5 Discounts to Ask Your Insurance Company About (Part Two)

This is post two of two in a series about  discounts that will help lower your rates.

Discount 3 - Safe Driver
Another discount that you may want to ask your insurance company about is the safe driver discount. While drivers with accidents and tickets on their record will probably not be eligible, many companies will offer excellent discounts if you have never had an accident and you have not had a ticket in the past few years. Remember when asking for this discount, be sure to be honest because the company will check your driving record to make sure that it really is clean.

Discount 4 - Good Grades
If you have a child in school that’s on your policy, you may be able to get a discount if your child is getting good grades. Usually an insurance company will offer you a discount if your child is getting a “B” average and above. This also may apply for college students that have their own policies as well.

Discount 5 - Multiple Vehicles or Drivers
You may also want to speak with your agent about potential discounts on your rates if you have more than one vehicle insured with them or more than one driver. Most companies will give you a great discount on your rates since you’re giving them more business by combining policies. You may also be able to get a discount if you have other types of insurance policies with the same company, such as life insurance or homeowners insurance.

While these discounts may not be offered to you up front, you can ask about them at anytime. Have your insurance agent or company review your situation to see if you qualify. Rates on car insurance are very high so every step you can take towards lowering your rates is a good one. Invest the time, it’s well worth it.

 5 Discounts to Ask Your Insurance Company About

This is post one of two in a series about discounts that will help lower your rates.

It seems like rates are getting higher and higher, and you may be at a loss to try to bring these rates down so they are more affordable. Whether you’re a high-risk driver, or a great driver, there are a variety of different discounts available that you may not know about. The following are five different discounts you should ask your insurance company about to see if you can take a bite out of the cost of insurance.

Discount 1 - Anti-Theft Devices
If you have recently installed a anti-theft device on your vehicle, you may actually be able to get a discount from your agent. Ignition cut-off switches, car alarms, and even On Star can all be great anti-theft devices, and installing them may get you a discount on your rates as well. If you have any of those devices already, make sure your auto insurance company knows about it.

Discount 2 - Military
Many people do not realize that some insurance companies actually give discounts to people who are in the military or who have retired from the military. Whether you are on active duty, or you have retired, you should speak with your agent to find out if they offer any discounts.

I Do, I Don’t, I Quit - How Life Changes Affect Your  Rates (Part Two)

This is post two of two in a series about how life changing events can alter your needs.

I Don’t - Getting a Divorce
Unfortunately another huge and sometimes tragic event in one’s life is breaking the intended lifelong commitment of marriage. This is a life-changing event that most wouldn’t wish on your worst enemy; it can be a very painful time for all involved. No doubt you will be dealing with all kinds of business, financial, and family decisions. If you are going through divorce, one thing you will need to do once things are somewhat settled is to reevaluate your needs. You’re probably going to go from having two drivers and two cars on your plan to having only one driver. If there are children involved, especially those who are driving, it can complicate things. Chances are your rates are going to go up, but there are options that can help you keep your rates under control. Again, make sure you sit down with your agent to discuss all your options.

I Quit - Retirement
If you’re retiring, this is another life event that can bring a great deal of change to your life. More than likely you will not be working every day, and you may even decide to have some fun and travel. You need to reevaluate your needs at this point in time as well. Many retirees find that they no longer drive as many miles as they used to, and this makes them eligible for a discount on their rates.

Whether you are saying “I do,” “I don’t,” or “I quit,” it is a wise time to review your auto insurance policy. It’s important that you keep your insurance company up to date with what is going on in your life so they can provide you with the best coverage options possible. When you go through these changes in life, big or small, it’s always a good idea to keep your insurance company in the loop or even take time to shop around and see what other insurance companies are offering.

I Do, I Don’t, I Quit - How Life Changes Affect Your Rates

This is post one of two in a series about how life changing events can alter yourneeds.

There are a variety of life changes that have huge impacts on our entire lives and some of them include getting married, getting divorced, and retiring. While it’s easy to understand why these events have a great impact on your life, you may not realize that they also impact your car insurance and how much you pay for rates. If you are going through one of these life-changing experiences, then it may be time for you to take a second look at your rates as well.

I Do - Getting Married
If you’re getting married, it is probably one of the busiest and most exciting times in your life. No doubt you’re figuring out the logistics of two people combining their lives, but you may not have thought about how this new union will affect your insurance coverage, and in particular, your rates. Believe it or not, under most situations, you can expect to receive a nice little discount on your auto insurance once you’re married. What a great wedding gift! Make sure once your settled to set a time to speak with your agent and discuss the various new options that apply.

Typically, if you both have a car, you’ll be able to save by combining them both onto one policy. In addition, you can decrease your rates further by adding other types of insurance onto this policy, including life, renters or your homeowners policy. Since this is such a big change in your life, you may want to shop around a bit and compare rates to see which company can offer you the cheapest rates as well.

« Previous Entries