Insurance Discounts

With the cost of car insurance rising, you could use a break. Most auto insurance companies offer a range of discounts that can help you save hundreds of dollars on your premiums. You just have to know what to ask for. Find out which discounts you qualify for then shop around for the best auto insurance quote.

Multiple car discount – If you have two cars insured with the same company, you can get a significant discount. In some cases, insuring two cars costs the same as insuring one. The cars can be owned and driven by different members of the same family, as long as you live at the same address.

Annual policies – If you currently have a six-month car insurance policy, switch to a 12-month policy. Annual policies work out cheaper than shorter ones. If the cost of insurance goes up dramatically, the insurer is obligated to offer you the policy at the original price for the remainder of the contract.

Low mileage discount – If you only drive on weekends, you can save a fortune on your car insurance with a low mileage discount. People who drive less pose a lower risk to insurance companies. They also pay a lot less.

Comprehensive storage coverage – If you're not going to be using your car for a while, put it in storage and switch from standard car insurance to comprehensive coverage. You're unlikely to crash your car while it's in storage.

Group discounts – Many car insurance companies offer discounts to members of certain organizations. Contact your insurance provider and ask for a list of affiliates. Sometimes all you have to do is apply for a credit card, and you can save 5-10% of your premiums.

Internet discount – Many insurers offer a discount for buying online. It's cheaper for them because they don't have to employ a person in a call center to deal with your order. Part of the saving is passed on to you.