Do you ever wonder if you are overpaying for your car insurance? If so, you are not alone. After all, USA Today reports that a 2013 consumer study by NerdWallet found that drivers in the U.S. overpay for car insurance by an average of $386 per year. Shopping around for better rates alone could save as much as 32 percent, and even greater savings are available to those who are willing to search for discounts. Continue reading to learn more about discounts on car insurance quotes and ways you can avoid paying too much in premiums.
Protect Your Good Name
Insurance companies build a risk profile around each person they insure. When you obtain car insurance quotes, the rates you are quoted are based on insurer’s perception of your future claims risk. Improving your risk profile may qualify you for auto insurance discounts and help ensure you do not overpay for coverage.
To start, take steps to pay down debts and pay bills on time, as your credit score can play an important role in your insurability. You may also qualify for lower rates if you enroll in a driver’s safety education course or if you purchase a vehicle with built-in safety features, such as anti-theft devices. Of course, do your best to maintain a spotless driving record, too, as moving violations and accidents can impact your premiums.
Bundle and Consolidate Your Policies
Once you find a car insurance provider who will offer you the right coverage at an affordable price, the Insurance Information Institute suggests purchasing additional types of insurance from the same company. For example, many auto insurance providers will offer multi-policy discounts to customers who bundle their homeowners and auto coverage. Discounts may also be available when you insure more than one vehicle on your policy.
Take Advantage of Low Mileage Discounts
The average driver in Arizona will use his or her vehicle to commute to school or work, as well as for personal use in the evenings and on weekends. If you do not fit this profile, you may qualify for low mileage discounts. Whether you carpool, work from home, or have a shorter daily commute than the average person, a low mileage discount could reduce your insurance premiums. Similarly, be sure to let your insurance agent know if you have a student who is away at college. An unused vehicle that is parked at home for the semester could qualify for additional discounts.
Want More Discounts? Just Ask.
Keep in mind that there are many types of auto insurance discounts available – some of which may not be advertised by an insurer. It pays to speak with an agent and ask specifically about the types of discounts that are available and how you can qualify for them. After all, insurance companies provide discounts for all types of things, ranging from getting married to choosing paperless billing.
Shopping around is also beneficial when searching for coverage. When you work with an independent agency, such as ours here at Vanyo Insurance Group, you can shop and compare car insurance quotes from multiple Arizona providers. Our team can help you compare policies not only by price and discounts, but also according to the amount of coverage they provide as recommended by The National Consumers League. For more information or to obtain your free, no-obligation quote, contact our office today. We look forward to serving you soon.