Car Insurance Discounts – Who Offers Them?
Reader’s Question:
Which insurance companies offer a discount for security systems and what kind of security system does it have to be?
Liam
Austin, TX
Generally, most car insurance providers will allow for an anti-theft discount which would apply to Comprehensive coverage. The discount can vary from a 5% to 20% credit. Usually this is applied to cars with a passive disabling device which renders the fuel, ignition or starting system inoperative.
Many newer cars have this type of system already installed as standard equipment. The discount usually also extends to cars with LOJACK devices. In most cases, proof of installation like service order a receipt must be provided.
Auto Insurance Good Driver Discounts
Reader’s Question:
Will I save money on my auto insurance if I get married?
Hanna
Boston, MA
Yes, it may be possible to save money on your auto insurance premiums in if you get married. If both of you are good drivers meaning you both have good driving records, it could help lower your rates. Insurance providers generally find married couples safer than single individuals.
The Division of Insurance in Massachusetts for instance, lists a 5% discount can be applied to the premium paid for compulsory coverage and, if selected, optional coverages if a married couple own two or more motor vehicles insured by the same insurer. Usually, this is known as a multi-car discount.
Car Insurance Discounts For Really Safe Drivers
Reader’s Question:
Hello, Im just want to know if a person will get higher car insurance premium if she never had any insurance policy before? Is there any discounts for those who any insurance before? I am a very safe driver with no record of speeding or running red lights or accidents.
Beth
Portland, ME
Car insurance first time buyers are likely to be charged a higher premium than a driver who has had car insurance for many years. The reason for this is because of the discount for renewing with the same insurance provider. Many insurers will extend policyholders a renewal discount if they are able to provide proof of prior insurance coverage.
There are still a lot of factors like the amount of time you have been licensed that will affect your car insurance rates. For instance, an individual that is an inexperienced driver and is purchasing car insurance for the first time will normally pay more than an experienced long time licensed motorist that has been under other insurance policy and is now purchasing their own auto insurance policy.
Insurers in most states are allowed to use a lot of factors to determine the customer’s premium rate. The cost of car insurance for different drivers differ, as the level of risk for the insurance provider varies.
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