When it comes to your car insurance, are you taking advantage of all of the discounts that your auto insurance company offers? If not, you may be surprised at just how much money you could be saving per year by taking just a little time to do some research. In fact, more and more insurance companies are offering a variety of discounts to their customers, and these discounts could end up knocking hundreds of dollars off of your annual premium.
One of the most common discounts that insurance companies offer is for having multiple vehicles insured at once. This discount is great for families with multiple drivers and vehicles and can typically save you money each time you add a vehicle to your policy. It should be noted that some companies place restrictions on their multi-car discounts, so you may want to speak with your company before applying for this discount if you drive a commercial vehicle.
Another discount that more and more companies are offering is a driving habit discount. These discounts usually involve drivers being provided with an electronic device that attaches to their vehicle. This device will then record driving habit information, such as how often the vehicle is driven and at what times of day, and this information will determine the discount percentage. While a number of car insurance providers are turning to this technology, it is not available in all states due to certain legal restrictions, so you should contact your insurance provider before applying.
Finally, many car insurance companies also offer discounts for going paperless. As the internet and email have made document delivery less expensive and quicker, car insurance companies end up saving a lot of money by corresponding with customers online. This can even include sending out insurance documents, such as proof-of-insurance cards, that can be printed off from a home printer. As a result of the savings that an insurance company experiences by doing this, they can then pass these savings on to their customers. Some states do require that certain documents actually be mailed, so check with you insurance provider for more information.
Remember, when it comes to discounts on car insurance, it’s important to do your research, as well as shop around. In addition, not all companies offer the same discounts in conjunction with certain policies, so you will need to weigh the pros and cons of switching companies simply for a discount.