To take advantage of the maximum savings possible on your auto insurance policy, it is important to qualify for and be eligible for discounts.
Many popular discount programs allow you to save as much as 30% off your premium, including “Good Driver” discounts, low mileage discounts, and multi-vehicle/multi-policy discounts.
Good driver discounts are awarded to drivers who have maintained clean driving records for three to five years. Some companies may require that you hit closer to the three-year mark, while others prefer that you hit closer to the five-year mark. Regardless, this discount is awarded because insurers see you as less of a risk for future claims payouts.
Low mileage discounts are also typically awarded to drivers who drive less than 7,500 miles a year. Auto insurance companies may also create tiered discount programs offering drivers with less than 7,500 miles a higher percentage discount than drivers between 7,500 and 10,000 miles.
Here are other types of discounts that you may qualify for:
Be sure to stay in touch with your auto insurance company. It is a good idea to call them every six months to see if you qualify for any new discounts. Also, remember to call as your life circumstances change. For example, if you have recently purchased a new home, you may be able to bundle auto and homeowner’s insurance.