Whether you’re looking to fulfill the insurance requirements for your startup, have a new vehicle owner in the family who needs coverage, or are on the lookout for reliable home insurance, the issue of cost will always be relevant. Even if the insurance you seek isn’t optional, you probably agree with most policyholders that a reasonable price point can make or break your resolve to purchase a plan.
It’s no secret that insurance costs add up quickly – but most carriers have discount systems in place to mitigate prices and reward good citizenship. Here are eight of the most common insurance discounts available today.
Anti-Theft Discounts
Just as you don’t want your vehicle stolen, insurance companies also want to reduce the number of claims they receive. Many auto insurance providers have discounts for drivers who install extra measures to protect their vehicles – such as manual or auto disabling devices, car alarms, and vehicle tracking systems.
In twelve states – including Pennsylvania – insurers are required to provide a discount on comprehensive auto coverage if policyholders take additional anti-theft measures.
Safe Driver Discounts
Just like theft prevention, accident prevention could earn you savings on your insurance premiums. Some auto insurance providers offer discounts to drivers who maintain a clean, accident-free driving record for a set period. You can find these discounts for entire households, as well as individuals – so if your whole family drives safely, you may be able to cash in!
Academic Discounts
High school and undergraduate students are no stranger to “good grades” discounts, as many large corporations advertise these promotions around the start of the new school term. Some vehicle insurance providers also offer academic discounts. Grade point average requirements vary by provider, but these are usually awarded to students who maintain a GPA of 3.0 or higher.
Multiple Policy Discounts
If you’re loyal to one insurance provider across multiple types of insurance – home and auto, for example – you could be awarded with a multiple policy discount. This is a great way for insurance providers to express their gratitude to their policyholders, while also providing an incentive to keep them around.
Responsible Payment Discounts
Providers respect policyholders who consistently pay their premiums on-time and in-full. Having a pristine payment history over a set period – usually at least 12 months – could earn you a discount.
If you think that you might qualify for any of these great cost-saving solutions, don’t skip out on the opportunity to potentially save money. Your insurance agent will be able to tell you whether options are available to you for your specific plan type.
Superior Insurance and Auto Tags offers all the discounts listed here, and more. We provide you with as many solutions as possible to make your insurance plans as cost-effective as they are reliable. Our agents will tell you everything you need to know about our variety of personal, commercial, and auto insurance options. Schedule a consultation online today to begin your journey with us!