As auto insurance premiums keep increasing, thrifty car owners are looking for cheap car insurance quotes. There are many different types of price reductions available and if you can save a little cash, then why not? Below is a list of general price reductions that may be available to you. Check with your insurance underwriter to see if you’re entitled.

Individual Automobile Insurance Deductions

These discounts are usually given based on your performance as a driver and policy owner. The other deductions are given based on your present status in life.

Taking a Traffic School Class If by any chance you have recently got a ticket, you may attend traffic school either online or through a traditional setting to have your ticket expunged from your driving record. Indirectly, this will have an effect of lowering your yearly auto insurance premiums

Good Student discounts. Insurance companies know that students with higher grades have a lower risk of being involved in a car accident. Therefore, they will usually offer price reductions on your automobile insurance policy.

Belong to a Professional Organization. Many times, if you belong to a trade or professional organization, you’ll be eligible to receive additional discounts on your car insurance. This can include professions such as nurses, pharmacists, scientists, etc.

Senior Citizen Discount. If youre a mature driver, aged 55 or over and have completed a Defensive Driving course being offered by the DMV in your state, then you may qualify for a discount.

Loyalty Programs. Staying with the same insurance firm for several years and maintaining a clean driving record will give you a great history with them. Many times, the insurer will reward you with your loyalty with lower insurance rates.

Keep Up a Good Driving Record. Your unspoiled driving history will also allow you to receive car insurance price reductions. Some car insurers offer up price reductions for drivers and insurance policy holders who have not been in accidents or have not received any traffic violations for a certain period of time.

Multi-line auto insurance Discount. If you have more than one type of insurance policy with the same insurance company, many times you’ll also be able to get cheaper rates from them.

Car-Related Price Reductions

The type of car you drive can be a huge factor in determining the yearly cost of auto insurance. There are also extra features that you can add to your car to make it cheaper to insure.

1. Air Bags. They present more safety to you and your car and insurers love these.
2. Anti-Lock Brakes System (ABS). Many automobiles on the road today are equipped with ABS. Many automobile insurance firms offer deductions if your car is outfitted with these types of brakes and many states even require the insurance company to do so.

Anti-Theft Devices. Installation of anti-theft devices like car alarms is a way to get lower insurance rates. There may be an added bonus if the alarm automatically activates when the car’s engine is turned off.

Posted by admin on Saturday, February 14th, 2009 at 3:57 pm.