018
auto discounts

Whether you love your ride or just the places it takes you, cars are expensive, and they need to be protected. But your car insurance doesn’t need to cost a trunk load, you’ve got countless fuel-ups and tune-ups to worry about. And discounts are out there. In fact, you may already be getting them—but wouldn’t you love s’more?

Everything from your job to your kid’s rock-star grades could qualify you for big savings on your premiums. And our independent insurance agents can help you find the deep discounts so you can spend less on your bills and more on the good things in life. But first, let’s chat about car insurance discounts. So, buckle up.

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What Are Car Insurance Discounts?

Simply put, car insurance discounts are a nice little way to lower your premiums. But most insurance discounts don’t work quite like those coupons you love. They’re more like a giant secret formula that the insurance company uses to calculate how likely you are to get into an accident. The less likely an accident is, the less you’ll pay.

It’s important to remember that not all discounts will be spelled out in your policy, even if they’re still saving you money. For example, you’ll know if you’re getting a military or veterans’discount, but you might not realize you’re getting a marriage discount, too. It’s all part of that special formula.

What Car Insurance Discounts Are Available?

Four Major Types of Discounts

There are nearly as many car insurance discounts available as there are runaway french fries under your driver’s seat—lots. And they can all be divided into four major types, so let’s talk about how they work:

  • Safety discounts: These are discounts you can get if the insurance company decides that certain actions of yours make you less likely to get in an accident. Good driver discounts, good student discounts, new car discounts, age discounts (like when you turn 25), and safety feature discounts are just a few of those available.
  • Bundling discounts: These are discounts you can get if you buy multiple types of insurance through the same company. Say you need to insure your home and your car. If you get both with the same company, they’ll likely cut you a deal. Ditto if you insure multiple cars on the same policy.
  • Group discounts: These are discounts you can get if you belong to a certain association or profession. Commonly offered group discounts include those for military members, teachers, and government employees. Other niche discounts include those for farmers, clergy and even dentists.
  • Loyalty discounts: These are pretty self-explanatory: tThey reward customers who stay with the same insurance company for a long time. You might also get discounts for referring friends and family to your insurance company.

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How Hard Is It to Get Car Insurance Discounts?

More often than not, it’s pretty easy. Sometimes, however, you may have to begin with less-than-ideal discounts, but over time you can qualify for more. The best way to get car insurance discounts is to have a clean driving record, but don’t worry if you're a speed racer, it’s not the only way. 

If your record is spotty, shoot for the bundling and group discounts first and maybe some age and loyalty discounts down the road. In the meantime, focus on keeping your nose clean and those good driver discounts might not be so elusive, after all.

How Do I Get Car Insurance Discounts?

Chances are you’ll get a few discounts automatically whether you ask for them or not. Many of these discounts aren’t explicitly spelled out in your policy and are based on things you can’t always control, like your location or commuting habits.

If you want to go beyond the automatic stuff, though, you can maximize your potential discounts by following these easy bargain-hunting steps:

  • Take notes: Write down all the information you think the insurance company will need. That includes the make and model of your car, details on recent accidents and traffic violations, and any special features of your car. Also note your age, marital status, occupation, and any special memberships you have.
  • Have a heart-to-heart with an agent: Make an appointment by phone or in person and bring all your notes with you. The agent will ask you a few questions to get to know you better, so make sure to answer honestly and thoroughly. The more they know, the more discounts they can help you qualify for and the more you save.
  • Compare wisely: When you get your quotes, don’t go for the lowest number right away. Ask your agent about what discounts have been applied. One of those higher-priced quotes could actually be offering more discounts—and better coverage, to boot.
  • Keep your agent updated: Did you switch jobs? Get a new car? Buy a house? Inherit a jet-ski? Dropping your agent a quick line during these life changes can save you big money in the long run. They’ll help you find new discounts to make the coverage you need more affordable than ever. 

The Awesome Benefits of an Independent Insurance Agent

Well, now you know how discounts work. But we all know how valuable your time is, so why do the hard work yourself? Our independent insurance agents stay on top of the industry and all the latest discounts so you don’t have to. That means they’ll help find the right coverage at the right price for you.

They’re not just there in the beginning, either. If you get in a jam and need to make a claim, they’ll help you meet deadlines and ensure you’re getting all the benefits you’re entitled to. How sweet is that?

TrustedChoice.com Article | Reviewed by Paul Martin

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