Lesser-Known Auto Insurance Discounts

Insurance Blog

Everyone wants to pay less for car insurance. With the high costs of car payments, maintenance, and gas, car owners understandably look for ways to cut corners on their car insurance. What you never want to do is skimp on coverage, or you will regret it in the event of a car accident. According to the Insurance Information Institute, millions of people are injured every year in automobile accidents, and uninsured drivers could face financial ruin because of the lack of protection if an accident occurs. Instead of skimping on coverage, look for possible discounts. The follow discounts are sometimes available, so check to see which rare rate break you may be qualified to receive.

Alternative Fuel Hybrid Discount

If you drive a hybrid vehicle or one that runs on alternate fuel, you may qualify for a nice rate discount. Considering that hybrid cars sometimes cost more than fuel cars, and alternative fuel vehicles have their own unique requirements. So this discount alone won't motivate someone to buy these vehicles. It can, however, be a very good perk. Since drivers of hybrid vehicles and those that run on alternate fuel tend to be less likely to be in an accident, this discount makes sense for both the driver and the insurance company.

Homeowner Discount

If you own your own home, some insurance companies are willing to give you a discount on the cost of auto insurance. This is not at all related to other types of insurance that may be needed when you own a house. Instead, whenever you buy a house, simply update your car insurance carrier and inform them of your new status as a homeowner, and they may revise your policy and rate. With all the expenses that come with owning your own home and keeping up with related costs, this discount can be very helpful. 

Being Continually Insured Discount

Sadly, some people let their car insurance lapse at different points in time. When they have to choose between paying their car insurance payments and taking care of other financial expenses, sometimes insurance just lapses. Do your best to not let that happen to you! If you stay on top of your insurance payments, that can lead to some big savings down the road in the form the continually insured discount provided by some insures. 

Finally, now matter what your personal situation, there is likely a car insurance discount that is available to you. An auto insurance carrier like Crowel Agency, Inc. can help you identify discounts and choose the ones that are right for your situation.

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24 December 2016

Understanding Insurance Policies

When I got married, I knew that there were a few things that I needed to learn about the way the world worked. For starters, I had to figure out how insurance worked since I wanted to make the most of my life without worrying about money. I started focusing on the policies that I had in place and gradually moved towards acquiring new life insurance and the like. Having each of these coverages helped give both me and my spouse peace of mind. We both knew if something happened to me that the other would be okay. Check out this blog to learn more about insurance needs.