Most drivers are aware of common auto insurance discounts, such as those for a clean driving record or for bundling multiple policies. However, there are numerous other discounts that often go unnoticed but can lead to significant savings.
One of the most frequently overlooked categories of discounts is professional and affinity-based savings. Many insurers offer reduced rates for individuals in certain professions, such as teachers, engineers, scientists, and first responders. Additionally, memberships in organizations like alumni associations, wholesale clubs, or professional groups can also make you eligible for a discount.
Your vehicle’s features can also be a source of savings. While you might know that anti-theft devices can lower your premium, did you know that factory-installed safety features like anti-lock brakes, airbags, and daytime running lights can also qualify you for a discount? When getting a quote, be sure to mention all of your car’s safety and security features.
For younger drivers, good grades can translate into cheaper insurance. Many companies offer a “good student” discount for high school and college students who maintain a certain GPA. This is a great way for parents to offset the high cost of insuring a teenage driver.
Finally, don’t underestimate the power of loyalty. While it’s always a good idea to shop around for quotes, staying with the same insurer for several years can sometimes lead to a loyalty discount. It’s worth asking your current provider if they offer such a reward for your continued business.