Many car insurance discounts are available, and your insurance agent is one of the best sources of information on discounts. If you want to save more on auto insurance, ask your agent about some of the following discounts.
The multi-policy discount is one of the most common auto insurance discounts. You only have to have auto insurance and another qualifying insurance policy in order to get the discount, and many people who drive need another qualifying policy. Homeowners insurance, renters insurance, RV insurance, and boat insurance are just some of the policies that usually qualify.
If you're purchasing or renewing another insurance policy, ask your agent how much a multi-policy discount would save you. You should check how much it'll save you on each policy, as it'll apply to both policies, and your insurance agent can do the math for you.
New Policyholder Discount
Insurance companies are constantly trying to lure drivers away from other insurers, and one way they do so is by offering a new policyholder discount. This discount typically only applies for the first policy term when you switch insurers. It could provide significant savings during that initial term, though.
If you're considering changing insurance companies, ask a new insurance agent whether they know of any generous new policyholder discounts that are available.
You'll not only find out what discounts insurance companies are currently offering, but you'll also show the insurance agent that you're a savvy driver who wants the best available rate. They'll understand that they have to find you an excellent rate on car insurance if you're going to purchase a policy through them.
Driver Loyalty Discount
A driver loyalty discount is the exact opposite of a new policyholder discount. Insurance companies offer loyalty discounts to their current policyholders, in an effort to encourage policyholders to renew with the same insurer.
To find out whether your current insurance company will offer an additional discount to keep you, get a competitive car insurance quote from another insurance company. Take this quote to your insurance agent, and ask whether your current insurer will offer a loyalty discount to keep your policy's rates lower than the competition. You might receive an extra loyalty discount.
Good Driver Discount
Good driver discounts reward careful drivers with lower premiums. You might have to remain claims-free, not have any traffic tickets, or demonstrate safe driving through telematics in order to qualify.
Ask your insurance agent what your insurer requires in order to qualify for a good driver discount.