Unveiling the Most Overlooked Discounts on Car Insurance

Car insurance discounts are only sometimes what they seem. When advertised as “up to a 25% discount,” they may not reduce your rate that much.
Often, you can get discounts for having multiple cars with the same insurer or for bundling your car insurance with other policies like home and auto. There are discounts for safe driving, usage-based insurance (UBI), and more.
Vehicle Safety Features
Many newer cars are available with advanced safety features that can take preemptive action to avoid crashes, such as adjusting the speed of a vehicle or alerting drivers to pedestrians in their blind spots. These systems are sometimes called ADAS (advanced driver-assistance systems).
These technologies could reduce the number of collisions and injuries, so it’s natural to assume they would also lower car insurance premiums. However, most insurers will only offer discounts once safety technology has been proven to reduce claims significantly. Visit www.carinsurancecheap.net to learn more.
For example, some insurers discount a policy’s PIP and medical payments coverage for vehicles with anti-lock brakes. Similarly, a few insurers provide discounts on policies with rear-view cameras and sensors that detect pedestrians or objects. In the event of a crash, repairing such systems can be costly.
Good Student Discount
If you’re a teenager or parent of a teenager, then you know that car insurance rates are some of the highest in the country. Fortunately, many insurance providers offer good student discounts to help offset those higher costs for youthful drivers.
Qualifications for the good student discount vary by company but usually include being within a specific age range, enrolled full-time in school, and maintaining at least a B average. Homeschooled students may also qualify based on standardized test scores and other achievements.
In addition, if your student driver lives away from home for college and leaves their vehicle at home during the school year (usually 100 miles or more), they may be eligible for even more considerable savings. This is called the distant student discount or away-at-school reduction, and it can save up to 25% on a premium.
Safe Driver Discount
The safe driver discount varies from provider to provider but reduces your car insurance premium for keeping a clean driving record. This is sometimes called a good driver discount, accident-free discount, or claim-free discount.
Some providers also offer telematics programs that allow them to reward drivers who drive safely with discounts. These usually require installing a device in your vehicle that records your driving behavior and sends the data to your provider.
Multiple Policy Discount
Many insurance companies offer a multi-policy discount, or bundling, for policies with more than one vehicle. It’s a great way to help reduce your car insurance premium.
Typically, you’ll receive this discount if you bundle your auto insurance with a home policy (renters, condos, traditional home, or life insurance). Some insurers may also extend the bundling to other lines of business like boats, motorcycles, RVs, and even health or life policies.
However, you’ll likely need to meet eligibility requirements for those other lines of coverage to earn a discount. This includes a clean driving record and proof of financial responsibility for the other line(s) of coverage. This is usually verified via a credit report or through usage-based insurance programs that monitor safe driving habits