There are a slew of ways to reduce your auto insurance costs besides being a good driver—all you have to do is ask.
“Some discounts are to encourage customers to buy with the company and some discounts are because the risk to the insurance company is reduced,” says David Thompson of the Florida Association of Insurance Agents. However, he says if you want the discount, you have to ask for it.
Safety Equipment Discounts
These days most new cars come standard with safety features that not only protect the drivers in an accident, but can save on auto insurance.
According to the Independent Insurance Agents & Brokers of America, drivers can get discounts if their cars are equipped with anti-theft devices, anti-lock brakes and/or passive restraint systems like airbags.
Other safety features that can yield savings include traction control and daytime running lights. And the savings add up: At AllState, airbags and motorized seatbelts can slash up to 30% off a bill, anti-lock brakes can get a 10% discount and an anti-theft device can save up to 10%.
You’ve no doubt noticed that premiums have gotten pretty pricey. Rates have climbed 69% over the past decade to an average of $1,000 a year.
