What Car Insurance Discounts Offer the Most Savings?
Alex Reale
· 4 min read
Owning a car can be a lot of fun. It’s a portal to adventure, a mobile stereo, and a wagon for carting loved ones around. But the costs of car ownership add up. Drivers have to worry about repairs, gas, maintenance, and, of course,
car insurance
. Luckily, there are options for cost savings. Insurance companies offer a wide variety of discounts. Here are some of the best discounts to look for that get you the most bang for your buck.
What kinds of car insurance discounts are available?
Some discounts come from the type of car or job you have. Drivers who opt for an electric vehicle or a hybrid can enjoy their savings on gas as well as a potential green car discount.
On any car, the presence of equipment like anti-lock brakes and daytime running lights can boost your vehicle’s overall safety score. Insurance companies often reward customers for getting a car with features that reduce the risk of accidents.
Those who work in certain professions or belong to particular organizations can also be eligible for savings on their insurance through "affinity discounts." If you’re a teacher or a medical professional, you may qualify for these discounts. Many companies have also expanded their discounts to include frontline workers during the COVID-19 pandemic.
If you’re under 25 and on your parents’ car insurance, you may qualify for a legacy discount. This can be a big cost-saver for young drivers.
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Where can you find the biggest savings?
MORE: How to Save on Car Insurance with a Good Student Discount
Unsurprisingly, you can save a lot of money on premiums by having safe driving habits.
PRWeb
reported that taking a defensive driving course, driving less, and being a good student can also give you some of the biggest car insurance discounts.Insurance News Net
reported that drivers can receive a discount of up to 15% just by graduating from an approved defensive driving class. The course will also give you the skills required to identify road hazards and avoid accidents that would raise premiums. Similarly, safe drivers can expect lower rates after a five-year track record of no accidents or violations. People who don’t drive a lot can qualify for a discount as well; the less you drive, the less likely you’ll be involved in an accident. Good students can reap the rewards of discounted rates if they achieve a GPA at or above a 3.0. This is a nice incentive to study a little bit harder for that next test!
Discounts beyond good behavior
MORE: Does Running a Red Light Increase your Car Insurance Rates?
For more circumstantial savings, you can look to homeowner, multi-car, or multi-policy discounts. Many companies offer bundling options to their customers. This is particularly useful for families, who may have multiple cars and need a streamlined and affordable way to manage it all.
These are not the only discounts available, nor are they hard and fast rules. Drivers looking for discounts can find them in all sorts of places. Don’t be afraid to ask your insurance provider!
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