Auto insurance discounters are companies that provide the largest amount and highest number of discounts on insurance premiums depending on the specific life situations of individual customers.
If you qualify and are entitled to the bulk of these proposed reductions, then you will get the most discounted auto insurance.
Large insurers will probably offer all these deductions. In this article, we'll help you understand the common premium discounts that insurance companies provide. Insurers will sometimes check your records to see if you meet their criteria before they offer reductions.
Additional discounts based on the cars you drive are also available to you. They are dependent on each car's equipment and conditions of use. Those deductions are not covered here.
Excellent Driver Discount
Auto insurance discounters offer their best rates to drivers with clean license histories. If you've got a lot of traffic tickets and have several "points" on your license, then don't expect to get this premium discount.
And did you know that your insurance company regularly checks to see if you've been pulled over lately? When they find out, they will almost certainly raise your rates.
Work-Related Reduction
Drivers are given preferential rates on premiums if they work in occupations that are low risk, per the insurance industry's standard tables. In contrast, workers in high risk jobs, such as firefighters, police officers, and people in physically exhausting jobs are usually quoted higher rates.
This deduction seems to be based on the thought that "we are what we do." Insurance companies operate on the assumption that risky behavior on the job means risky behavior on the road.
Group Membership Discount
If you belong to a large, national association of some kind, then this premium reduction might be available to you. But there is a catch: these discounts are only offered to associations whose members show low-risk traits that insurers find attractive (read the deduction above).
Married Couples Deduction
Auto insurance discounters give preferred rates to married people before single people. Is this discriminatory? Well, yes, but they've got actuarial evidence that backs them up. Married people are evidently more careful drivers than singles.
Furthermore, married couples are generally better customers because they tend to have multiple vehicles and other property to insure.
Safety Education Reduction
If you've recently completed a road safety course of some kind (car, motorcycle, etc.) then ask the insurer if you are eligible for a special "safe driver" premium discount.
The thinking behind this deduction is that drivers who still have proper driving techniques and safety procedures fresh in their minds are more likely to avoid accidents than those who don't.
Credit Score Reduction
Auto insurance discounters like to quote good premium rates to people who demonstrate a high amount of responsibility. High credit scores are considered great indicators of trustworthy behavior on the road.
The better your credit history, the better rates you will be offered. Whenever your credit improves, notify your insurance companies and ask for reduced premiums.
Old Age Reduction
Senior citizens and other elderly drivers receive a deduction of their own. Mature drivers are offered discounts because they are less risky to insure than newer drivers are.
Elderly people drive without as much aggression and antagonism as younger people do. This greater control over their behavior makes them less accident-prone.
Putting Discounts Together
Auto insurance discounters will give you their lowest rates when you qualify for the most deductions. Don't forget to talk about the discounts detailed here and have ready proof that you qualify for them.
And ask about other discounts related to your cars and property. These are reductions that depend on the condition and number of assets insured, not on the drivers insured.
Insurance companies use different methods to figure out premium discounts. It will be to your benefit to compare many quotes before you sign up.
If you qualify and are entitled to the bulk of these proposed reductions, then you will get the most discounted auto insurance.
Large insurers will probably offer all these deductions. In this article, we'll help you understand the common premium discounts that insurance companies provide. Insurers will sometimes check your records to see if you meet their criteria before they offer reductions.
Understanding Auto Insurance Discounters
Additional discounts based on the cars you drive are also available to you. They are dependent on each car's equipment and conditions of use. Those deductions are not covered here.
Excellent Driver Discount
Auto insurance discounters offer their best rates to drivers with clean license histories. If you've got a lot of traffic tickets and have several "points" on your license, then don't expect to get this premium discount.
And did you know that your insurance company regularly checks to see if you've been pulled over lately? When they find out, they will almost certainly raise your rates.
Work-Related Reduction
Drivers are given preferential rates on premiums if they work in occupations that are low risk, per the insurance industry's standard tables. In contrast, workers in high risk jobs, such as firefighters, police officers, and people in physically exhausting jobs are usually quoted higher rates.
This deduction seems to be based on the thought that "we are what we do." Insurance companies operate on the assumption that risky behavior on the job means risky behavior on the road.
Group Membership Discount
If you belong to a large, national association of some kind, then this premium reduction might be available to you. But there is a catch: these discounts are only offered to associations whose members show low-risk traits that insurers find attractive (read the deduction above).
Married Couples Deduction
Auto insurance discounters give preferred rates to married people before single people. Is this discriminatory? Well, yes, but they've got actuarial evidence that backs them up. Married people are evidently more careful drivers than singles.
Furthermore, married couples are generally better customers because they tend to have multiple vehicles and other property to insure.
Safety Education Reduction
If you've recently completed a road safety course of some kind (car, motorcycle, etc.) then ask the insurer if you are eligible for a special "safe driver" premium discount.
The thinking behind this deduction is that drivers who still have proper driving techniques and safety procedures fresh in their minds are more likely to avoid accidents than those who don't.
Credit Score Reduction
Auto insurance discounters like to quote good premium rates to people who demonstrate a high amount of responsibility. High credit scores are considered great indicators of trustworthy behavior on the road.
The better your credit history, the better rates you will be offered. Whenever your credit improves, notify your insurance companies and ask for reduced premiums.
Old Age Reduction
Senior citizens and other elderly drivers receive a deduction of their own. Mature drivers are offered discounts because they are less risky to insure than newer drivers are.
Elderly people drive without as much aggression and antagonism as younger people do. This greater control over their behavior makes them less accident-prone.
Putting Discounts Together
Auto insurance discounters will give you their lowest rates when you qualify for the most deductions. Don't forget to talk about the discounts detailed here and have ready proof that you qualify for them.
And ask about other discounts related to your cars and property. These are reductions that depend on the condition and number of assets insured, not on the drivers insured.
Insurance companies use different methods to figure out premium discounts. It will be to your benefit to compare many quotes before you sign up.
About the Author:
Learn more about cheap insurance. Check out Cameron McKelton's site and find out all about great premium reductions from auto insurance discounters.