If you’re looking for ways to cut back on your expenses, you’re certainly not alone. Do you find yourself only comparing car insurance quotes when it’s up for renewal, or have you recently bought a new car?

What if you started comparing rates regularly? If you could save up to 40% on it, would you be interested in it?

From grades to classes, we’ll tell you about discounts you might not know about and how to take advantage of them.

Discounts for students, military and seniors

Increasing your deductible, keeping your policy for several years, and covering multiple vehicles and drivers on your policy are some of the most common ways you can get cheaper car insurance. Did you know you can get a discount for your child’s good grades?

In general, most companies offer a discount for full-time students between the ages of 16 and 25 who have a GPA of 3.0 or higher, helping you save 10% to 25% on your insurance rates.

Students who do not regularly travel to school, military personnel, federal employees, etc senior citizens can also save money on your insurance rates.

Ask your agent about possible discounts if they apply to you and your family members.

Driving Discounts

It’s common knowledge that the fewer accidents and tickets you have, the lower your insurance rates will be. But have you heard of driver training courses?

Driver education classes can benefit you by learning about the different situations you may encounter while driving and can save you anywhere from 5% to 15%.

The pandemic has moved many workers from the office to work at home full time. Have you informed your insurance company about these changes? If not, you might want to. A lot less miles can be driven each year save money.

If you’re comfortable with your insurance company tracking your driving, you can add a tracking system to your car. In some cases, you have the option of choosing coverage that allows you to pay per mile you drive instead of paying a fixed amount for your car insurance.

What are some factors that affect auto insurance rates? The number of hard braking stops, sudden accelerations, and the average number of kilometers driven per year are just some of the data this technology will track and send to your insurance company.

You will want to consider whether this observation of your driving habits is worth the discount.

Features of the car and additional discounts

Car anti-theft devices can save you money on the full portion of your policy if your car is equipped with them. Newer cars that have the latest safety features and technology can also save you money.

Consolidation can save money. You can save between 5% and 25% on your insurance rates if you choose to insure your home and vehicles with the same company. There are also discounts for having multiple cars under one policy.

Don’t be afraid to switch insurance companies if you find a cheaper rate; you must not have any lapses in coverage. Some companies will still offer a discount for continuous coverage, even if it wasn’t with that particular company.

Technology did financial independence easier for the consumer. Online options allow you to do things on your own that you would not have been able to do in previous years. However, when it comes to your insurance coverage, contact your agent directly.

Your agent works for you and knows all aspects of policy information and discounts, both old and new, that are available. If you think you may qualify for discounts that aren’t currently included in your policy, call your agent.

Don’t wait for your policy to renew. Your agent can adjust rates even if it’s in the middle of the policy term.

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