What Kind Of Discounts Are Available On Auto Insurance?

By Author: J.J. Yong
Total Articles: 963
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Today getting discounts from auto insurance package is quite easy due to the tough competition among the insurance providers competing against one another to offer their best possible services, best rates, cheapest rates, most well covered plan, and so forth.

There are many types of auto insurance discounts which are available today. However not all of the insurance company offer all these discounts, but most of them did to add value in their overall competitiveness against their challengers in the insurance market.

Here are some common types of auto insurance discounts which may be applicable for some of you out there:

a. Combination discount

Normally, a reduction of 10-20% discounts from your premium is made possible if you insure both your house and your car with the same insurance company; or by insuring more than one vehicle with the same insurance company. This will viable you to obtain some sort of combination discount from the insurer as a gesture of appreciation.

b. Loyalty Discount

Some auto Insurance companies offer loyalty discounts to their customers who had been with them ...
... for three years and above. This discount can reduce some 5 - 10% of the premium in some cases. This serves as one of the incentives provided to their regular customers in an effort to sustain long term relationship between the customer and the insurer.

c. Safety Discount

This particular discount is only applicable for certain states in the USA as a mandatory type of discount, such as in Florida and New York, drivers who have equipped their vehicles with some of these additional safety features such as antilock brakes, airbags, automatic seat belt, antitheft devices are rewarded with safety discount.

d. Good student discount

This discount is made available to single drivers under the age of 25 with specific academic achievements in their current educational curriculum and environment.

e. Senior defensive Driver discount

This discount is qualified only by those who must be at least 65 years old and who have undertaken a driver's educational course approved by the Department of Motor vehicles.

f. Electronic Stability Control discount

This is only applicable for collision coverage, this discount is available for those with passenger cars equipped with the electronic stability control feature.

g. Farmers and Ranchers occupational discount

Automobiles such as farm trucks, shall be entitled to this discount whether if he is the owner, tenant or permanent resident of the farm or ranch premises. The automobile should be primarily garaged on a farm or ranch and should not be used for any other purpose than farming.

h. Paid in full discount

Customers who paid their insurance 100% in full term with cash normally will be entitled to a discount of up to 20%.

These are only some of the few types of discounts which are offered by the auto insurance companies for specific group of people(or terms and usage). Other than these, there are many other types of Insurance discounts which are made available where you can seek for by looking into the Internet.
For more information about auto insurance reviews and auto insurance rates, visit AutoInsuranceEssentials.com.