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.

    Investing: Can You Retire On $1 Million?
    New Treasury Guidance Will Encourage Annuities In 401(k) Plans
    Should You Use Retirement Assets For Education Expenses?
    When To Buy The Cheapest Airline Tickets
    New Ebola Screening Is An Epic Failure
    Higher Returns on Safe Money Plus Long-Term Care Benefits
    Social Security Benefits Get Another Tiny Raise
    How Did The Government Waste Your Tax Dollars In 2014? Separating Fact From Fiction
    ‘Market Timing’ For Your IRAs: Grab The Early Premium
    The Obamacare News Just Keeps Getting Worse
    United States Of China: In Which States Is Your Landlord Most Likely To Be Chinese
    ObamaCare: Failure At Any Price
    6 Networking Tips For Retirees
    How Far Some Men Will Go To Get Out Of Dividing Assets In Divorce
    How To Bare Your Finances To Your New Love
    Chicago Hospitals Monitoring 2 Sick Passengers From Liberia, CDC Not Testing For Ebola
    A London School Teacher Pays More UK Tax Than Facebook
    These Are The U.S. Colleges Where Student Loan Defaults Are Skyrocketing
    Avoid 5 Common Gaps In Insurance Coverage
    Existing Home Sales Hit Highest Level In 2014
    Fed Tells Banks To Clean Up Act
    Is It Finally Time To Cut Cable?
    7 Money Conversations You Want To Have With Your Kids
    Hack Holiday Travel And Save Serious Money
    Five Life Insurance Mistakes That Can Haunt You
    How Can I Get Medical Bills In Collections Off My Credit Report?
    I Will Not Submit To Medical Martial Law
    Existing Home Sales Jump To Highest Since Sept 2013. Midwest Tumbles 5.3%
    Top Scientist Warns This Version Of Ebola Looks Like “A Very Different Bug”
    Babies Born Today Get Free $500 Investment
    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.