The question I am asked most often by my car insurance and homeowner insurance clients is how can I lower the cost of my insurance and still be adequately covered. The first step is to be certain that you’re getting all the discounts you’re entitled to. Below is a list of the most common discounts offered by most car insurance and home insurance firms:
Multi-car discounts around 20%
Multi-line discounts- home and car insurance combined, can be up to 22%
Longevity discounts- staying with the same company, can be up to 25%
Age discounts- usually starts at 50 years old
Defensive driving discounts-usually 10% for 3 years
Pleasure use discounts-unless you use your car back and forth to work
Academic discounts-typically for student who maintain a 3. GPA up to 15%
Alarm discounts-typically very small in most cases applies only to theft coverage
Alcohol and drug awareness discounts
The amount of time to review your policy is when you get your renewal notice. If after reviewing your policies you realize that you were entitled to discounts that did not appear on your policy, call your agent or company and ask for your money back from the time the discount should have been added. It’s also a smart idea to shop your car insurance, by either calling other insurance carriers or by getting a car insurance quote on line.
Comparing car insurance quotes will give you ammunition when you speak to your existing company. Realize though that many companies will offer a discount car insurance rate initially but will raise your rates significantly if you have a claim. So when you’re getting car insurance quotes make sure to ask about the amount your policy will be surcharged if you do have a claim.
Meeting with your insurance agent every 2 years or so a very good idea, because insurance coverage and discounts are never stand still so keeping an eye on those policies as they renew is a very prudent worthwhile move to make.
Go to Fort Worth Auto Insurance For more information..