We all know that insurance is an unavoidable cost that comes with the ownership of a vehicle.  However, what many people don’t know is there are a number of insurance discounts available to help you save on your auto insurance premiums.

Discount #1: Good Credit
Many people don’t realize that most insurance companies now use a credit-based scoring system to determine your insurance premiums.   They have found a direct correlation between your credit score and likelihood of you being involved in an accident.

This means that in determining your auto insurance premiums, insurance companies will offer discounts to applicants with higher credit scores.

Discount #2: Anti-theft Discount
Installing security features like a car alarm, fuel cutoff switch, or stolen-car tracking system can lead to discounts of up to 25 percent on the comprehensive portion of your auto insurance policy.

Discount #3: Occupational Discount
The type of work you do can actually have an effect on your premium.

Car insurance companies understand that certain occupations lend themselves to significantly less driving and fewer accidents.  Many insurance companies offer discounts to doctors, dentists, teachers, engineers, and scientists.

Discount #4: Green Discounts
Some insurance companies are rewarding peoples efforts to go green.   For example, some insurance companies are offering discounts for receiving monthly online statements rather than paper billing statements.  Others are offering discounts for signing your application with an electronic signature. And, most importantly, owners of hybrids and electronic vehicles can realize significant savings for the type of car they drive.

Discount #5: Early Purchase Discount
By purchasing your auto insurance policy before the renewal date, usually two weeks, you may qualify for an early shopper discount.   Insurance companies will actually reward you for doing your insurance shopping ahead of time.   This discount varies in size from 5 percent to 15 percent depending upon the insurance company you choose.

Discount #6: Armed Forces Discount
For anyone in the armed forces – including students in programs like ROTC – your insurance company may offer an additional 10 to 15 percent military discount.

Also, depending upon the insurance company, there may also be additional discounts available for association participation, marriage discount, or good student discounts to name a few.

If you are interested in finding out what auto insurance discounts you may qualify for, please don’t hesitate to give our office a call and we’ll be happy to assist.