Common Auto Insurance Discounts

As you conduct auto insurance research, you will find that most insurers offer a wealth of discounts to reduce your premiums. Here are some of the most common types of discounts.

Multiple policy - one thing you will want to investigate when doing auto insurance research is the possible money you could save by taking out more than one policy with your insurer. Most insurers offer substantial discounts on auto insurance if you hold more than one policy with the company. For example, you might take out a homeowner's or renter's insurance policy with the company.
Good student - this discount usually applies to those between then ages of 16 and 25 who are full-time students and have a "B" average or better. Find out the specifics of this discount when you do your auto insurance research.
Safety discounts - as you do auto insurance research, you will find that most insurers offer significant discounts for certain safety equipment on your vehicle. For example, you might receive discounts for air bags, anti-lock brakes, daytime running lights, etc.
Anti-theft devices - if your car is equipped with an alarm or other anti-theft system, you could save as much as 25% on the comprehensive portion of your premium.
Defensive driving - some insurance companies offer discounts to drivers who complete a defensive driving course. When you're doing auto insurance research, ask prospective insurers if taking the course will reduce your premiums.
Good driver - many insurers offer discounts of up to 25% for drivers who have been accident-free for the past five years.
Multiple vehicle - if you insure more than one vehicle with the same insurance company, you may qualify for the multiple vehicle discount. Find out how much you can save with this discount when you do your auto insurance research.
Professional group - you may belong to an organization or group that receives special discounts from your insurer. Ask for a list of such organizations when conducting auto insurance research.