Budget Concerns: How Much Insurance is Enough?

4 Little Known Car Insurance Discounts To Take Advantage Of

11 May 2016

Dustin Duncan

Owning a car insurance policy is something every driver needs to have to ensure that they are driving legally on the road. This can also protect you from financial trouble in the future if you are in a wreck. However, owning an auto insurance policy can definitely be expensive, which is why it's important to take advantage of discounts that are offered to you by the company. Here are four little-known car insurance discounts to ask your insurance agent about:

1. Advanced Discount: Many car insurance companies will provide you with a discount if you buy your policy at least a week or more before it's set to start. The reason for providing this discount is because it shows that by paying early, you are responsible and probably will not cancel your policy any time in the near future. Be sure to ask about this discount so that you are able to take advantage of it before it's too late. 
2. Automatic Payment Discount: Many auto insurance companies will also provide discounts to customers who set up automatic payments through their bank account. This is because it ensures that the insurance company is more likely to receive their payment on time, which is worth providing customers a discount for. Be sure to ask about this so that you can determine which way of paying for your insurance is best. 
3. Good Insurance History: Having good insurance history isn't exactly a discount, but it does save you money in the long run. When you have been with one company for a long period of time, it gives that company and others good reason to want your business. Most of the time, this means you are going to receive the most competitive rates in order to ensure that you stick with a specific company. 
4. Usage-Based Insurance:  Not many people know about this insurance method, but you can now have devices installed in your vehicle that tracks how you brake, how many miles you drive per day on average, and more. If you are a good driver, installing one of these devices can be worth it in the end and you may see significant savings on your auto insurance premiums. This is because insurance companies like to see that drivers are safe and highly unlikely to be involved in an accident. 

When you know these four little-known car insurance discounts to take advantage of, you can be sure that you know what to ask about when you visit your insurance agent in order to save as much money as possible. Talk with a local insurance agent, like those at Olympic Northwest Insurance and similar offices, for more information.

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