Qualifying for discounts on your auto insurance is a great way to reduce the premiums you must pay, but you never know what discounts you qualify for unless you call your insurance company regularly. As time passes, things in life change, and these changes can open up opportunities for new discounts on your auto insurance policy. Here are some examples of changes that can open up these opportunities for you.
If you go from being single to being married, you might be able to qualify for two different discounts on your auto insurance. The first discount is available through many insurances and is based on marital status. People who are married have a lower risk of making claims on their auto insurance policies when compared to people who are single. Insurance companies therefore view married drivers as safer drivers, and this could help you save money on your auto insurance.
The other discount you may qualify for is through bundling. If your new spouse also has a car, you could qualify for a multi-car discount by placing both of these cars on the same policy. Insuring two cars will obviously cost more than insuring just one, but the costs for insurance per car will most likely be lower if you combine them onto the same policy.
Buying a Home
There are several ways that buying a home could affect the costs of your auto insurance policy. The first way is through bundling your auto and home policies together. Whenever you combine several different coverage options into one policy, insurance companies offer discounts.
The other way this could help is if you go from a house without a garage to one with a garage. While there are some insurance companies that might not take this factor into consideration when calculating quotes, others do. By being able to place your car in a garage each night, your car may be safer, and this is the main reason some insurance companies offer discounts for this.
Getting a New Car
When you get a new car, you may automatically know that you have to call your insurance company to switch coverage, but did you realize that buying a new car might cause your insurance to decrease? This is not always the case, but it is in many situation, and it happens when you select a new car that has outstanding safety features. These safety features make it less likely for you to get in an accident, and this results in a discount on your auto insurance policy.
If you are getting ready to purchase a new vehicle, you may want to research the types of new vehicles that are the cheapest to insure. This is a great way to find out ahead of time whether your auto insurance will go up, go down, or stay the same.
Celebrating a Birthday
Insurance companies factor in age when calculating premiums, and they have found that people between the ages of 25 to 65 are less likely to get involved in accidents. Because of this, you may want to call your insurance company for a quote if you recently celebrated your 25th birthday. Once you hit the age of 25, you should qualify for a safe-driver discount. You should realize that if you have filed numerous claims or had a lot of traffic violations, you may not be eligible for this particular discount.
Calling for auto insurance quotes periodically is a great way to find out if you are eligible for any discounts. If you are, it could help you save a lot of money on your auto insurance each month.