10 Hidden Discounts on Auto Insurance

image of auto insurance discountsIn general, your insurance agent may not voluntarily offer you the following discounts. You should always ask for discounts to save money.

  1. Mileage discount:  Ask your insurance company if you qualify. They will ask you your yearly driving mileage.
  2. Safe driving discount: Based on your insurance record, your insurance will be able to tell you if you qualify. Talk to your auto insurer about it.
  3. Auto Equipment discount:  Insurance companies offer discounts for air-bag, anti-theft device, anti-lock brakes, and other safety devices in your car. You should make sure that you get this discount.
  4. Full payment discount: Many insurance companies will lower insurance bills if you pay in full. If you can pay in full for the entire insured period of 6 months or one year, ask for this insurance discount.
  5. Good student discount: Nationwide insurance offers good student discount. Ask your insurance company if you can qualify for this discount.
  6. Multi-car discount: If you are insuring more than one car, ask for the multiple car discount.
  7. Home plus Auto Insurance discount: If you buy insurance for your vehicle and home from the same insurance company, the company should give you a multi-insurance discount, ask for it.
  8. Defensive driver discount: You can take an 8 hour defensive driving course and submit the certificate to your insurance company for a discount.
  9. Good credit discount: Ask your insurance company if you can discount on your good credit (if you have one).
  10. Loyalty discount: If you stay with an insurance company for more than 5 years, you can ask for discount for long-time customer.

We believe that you will be able to save significant amount of money if you get all applicable discounts mentioned above and use other money saving techniques on auto insurance. If you know any other tips, please share in your comments.

Posted in Car, Insurance