Gas prices are at an all-time high, and there doesn't seem to be any relief in sight. Because of this, people are looking for more ways to save money on gas. You could save money on your car insurance to make up for how much gas costs.
Today, millions of people buy their car insurance policies over the phone and on the Internet. More money than ever is being spent on advertising by insurance companies. There are a lot of websites that offer rate quotes and policies, from the insurance companies themselves to sites that give you multiple quotes from a single application.
With more people calling and going online to get car insurance quotes, decisions about cost and coverage are being made faster than ever before. Does the average person who buys car insurance have the right policy at the best price? Can a person cut down on the cost of getting around by saving money on car insurance?
Many people who buy car insurance don't know that there are a lot of discounts available. Check out the list below to see if any of these discounts are right for you.
With a multi-car discount, the premium for each car on the same policy will go down. Some insurance companies will sell you a separate policy for each car, but they will still give you a discount for having more than one. Keep in mind that each policy can have overhead or extra costs, so putting all of your cars on the same policy could save you money.
Most insurance companies offer discounts to full-time high school or college students with a GPA of 3.0 or higher. This discount could be as high as 15% on the student's main car. If the student driver's premium is between $1,000 and $2,000 per year, a good student discount could save them between $150 and $300 per year. If you multiply that by the number of years you are in school, you will save a lot of money.
Depending on your education and job title, some insurance companies will give you a discount on your insurance if you work in a certain field. Teachers, medical professionals, scientists, engineers, computer professionals, and others who need a college degree, licence, or certification.
A discount for not being a target for thieves can lower the part of the policy premium that covers theft and vandalism. Most people think this is a Global Positioning Satellite (GPS) system, where a satellite can be used to find your stolen car.
Some companies give active and retired members of the military a 2–15 percent discount.
Seniors can take driving courses approved by the Department of Motor Vehicles that can lower their insurance rates by up to 10%.
And, of course, if you are a good driver, your insurance company will give you a good driver discount and lower your rates.
"Who is happy with how much gas costs now? Studies by groups that look out for consumers show that the main reason people pay too much for auto insurance is that they don't take the time to look around and compare prices. If you know what to look for and ask, you can save hundreds of dollars a year on a policy. And it's never been easier to buy car insurance."
