There are many ways you can cut the cost of your auto insurance premiums.
Each insurance
company offers different discounts and credits and at varying rates. Here
is a listing of some
of the more common discounts and credits that are available.
Safe Driver Discount | If no driver on the policy has had an at-fault accident or a motor vehicle violation in the last three years, you may be eligible to receive this discount (normally 10-20% off the total policy premium). |
Multi-Policy Discount | If you insure your home with the same insurance company that insures your auto, you may be eligible to receive this discount (normally 5-10% off the total policy premium) |
ABS Credit | If your vehicle has an ABS (Anti-Lock Braking System), you may be eligible to receive this discount (normally 5% on the liability portion of your policy premium). |
Passive Restraint Credit | If your vehicle has air-bags or any other factory installed passive restraint system, you may be eligible to receive this discount (normally 20-30% off the Medical Payments portion of your policy premium. |
Anti-Theft Credit | If your vehicle is equipped with a theft deterrent system, you may be eligible to receive a discount (normally 5-10% off the Comprehensive portion of your policy premium) |
Good Student Credit | If your child is a full-time high school or college student and is listed as an operator on your policy, he/she may be eligible for this discount. Any of the following four requirements must be met: 1) in upper 20% of class 2) have a grade point average of 3.0 or higher 3) have a letter grade average of "B" or 4) is on Honor Roll or Dean's List. |
Driver Training Credit | If your child is under the age of 21 and has taken an approved Driver Education Course, he/she may be eligible to receive this discount. |
Deductible Options | You can reduce the Comprehensive and Collision portions of your policy premium by taking higher deductibles. The higher the deductible you select, the lower your cost will be. |
Multi-Vehicle Discount | If you insure more than one vehicle on the same policy, you may be eligible to receive this discount (normally 15-25% off the total policy premium). |