The way you choose to arrange coverage for you vehicles can get you discounted car insurance. Depending on the circumstances and insurer either staying loyal to current insurer or switching to another provider can save you money. Bringing further business to your current insurer can offer extra savings as well. This can be any line of business as long as the company underwrites them. Consider the following easy ways of getting more affordable rates and see if they can help you save as much as you want.
Multi-car Insurance Discounts
Drivers who insure multiple vehicles on the same policy can save between ten to twenty percent. There can be eligibility requirements with some companies. For example, they may require that owners of the cars insured must be residing in the same address and they are driven primarily by the people living in the same address.
Better rates would be offered as long as eligibility requirements are met and you can get savings regardless of how much coverage you buy. The coverage for all the vehicles does not have to be the same. You can buy only liability coverage for one car while the others are fully insured.
Multi-policy and Multi-line Savings
With some insurers you can get lower rates by moving another auto policy to them or by buying another line of policy like home, motorcycle and life. Savings would range from ten to twenty percent. With some companies the more you buy the higher the savings. They may also offer the discount even if another member of your family (who is residing in the same home) buys a policy with them.
There are various solutions in the market that deliver nice savings. Some companies can cover your home, automobile, motorcycle and holiday home under one policy save you as much as forty percent overall. You would keep getting the savings as long as you keep having all the policies with the same company.
Sometimes Being a Loyal Policyholder Can Save
Some companies appreciate and reward their loyal policyholders. They offer them additional savings depending on how long they have stayed with the company. For example, you may get five percent savings when you remain loyal to the company for three year and this may increase to fifteen percent after five years.
Once you start getting lower rates you will keep getting them year after year as long as you remain with the company. Choosing a company who appreciates your business does pay. However, not every company offers such savings even you stay with them ten years.
Discount Auto Insurance for Early Renewal
Some auto insurers may offer extra incentives to renew your policy quickly. You may receive about five percent discount if you renew your policy well in advance of the renewal date. Actually, many companies authorize their sales agents to make around 5% concessions if the policyholder calls and raise an issue, make a complaint or ask for a little saving.
It may also work if you call the company after receiving quotes online and asking if they could improve on the quote. Such strategy would only work if you are prepared to take the quote there and then. They don’t advertise such offerings since it would lead to flood of calls but they are prepared to meet you halfway if you are prepared to make the purchase.
This is a sales tactic that is used successfully in many other lines of business. You call the company to make a complaint or complain about a recent quote and you end up buying another policy or product from them. But you can turn the tables on them and get a better price.
Auto Insurance Savings with Switch & Save
On the contrary to early renewal, some companies offer to lower car insurance premiums for switching to them. Usually you get 5% extra saving for just agreeing to switch to companies like Esurance. This is extra icing on the cake to make sure it is appealing enough for motorists to take the bite and move over.
Full Premium Payment in Advance
Companies like to receive the premiums in advance and in one go for several reasons. This reduces administration and increases the chances of policyholder staying with the company for the full term. Also, they receive the money in advance and can put it in use straight away. Policyholders can get around five to ten percent price cut if they choose to settle the premium, instead of looking for installments. Ask before making the payment since this may not be an automatic saving. Thousands of people make full payment without knowing they can save money.
This is one of the simplest ways of achieving even cheaper premium. You have a good enough quote and you manage to get even lower quote just because you pay fast.
Lower Car Insurance Rates for Paperless Policies
Generally up to a 5% lower premium is offered to drivers who access their details online and download their policies and proof of coverage, instead of receiving paper documents. You may need to step up an automatic payment order and sign up an online account. It may be one time discount with some insurers and continues with others.
Cheaper Auto Insurance Quotes Online
Insurers save money when motorists buy their policies on the Internet. That is why it is no surprise that they offer lower rates when someone complete their purchase on their websites. You can get around five to ten percent reduced rates online compared to policy purchases done through telephone or on the high street. This may be a onetime thing on the basis that you set up automatic payments online.
Discount Car Insurance Companies
Not many insurers are generous. Nonetheless, there are handful of companies who are generous in the way they give rate cuts. They are almost like looking for excuses to offer extra discounts to their applicants and policyholders. And the surprising fact is that some of these companies are within the top 5 car insurance companies like GEICO and Progressive. This goes to show that you don’t really have to compromise in coverage or quality of insurance to get more affordable vehicle insurance quotes. You should always keep this in mind and push for better deals. Here are some of the other lowest-priced auto insurance companies in your state.