Insurance

Auto Insurance Discounters: Everything you need to Know About It 

auto security systemsAll insurance companies are not the same. Some insurers are more popular with the public than others. The premium amount, customer service, and discounts offered by the insurance company play a vital role in convincing people to take an automobile insurance policy with them.

Auto insurance discounters are insurers who take extra care to provide budget-friendly insurance policies for each customer. The companies offer a range of discounts to help you save money on the premium amount. Since vehicle insurance is necessary in most states, you cannot avoid it even if the amount is a burden on your finances. However, auto insurance discounters do their bit to reduce the burden by offering discounts based on various factors.

While almost every insurance company offers customized insurance policies, not all of them pay the same attention to reducing the burden on the policyholders. It is important to talk to insurance agents about the cheapest auto insurance in aurora and get quotes from different insurers before making your final decision.

How Do Auto Insurance Discounters Help Policyholders 

There are many ways to provide a discount on the premium amount. You can be eligible for more than one type of discount. You should never go with the very first offer from an insurance company if you want affordable car insurance.

Not many of us have the time and energy to dig deep into the intricacies of vehicle insurance or talk to multiple insurers. That’s why it is easier to rely on experienced insurance agents from auto insurance discounters and take their advice.

  • Bundling or Multi-Policy Insurance

Bundle Insurance is where you can combine two or more types of insurance (car, home, property, etc.) as a single package to reduce the total premium amount.

  • Vehicle Safety Discounts

A vehicle with safety features like airbags, daytime running lights, additional sensors (for people with disabilities), etc., can bring moderate discounts.

  • Driver History Discounts

A person with a good driving history (no speeding tickets, accidents, collisions, etc.) will be eligible for discounts as a low-risk customer.

  • Defensive Driver Discounts

Auto insurance discounters offer an additional discount of 5-10% if you complete the defensive driving course and have a valid certificate. It applies to students and senior citizens.

  • Customer Loyalty Discounts

In the event that you have been with the same insurer for many years, ask for a customer loyalty discount. However, these depend on the T&C of the insurer.

  • New Car Discount

You can get a discount of 15% to 20% if your car is less than three years old. Again, this changes from one insurer to another. All insurance companies don’t offer this discount.

  • Multi-Car Discount

You can get anywhere between 8% and 25% discount if you own more than one car and insure them with the same company. This can depend on the type of car as well.

  • Anti-Theft Device Discounts

Cars with anti-theft devices can be eligible for a discount of 5% to 25% if you choose comprehensive coverage. Some insurers accept only factory-installed devices, while others allow factory-installed and third-party devices.

  • Early Bird Discounts

Buying an insurance policy a few days before the existing one’s expiry can bring a discount of 2% to 15%. The time frame for an early bird discount can be 14 days or 7 days, depending on the insurer.

  • Paperless Discounts

Paperless discount is less and ranges between 3% and 6%. It is not as popular as it was a few years ago as many people prefer electronic documents for convenience.

  • Full Payment Discounts

Some insurance companies offer a 6% to 14% discount if you pay the entire premium amount upfront rather than opt for monthly payments.

  • Usage-Based Discounts

Usage-based discounts offer an initial discount and then add to it based on your driving habits. If you are a good/excellent driver, you can get up to a 40% discount by opting for a usage-based auto insurance plan.

  • Occupational Discounts

There might be a discount available if you belong to certain occupations like teaching, military, service, etc. Students and educators can get affiliate discounts if the university or institutions share the premium amount.

There may not be an exclusive discount for a good credit score, but you can save money on the premium amount if you have a decent financial record.

Final Words

Auto insurance discounters can provide low-cost car insurance by customizing the policies based on their criteria. However, they adhere to the state laws, which are different in each US state. Talk to the insurer to enquire which discounts can be offered based on your records.

It is very much possible to get affordable auto insurance, even if the amount varies from one state to another. Be patient and try to maintain a clean driving record.

A post by Kidal D. (5806 Posts)

Kidal D. is author at LeraBlog. The author's views are entirely their own and may not reflect the views and opinions of LeraBlog staff.