10 Hidden Ways to Save Money on Auto Insurance

by AutoInsuranceQuotes.org Staff Writer on November 11, 2011

When it comes to saving money on car insurance, there are some things that you can control and some things that you can’t. You’re probably already aware of the importance of maintaining an excellent driving record and owning a reasonable vehicle in order to get low rates. There are several other special discounts floating around out there that aren’t often advertised. Familiarize yourself with the following list of special auto insurance discounts and mention them to your insurance company to see if you qualify.

  1. Good Grades Discount
    If you are a driver between the ages of 16 and 25, attend school and have good grades, you may be eligible for a discount. Whether you or your parents pay that bill, it’s a nice way to save a few extra bucks. Car insurance companies view good students as responsible people, and responsible people are less likely to engage in reckless driving and other risky behaviors behind the wheel.
  2. Parking in the Garage
    Did you know that parking your car in your garage can save you money on auto insurance? Not all insurance providers offer this discount, but it’s worth finding out if yours does. Even if it means having to clean out your garage for the first time in years, it’s worth it if it will save you some cash.
  3. Have Your Driving Monitored
    It may sound like being monitored by your car insurance company is a form of punishment, but it’s actually a way to score lower rates on your car insurance policy. By agreeing to have a “black box” temporarily installed on your vehicle – and driving as safely and carefully as possible – your rates could drop.
  4. Carpool Discounts
    In some cases, you may be eligible for a car insurance discount if you regularly carpool with other drivers. Auto insurance companies occasionally offer this discount to encourage people to share rides. Carpooling is good for the environment, and it can save you money on fuel too. Be sure to ask your agent if this discount is available.
  5. Hybrid Vehicle Discounts
    Hybrid vehicles tend to be more expensive than traditional, gas-guzzling vehicles. You can recoup some of that added expense by finding out if your car insurance company offers special deals for hybrid cars. Many insurance providers like to do their part to encourage more eco-friendly habits, and this is one instance in which you could lower your bill.
  6. Farm or Ranch Vehicle Discounts
    When you originally set up your car insurance policy, you were probably asked how you were normally going to use your vehicle. On the off chance that you strictly use it on your own property, you may qualify for a farm or ranch vehicle discount.
  7. Teacher Discounts
    If you are a teacher, you are probably always looking for ways to stretch your salary as far as it will go. A significant number of auto insurance providers give discounts to people who can prove that they are certified by the state. This isn’t the type of thing that often comes up when signing up for auto insurance, but it’s worth looking into just in case.
  8. Driver Safety Courses can Save You Money
    You may not savor the idea of taking a driver safety or education course, but you might be more agreeable to the idea if it means that you’ll save money on car insurance. Make sure that you find out the specific guidelines that are involved in getting this type of discount.
  9. Credit Score
    Do you have a good credit score, or has your credit score improved a great deal since you originally signed up for your current car insurance policy? If so, you should let your insurance provider know. Good credit is a sign of being a responsible person, and car insurance companies often extend discounts to those who have proven that they are responsible.
  10. Loyalty
    One final thing: Being a loyal customer might qualify you for a special discount. If you’re thinking about switching and have been with the same company for a long time, let them know. In order to retain your business, they may give you a special discount for being a loyal customer.

Leave a Comment

Previous post:

Next post: