When you do a car insurance quote, you probably apply a few discounts that you see after you fill out your information. However, there are many other discounts that most people don’t even realize exist, and they can save you a lot of money. Here are some auto insurance discounts that you may not realize are out there.
Many auto insurance companies will give discounts to employees who work for certain companies. If you have a list of companies that offer discounts to employees of your company, make sure you go through it and see which auto insurance companies are on the list. If not, you can call around to the different insurance companies and ask them if they provide discounts for your employer. You could be missing out on a huge discount and not even realize it.
If you are in the US Military, many auto insurance companies will offer discounts that take about 15% off of your total premium. Throughout the years, that can add up to huge savings. While many insurance companies promote the military discount, people often think they’re out of luck if they’re no longer active duty. However, if you are a veteran, ask to receive the military discount. Most, if not all of the insurance companies will give it to you.
Auto Pay Discounts
Another type of discount that many people are unaware of is the auto pay discount. Some insurance companies will take a specific percentage or dollar amount off of your monthly bill if you’re signed up for auto pay. This is their way of making sure your bill is paid on time every month and giving you a nice incentive to do it. You won’t have to worry about forgetting to pay your bill.
If you have more than one car at home, you could be spending a lot more money using separate car insurance companies or having separate accounts. If you put every vehicle on the same account for your car insurance in San Antonio. People who have separate insurance accounts find themselves paying an average of 20% more each month.
Auto insurance companies know that vehicles without anti-theft devices are at a higher risk of being stolen. Therefore, they offer discounts to people who do have them, because they’re lower-risk clients. Anti-theft devices can be a car alarm, a LoJack, VIN etchings, or anything else that makes it more difficult to steal your car. Make sure you know which devices you have and let your auto insurance company know about them.
Another great discount that many car insurance companies offer is a discount for students. Most companies only offer the discount if the student holds a certain grade point average. Some will have age restrictions of 23 to 25 and below, while others offer them for students of any age. If you’re a student, let your auto insurance company know and give them your GPA so you can see what kind of discount you will receive.
Homeowners Association Discounts
If you live in a community with a homeowners association, you could find yourself saving a lot of money on car insurance. Homeowners associations ensure people maintain their home and land properly, and auto insurance companies know that people who do this will put just as much care into their vehicles, making them lower-risk clients. Instead of being hasty about your auto insurance, make sure you call your insurance company and ask about all of these discounts. You could end up lowering your premium significantly before your next payment is due.