5 Types Of Auto Insurance Discounts You May Be Eligible For

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Avoiding Renter's Regret: Understanding Renter's Insurance Coverage

Moving into my first apartment brought along a whole series of new experiences. I didn't realize that the property insurance my landlord carried wouldn't cover my belongings. I was lucky to find out before anything happened, and I spent a lot of time researching the difference between renter's insurance and the property coverage for landlords. I built this site to share all of the information that I learned, including the insurance coverage best practices I picked up along the way. If you're new to renting and don't have any renter's insurance, I hope the information here helps you to see how it could benefit you and what you need to do to get it.


5 Types Of Auto Insurance Discounts You May Be Eligible For

14 February 2022
 Categories: Insurance, Blog

Are you currently shopping around for auto insurance, but do not want to pay any more than what you have to? If so, it will help to know about some potential discounts to ask about.

Multiline Discounts

One of the most common discounts that you can get on your insurance is a multiline discount. This means having more than one policy with the same company, which will result in some savings in exchange for bringing them more business. If you have an auto policy, it should be very easy to combine it with a renter or home insurance policy as well.

Student Discounts

You may be well aware of how younger drivers tend to see higher car insurance premiums because they are more at risk of causing an accident. However, you should let your insurance provider know if your teenage driver has good grades. Submitting a copy of their report card with a high GPA can give them a student driver discount, since they are viewed as less of a risk due to being responsible at school. 

Low Mileage Discount

Do you work from home these days and do not do much commuting to the office? Let your insurance provider know to give you a low mileage discount on your auto insurance. Each insurance provider will have a threshold for what they consider low mileage driving, and you'll be expected to submit an odometer reading in order to get that discount.

Safe Driving Discount

Your insurance provider may offer you a safe driving discount, which is done by tracking your vehicle while it is in motion with a special beacon. That device typically pairs with your smartphone, and assigns you a grade based on various driving behaviors. It can track how fast you accelerate, how suddenly you brake, how sharp you take turns, and even if you drive at night. If you have good driving behaviors, you may see a significant savings in your premiums.

Anti-Theft Recovery

Do you pay for a service that offers anti-theft recovery? These systems allow your vehicle to be tracked if it were to be stolen, and make it much easier to recover your vehicle. Paying for one of these systems can result in savings on your insurance premiums, because it is less likely that your car will be stolen and gone forever. 

Ask your insurance agent for more ways that you can save money on your insurance premiums.