Reader’s Question:

What type of discount can I get to lower my car insurance rates?

Frank

New York, NY

There are various auto insurance discounts available from car insurance providers but here are the most common type of discount that helps a lot of policyholders. Check if you qualify for any of the discounts.

Some common discounts you might be eligible for are:

• Multi-vehicle discount- You can get discount from your insurer if you insure more than one car with them
• Defensive Driver Courses discount- Insurers give discount to those who have recently taken defensive driving course. This defensive drivers class helps drivers to become more responsible and better drivers on the road that is why this discount encourages drivers to take the course.
• Safety features and anti theft devices- Having car alarm, airbags, anti-lock brakes, or automatic seat belts in your vehicle can help you get more saving on your car insurance rates.
• Multi-line discount- if you have homeowners and auto insurance through the same insurer, you can get discount as well
• Pay in full or through EFT- You can save on finance charges if if you pay your car insurance in full.
• Good student discount- if you have a grade point average of B or higher in school, and is 25 years old and below, you can get student discount form your insurer.

So these are just some of the things that can help you save on your car insurance so make sure you dont forget to ask for them. Maintain a good driving record and good credit standing. Adjust your car insurance coverage to assume more risk. Avoid driving expensive and high performance cars.