In the past, insurance companies would only drop rates if you prove that you have years of good driving record. Nowadays, some companies will offer discounts immediately if you let them monitor your driving habits in real time.
2) Features for Safety
New cars usually offer safety features where you can receive up to 10% discount on collision premiums. Check if the vehicle has tire-pressure monitoring systems, rearview cameras, daytime running lights and anti-lock brakes.
3) Theft Prevention
One significant risk factor that determines your rate is the likelihood of someone stealing your car. VIN etchings, LoJack tracking systems, cutoff switches, and alarm systems on your windshield can help give you an additional 10% discount.
4) Chosen Vehicle
Sports cars and 4x4 SUVs usually have higher premiums because the vehicles are faster and heavier, which means they are capable of causing more damage in an accident. Sedans and Minivans may be cheaper. You may save 10% for hybrids because insurance companies believe that hybrid owners will treat the vehicle well.
5) Habits in Driving
Most insurance companies believe that the location of your home, the distance of your home to work and where you park may be factors that can influence the risk of accidents. Some companies give discounts if you park in a secured lot and travel less than 15 miles to get to work.
6) Minimal Mileage
The less distance you drive can make you less likely to get into an accident. A lot of insurance companies may offer discounts if you drive less than 12,000 miles every year.
7) Good Student Discounts
Students that have good grades can have up to 20% on their selected premium. Most companies require a GPA of 3.0 or higher to qualify for the discount.
8) Students in College
College students who live more than 100 miles from home may usually get discounts if they leave their vehicle at their parent's place. They are likely to drive less which minimizes the risk of accidents.
The job that you have can help give you discounts depending on your field. Many insurance companies offer discounts for all sorts of different occupations, so don’t forget to ask if your occupation is one of them.
10) Government and Military Workers
Some companies offer savings to retirees and members of commissioning programs like ROTC, the National Guard, and the Armed Forces.
At the Western Pacific Insurance we take pride in making sure our clients are well protected at prices they can afford. To learn more about how we can help you please contact our agency at 702-932-3105 or Click Here to request a free quote.