When it comes to shaving off costs for auto insurance, many people start hitting the Internet for cheap auto insurance quotes. This is certainly an option, but if you already have a policy with a reputable company, before you jump ship check with them to be sure they are giving you all your available discounts.
1. Good Student Discount
If you or a driver under 25 is a full-time student and maintaining better than a 2.9 GPA, you should be receiving this discount and cheap auto insurance quotes. If you are not, get the transcripts to provide proof and ask your insurance company to apply it retroactive to your last renewal date. If your transcript clearly shows you or your driving student have maintained this average for more than six months, they should be able to honor the request.
2. Accident Free Discount
If you or any of your drivers have not had any claims in five years, you should be receiving an accident free discount. This applies per driver, so the more claim-free drivers the bigger your discount. Typically this is automatically calculated when a clean driving record shows up when pulled on renewal, but if you aren't seeing that on your policy check cheap auto insurance quotes.
3. Safety and Alarm System Discounts
If your car comes equipped with a theft deterrent system and you have Comprehensive coverage on your policy, you should be receiving this discount. If it doesn't come standard on your model, you may have to get something in writing from your dealership or from some other official person to verify its existence.
While you are at it, check to see if you are getting proper discounts for ABS brakes, airbags, and daytime running lights. Not all states and/or insurance companies have these discount options, but it certainly doesn't hurt to check cheap auto insurance quotes.
4. Multi-Policy Discounts
If you have an auto policy with one company, a home or tenant policy with another company, life insurance with a third company, and your motorcycles are insured with yet someone else, it is time to sit down and do some work.
If you were to spend as little as half an hour a couple times a week, you will find there is a company out there that will give you cheap auto insurance quotes on all of these combined. You are missing out on big discounts by spreading your money to so many insurance companies.
Take a few moments to be sure you are getting the best rates so you can get the best coverage for the best price. Ensuring your peace of mind is far better than crossing your fingers and hoping for the best.
