Can you name some of the most common discounts given to drivers who ask for a car insurance quote? Chances are you already know about some of the more recognizable discounts, such as multi-policy discounts and lower rates for safe driving, but are you familiar with some of the lesser-known discounts that are often overlooked by customers? Continue reading to learn what no one tells you about discounts on car insurance.
Your Memberships and Associations Could Qualify You for Special Discounts
Do you pay dues to a membership organization? Are you affiliated with a special association? Being a part of an exclusive group could automatically qualify you for discounts on car insurance premiums. Review your benefits paperwork or talk with your human resources department at work to find out if you are privy to any special discounts.
Bigger Discounts could be Just a Few Hours Away
Chances are you know what a defensive driving class is. In fact, you may have taken one at some point in the past after receiving a traffic citation. Did you know, however, that choosing to take a driver safety course voluntarily could yield significant discounts on your car insurance? While many insurers offer discounts for taking a defensive driving class, details surrounding the discount vary from insurer to insurer. Generally speaking, approved driver safety courses are available in a classroom setting or online. Talk with your agent for more details.
It Does Not Matter if You Renew or Switch Providers
When your existing policy is nearing its expiration, you may decide to start shopping around for better rates and discounts. If so, there is good news: The start of a new policy could net you a discount regardless of whether you renew or switch providers. So long as you do not wait until your policy expires, your existing insurance company could offer you a discount for renewing early. If you find a better rate elsewhere, however, there may be a discount offered for switching to a new provider.
Exposure is Important
Since safe drivers tend to be involved in fewer accidents, you may believe that your risk profile is primarily based on your driving record and safety habits. However, exposure is also an important factor in determining rates. For example, a safe driver who has a 3-hour commute every day is considered a higher risk than a person with the same driving record who only drives on the weekends. If you do not drive as often as the average driver, let your insurance agent know. You could qualify for a low mileage discount.
Being Energy-Efficient can also be Cost-Efficient
Many people are investing in environmentally friendly hybrid vehicles that boast alternative fuel systems. If you own a hybrid car or are thinking of purchasing one in the future, consider that some insurance companies offer coverage discounts to owners of environmentally friendly cars. In fact, these discounts can equal as much as 10 percent. Combined with fuel savings, these discounts can help you keep more of your hard-earned cash in your pocket.
Here at Homewood Insurance Agency, we believe you deserve more than a vague explanation of the car insurance discounts available in Madison, Wisconsin. We can help you navigate your coverage options and identify potential discounts that could save you hundreds in annual premiums. Call us today for more information or to request your no-obligation car insurance quotes. We look forward to serving you soon.
