What discounts will be available that I can take advantage of to get a cheaper auto insurance rate?

Dan

Newark, NJ

There are many types of discounts available to the average motorist.

Make sure to ask if you qualify for any discounts for a cheaper insurance when getting your car insurance policy set up.

Some of the common discounts you might be eligible for are:

1. Multi-Vehicle- if you insure more than one car with the same insurer, you can get discounts.
2. Defensive Driver Courses- if you have just taken a defensive driver course (this is only available in some states).
3. Safety features- if you have a airbags, car alarm, anti-lock brakes, or automatic seat belts in your vehicle.
4. Multi-line- if you have car insurance and homeowners through the same carrier
5. Pay in full or through EFT (electronic fund transfer)- you can save on finance charges if nothing else.
6. A full time student with a grade average “B” or higher (only available with some insurance providers).

What makes a high performance car insurance different from the other cars like SUV? There’s not much difference actually. Some providers will just assume that a car built for speed will be driven recklessly and would eventually get into accidents. And high performance cars are cost more to replaced or to be repaired. These insurers also assume that a young driver does not have enough experience and will abuse the power of the vehicle that could cause danger to themselves and to the others. So this then leads to higher premiums on high performance cars.

Ask for discounts, you never know what you might be able to get and how much you can save by asking.  Some popular discounts can be given for:

1. Military personnel

2. Good grade students

3. Union membership and bank member affiliations

4. Safe drivers with no claims in last 7 years

5. Defensive driving school attendance

6. Clean credit history – used by many carriers to determine payment risk

You will need to find an insurance company that believes that the facts of the individual always outweighs the stereotypes of the crowd. Find a company that can provide you the most competitive rates on high performance car insurance. Use the internet to compare prices and quotes that are readily available on their website.