Negotiating with your auto insurance company for getting the best deal is critical to your financial welfare as it can be worth thousands of dollars. So look for auto insurance companies where you can get the maximum discounts.
You can ask for discounts on various counts such as being a member of AAA, for holding certain credit cards, being employed by large employers and for memberships of teacher’s union and AARP. Talk to your insurance agent or auto insurance company representative about this to find out if you can avail the benefit of a lower rate based on any of these factors. Ask what discounts are available to you.
Ask for discount for being a resident of a living in a locality less prone to crime or a rural area as it will qualify you for discount on your auto insurance.
The most popular among discounts with auto insurers is the one for taking defensive driving class. You can save at least 5% of your insurance and will vary with each state.
Discount for being a god student or having a good student in your household is a criterion for getting a discount on your auto insurance. The full time student can get up to 15 percent discount so you cannot miss this aspect when negotiating for your auto insurance.
Remember when negotiating for your auto insurance rate to ask for discount on for combining your other vehicles to your auto insurance policy. The other way to get a discount is to add other members of your family to your policy. Clubbing your house holders, life and health insurance with your auto insurance can also get you a significant discount.
You can also ask for discount if you drive an older car or a non-flashy car.
Discounts on hybrid cars can also lower the cost of your auto insurance significantly. There is a 38 percent in crease in the sale of hybrid cars and auto insurance companies will definitely try to have a share of this segment.
The other most common discount is for having safety devices in your car such as air bags, anti-theft device and anti-lock brake system.
If you have not had an accident for the past 5 years, this alone can fetch you a substantial discount so it is a good idea to ask for this discount to lower your auto insurance cost.
The miles you drive everyday to and from work fall within a limit, you can qualify for a discount on your auto insurance as you drive less and pose less risk.
Some insurance companies offer lower rates for having good credit scores and explore if you are eligible to enjoy this discount when you negotiate your auto insurance rate.