Nowadays, owning a car has become rather expensive as gas prices continue to rise, certain cars may require costly maintenance checkups and, not to mention, the high price of auto insurance.
While the rising price of gas and high cost on auto repairs are uncontrollable factors, the cost of auto insurance is one aspect of owning a car that allows for possible savings.
If you haven’t reviewed your policy in a while, you might be missing out on a broad array of valuable discounts that could save you a considerable amount of money in the long run.
Visit our article: How to Buy Auto Insurance
“Competition among insurers is so fierce that new car insurance discounts are popping up all the time,” said Michael Barry, Insurance Information Institute spokesman. “They’re trying to differentiate themselves in the marketplace.”
Insurer discount information will vary from company-to-company. Some companies will list the discount information directly on their homepage while others may only locate this information on a specific section of their website.
As with any type of insurance, it is recommended to shop around before purchasing a policy. It is also recommended to look beyond a company’s website and to explore buying guides from state insurance departments, media reviews of companies’ offerings and research by industry groups.
Bankrate, one of web’s leading aggregator for financial rate information, recently complied a list of popular discounts found on the websites of the ten largest auto insurers in the U.S. to help consumers identify certain discount rates.
The top ten auto insurers are State Farm, Geico, Allstate, Progressive, Farmers, USAA, Liberty Mutual, Nationwide, American Family and Travelers.
While most of these insurers offer typical discounts, some of them offer specific discounts that could make a substantial difference on your premium.
The next page breaks down each of the auto discount rates.
