Don't miss 10 money-saving car insurance discounts that help you keep more of your hard-earned money. Get the Money Girl book at http://MoneyGirlBook.com
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324 MG Don’t Miss Hidden Car Insurance Discounts
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One of the best ways to save money is to find discounts on expenses that you can avoid, like car insurance. Many policyholders are clueless about the variety of discounts that are available and therefore wind up paying too much for insurance. In this episode, I'll tell you about 10 of the best discounts and how to start paying less for car insurance, so you keep more of your hard-earned money. A car insurance discount is a reduction in your premium. They're offered to policyholders for a variety of reasons. Some discounts you might expect, like ensuring multiple vehicles or being a loyal customer. However, many car insurance discounts are somewhat hidden because you've got to know that they exist in the first place and then ask for them. Also, not all insurance companies offer the same discounts in the same amounts. See how many of the following 10 car insurance discounts you qualify for? Discount number one. Multiple policies. I mentioned that ensuring more than one vehicle with an insurance company can save money. Another tactic is to bundle your car insurance with other policies. For instance, if you have home insurance, it may be cheaper to use the same company for your auto policy as well instead of getting insurance with two different companies. Discount number two. Anti-theft devices. Car insurance companies want to help you prevent car theft, so you never have to make a claim. Most carriers cut your rate for having an alarm system that keeps criminals from damaging or stealing your car. Discount number three. Safety features. Cars with modern safety features like anti-lock brakes, airbags, and rear-view cameras are less likely to get involved in an accident and cost and ensure. So be sure to let your provider know about every onboard safety device in your car. Discount number four. Safe driver. Your driving history plays a big role in how much you have to pay for car insurance. If you have a clean record with no moving violations or at fault accidents, you typically get a nice discount from most insurers. Discount number five. Driver education. But what if you don't have a squeaky clean driving record? Well, it may be possible to redeem yourself. Most states use a point system to track driver violations. Passing an online or in-person defensive driving class can erase a limited number of points, making you appear less risky to an insurance company. Check your state's Department of Motor Vehicles website for approved courses. Discount number six. Low mileage. Maybe you're driving less for a new job or keeping a car in the garage more often. If you're driving patterns change, be sure to let your car insurance company know cars that are on the road less have fewer claims and that earns you a substantial insurance discount. Now that we're in Q4, it's a good time to start thinking about making memories with the people you love most before the end of the year. 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And even if you already have life insurance through work, remember it may not protect all your family's needs or follow you if you leave your job. So save money and time on providing a financial safety net for your family. Head to policygenius.com or click the link in the description to get your free life insurance quotes and see how much you can save. That's policygenius.com. I love learning and anything that makes learning easier. If you're a parent and your child needs some homework help, then I XL is a right for your family. I XL is an online learning program for kids covering math, language arts, science, and social studies. I XL has interactive practice problems for topics from pre-K to 12th grade and everything is organized by grade and subject. As kids practice, they get positive feedback, awards, and explanations for wrong answers. I XL figures out what your kids need more help with and recommends more topics to practice. 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Discount number seven, affinity groups. Did you know that being in a certain occupation, working for a particular company or belonging to a certain group can entitle you to a car insurance discount? For instance, many companies reward teachers, military personnel, or even members of a fraternity or sorority. Discount number eight, good student. One of the most commonly missed car insurance discounts is for making good grades. Coverage for young, inexperienced drivers is relatively expensive. However, high school and college students who have at least a B average can rack up savings because they're considered more responsible, less risky customers. Discount number nine, distant student. Another way students can save on insurance, no matter their grades, is when they're attending school away from home. If the student is more than a hundred miles away from home and doesn't have an insured vehicle with them, their coverage won't cost as much. Discount number ten, billing and payment. Many car insurance companies offer a discount if you pay your annual premium at once instead of making monthly or semi-annual payments. Also, signing up for automatic payment or e-statements can help save you money. Not every car insurance company will offer each of these discounts. To make sure that you're getting every available price break, ask your insurance agent or company representative for more information about potential ways to save money. Remember that another important factor in setting your base auto insurance rate in most states is credit. Insurance companies have found that customers with good credit make fewer claims, so they charge them less. If you haven't reviewed your car insurance lately or it's been a while since you've shot policies, you may be leaving money on the table. You sites like insurancequotes.com and carinsurancequotes.com to get free online quotes from the nation's top insurance companies. Qualifying for new discounts, having higher credit scores or even being married can cause your car insurancequotes to drop. That means you'll have more money left over for savings, gifts, or even taking a fund vacation. For more money tips and advice, be sure to follow me on Facebook, Twitter, or Google Plus. On Facebook, just do a search for Money Girl. On Twitter, my handle is @laraatoms. It's L-A-U-R-A A-D-A-M-S with no space. Also, sign up for the free Money Girl newsletter. You'll find links to everything I've mentioned and a transcript of this show on the Money Girl page at quickanddirtytips.com. Just look for episode number 324, called Don't Miss These Hidden Car Insurance Discounts. I'm glad you're listening to Ching. That's all for now, courtesy of Money Girl, your guide to our richer life. Calling all future shapers and dream chasers, MSU Denver works with you online and on campus. Learn with faculty and peers to forge a career. Your next starts now. We are the changemakers. 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