A good driving record goes a long way toward saving money on car insurance, but it is not the only way to earn a discount. Even with a driving history riddled with accidents, traffic violations or both, you may be able to take advantage of these discounts.
Vehicle Safety Equipment
Upgrade your vehicle’s safety gear by having airbags, automatic seat-belts, or anti-lock brakes installed. Since most of these options are standard features on many current models, you might already qualify for this discount.
Multiple Vehicle Policies
Many households have more than one vehicle. If your spouse or children drive their own cars, you can save money by purchasing their car insurance through your car insurance company. Most insurance companies offer multiple policy discounts to drivers related through blood or marriage.
Good Credit Rating
Your credit rating can play a big role in your car insurance cost. If you have a good rating, you might qualify for the special discount many insurance companies offer. Even if your company doesn’t offer a specific discount, your credit rating will be a factor in the overall determination of your premium.
Owning your own home can earn you a standard discount through most car insurance providers. You might be able to score an additional discount if you bundle your home and auto insurance with one company.
Approved Driving Courses
In some states, insurance providers offer discounts to drivers who agree to attend approved driving classes. The discount is available to drivers of all ages in most cases, but some insurance companies might offer this discount only to older drivers or those younger than 25.
Students 25 years or younger and enrolled full time in high school or college can earn special discounts if they maintain a grade point average of 3.0 or higher. The discount applies whether the student is covered through a parent’s insurance policy or through his or her own policy.
Take additional measures to protect your vehicle from theft. Install anything from a steering wheel lock to an electronic alarm system and earn a discount. In most cases, owning especially effective anti-theft devices, such as OnStar systems and vehicle recovery systems, will result in the highest discounts, although discount details vary depending on the insurance company.
Choosing to pay your insurance premium once a year can earn you a discount at many insurance companies. Annual payments cut down on the amount of paperwork on your account, and, with only one payment to make, you’ll decrease your chance of making a late payment.
Finding alternatives to driving can earn you a good discount and help you improve your driving record. Most insurance companies offer discounts to drivers who record fewer miles because the risk of being involved in an accident is minimized. Carpooling and using public transportation will help keep your insurance costs down.