Categories

Auto

Tools

  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts


    Top 20 Vehicles For Getting Tickets
    Top 25 Cities For Highest Auto Insurance Rates
    5 Secrets To Save Your Teen On Car Insurance


    11 Car Insurance Discounts Worth Asking For

    Drivers with short commutes, who own their home and who don’t drive every day of the week are among the many consumers eligible to save hundreds of dollars each year on car insurance. Not that they necessarily know it.

    The average American spends $762 per year on car insurance, according to a Bankrate.com survey. Depending on where you live, you’re more—or less—likely to score big discounts. Missouri residents get the most discounts (discounts are available about 33.1% of the time), followed by Connecticut (32.6%), Indiana (32.3%), Wisconsin (32.1%) and Iowa (31.7%), according to a survey released Monday by Insure.com. Meanwhile, residents of North Carolina tend to get the fewest discounts (discounts are available about 13.2% of the time), followed by Hawaii (14.5%), New York (20.3%), Massachusetts (20.5%) and Michigan (20.9%).

    While it’s hard to pick up and move, the good news is that you can score car insurance discounts no matter where you live. The most common discounts—and the ones that most of us have heard about—include those for being a good student (77% of the insurance carriers surveyed by Insure.com offered this with an average 16% discount), having a home policy with the same company (68% offered this with a 9% discount), paying all of most of the bill upfront (46% offered this with a 9% discount), being married (41% offered this with a 14% discount) and taking a driver training course (41% offered this with a 7% average discount), the Insure.com survey revealed.

    But there are many more discounts that, though less common, still can produce significant savings if you can get them. “The right discount can knock hundreds of dollars off your car insurance bill,” says Insure.com editorial director Amy Danise. But many discounts aren’t advertised or automatically offered: “Often you just have to ask to start saving some money,” advises certified financial planner Joel Ohman, founder of CarInsuranceComparison.com. Danise says you should call and ask about specific discounts when you are looking for a new policy, and if you already have one, you should ask annually. People should also ask about discounts after a major life event like a divorce or a shortened work commute.

    Here are 11 little-known discounts—and what they can save the average consumer.

    Click to read the 11 little-known discounts

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    Willful Tax Evader Jailed Despite Cloak Of Religious Observance
    Four Reasons To Not Invest In Your 401(k)
    Giving To Charity – Three Questions To Ask Before You Write The Check
    Three ‘Evergreen’ Tips To Reduce Family Financial Stress
    Obama Signs 2014 Tax Extenders: Money In Your Pocket
    Your Last Chance: Seven Tax Saving Steps To Take By End Of Year
    What To Expect On Your First Trip To Cuba
    What You Need To Know About Your Financial Advisor
    Is It A Good Idea For Teens To Open A Roth IRA?
    Depreciation Tax Extenders Big Bonus For Business Owners
    How Much Investment Money Can You Take Out In Retirement
    Retirement: Five Ways To Make The Most Of 2015
    Medicare Myths And Mistakes
    10 Questions To Ask A Financial Advisor
    The Most Important Question To Ask Your Financial Advisor
    Planning Your Long-Term Care Strategy? Five Things Every Woman Should Know
    Retirement: Seven Goals For The End Of The Year
    Generate An Eight Percent Yield Using This Strategy
    The Great Generic Drug Rip-Off
    Obamacare Is Only Human
    How The U.S. Government’s Tiny Statistical Error Is Distorting The True Cost Of College
    Charity Tax Breaks Extended Through 2014 Only
    Treasury Finalizes Rules For New Retirement Savings Account, myRA
    Home-Buying Guide: Seven Signs Of A Neighborhood On The Rise
    U.S. Mortgage Applications Fall In Latest Week
    Dodge The Debt: Finding Income In America Today
    Why 2015 Is The Year For Longevity Annuities
    Fire Up Your Body’s Own ‘Fountain Of Youth’
    Housing Permits Tumble Most Since January, Starts Miss
    20 Really Stupid Things In The U.S. Tax Code
    Read more from Personal Finance...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sources


    close[X]

    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.