21 Methods To Save Cash On Automotive Insurance Now – MarketWatch

The average cost of auto insurance in the United States based on data compiled by Quadrant Information Services for 2021 with full coverage is $ 1,674 per year. One of the biggest ways to save this is to switch policies (you can get car insurance quotes here): A survey by Nerdwallet found that a good driver could save about $ 417 a year by switching.

Another great way is to maximize your discounts. "Ask your insurer if you are missing out on discounts to avail," said Ben Moore, insurance expert at NerdWallet. How much can you save by taking advantage of discounts? "Auto insurances usually limit the discounts, but you can still potentially save 30 or 40% on your policy," says Les Masterson, insurance analyst at CarInsurance.com. Here are some of the discounts you can ask for.

Clean driving report
A record with no accidents and no traffic violations is one of the biggest discounts for drivers, according to Masterson. The amount of savings varies depending on the insurance company, but can typically save drivers between 10% and 30% of their annual premiums.

Bundling auto, home, rental, or other policies with the same company can often save you hundreds of dollars a year on your policies. “The insurance company usually offers substantial discounts for someone who insures both their home and car with them. If someone is happy with the rate and customer service they get from their home insurance, it's a good idea to consider buying auto insurance from this group as well, ”says Moore.

Several cars
Insure several cars in your household with the same company and save. Geico advertises, for example, that this could save you up to 25%.

Would you like to change your car insurance? Request quotes for car insurance from Coverage.com here.

Safe driving class
Some companies offer discounts for taking special courses like a defensive or driving safety course, Moore says.

Shop early
"Get a quote with us before your current policy expires and you could save by signing with us," says Liberty Mutual. Other insurers have similar discounts.

Membership in certain groups
Teachers, the military, alumni, professional groups, local organizations – insurers offer many different discounts here. “In the same city, one insurance provider may offer discounts to people outside certain affiliated groups, like a social club or local organization, while another may offer more discounts to those who have taken safe driver courses or made consistent payments on other bills,” says Hurst .

Students away from home
If your child is in school and therefore rarely drives a car, you can save a lot (sometimes 10%, says Masterson).

Moore notes, "If you allow the company to track your driving habits through a mobile app or device that plugs into your car's diagnostic port," you can potentially save money on car insurance. Look for a company that only rewards good driving instead of punishing you for hard braking, night driving, phone use behind the wheel, and more.

Good student
High school and college age drivers who get good grades or do well in school (insurers have slightly different rules for qualifying, but often a B and above average is enough) can qualify, and Masterson says, that with it you can save 10% discount on your policy.

If you own a home, you can save a small amount every year.

Pay in full, pay automatically and pay on time
Pay your bill once a year or twice a year and you can save a small amount. In addition, you can also get a break if you have the payment automatically debited from your bank account and / or pay on time in each payment period.

Buy your policy online
This can save you a small amount when chatting with a customer service representative to get your policy with some companies.

Go paperless
Don't get paper bills and you can potentially save.

Driving under a certain number of miles
If you don't drive a lot, you may be eligible for a discount. Occasional drivers or those who generally drive less than 7,500 per year can qualify for a discount of several hundred dollars per year.

Safety devices
Things like anti-lock brakes, electronic stability control, and adaptive headlights can help you save.

Security functions
A car equipped with anti-theft technology can bring savings.

alternative energy
If you have hybrid or electric vehicles, you might be able to save.

Driving a new car or the right kind of car
Janet Ruiz, director of strategic communications at the Insurance Information Institute, recommends reviewing the car's IIHS safety rating before purchasing the car, as it can affect the level of car insurance. In addition, Allstate gives you a discount if “your car is a current model year or a year ago and you are the first owner”.

Good credit-based insurance score
Ruiz points out that this is a way to qualify for discounts. “Many US auto insurance companies use credit-based insurance ratings to determine risk when preparing insurance quotes,” Allstate explains, adding that it does, “unless you live in Massachusetts, Hawaii, or California where the practice is was banned ”.

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