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.

    8 Myths About The Rich And What We Can Learn From Them
    How To Cut $1000 Out Of Your Comcast And AT&T Bills
    Why Couples Shouldn’t Merge All Their Finances
    Is The U.S. Ebola Strategy A Tragic Mistake?
    Single-Family Housing Pemits Drop To Lowest Since May, Starts Rebound Due To Rental Unit Increase
    Researchers Expect Over 20 US Ebola Cases In Weeks, ‘You Don’t Want To Know Worst Case’
    Europe, Deflation And You
    Average Rate On 30-year Home Loan 3.97%
    Making Your Most Important Decision
    Linda Rottenberg’s Tips For ‘Crazy’ Entrepreneurs
    Start Now: A Step By Step, Tough Love Guide To Saving For Retirement In Your 20s
    Nearing Retirement? Time To Tackle Your Debt
    Ebola In Context: Liberia Needs 80,000 Body Bags & 1 Million HazMat Suits
    2nd Ebola Patient’s Akron, Ohio Family Home Cordoned Off
    U.S. Foreclosure Activity Falls To Eight-year Low
    Stocks Seem Scary But Experts Say Sit Tight
    America’s Poorest Cities
    How To Halt Elder Financial Abuse
    Roth Road To Riches
    Will Your Favorite Tax Break Be Restored?
    Think Rich: 6 Money Mistakes Millionaires Don’t Make
    Dallas Health Officials Give Press Conference On Second Ebola Patient: Live Webcast
    Second Texas Healthcare Worker Tests Positive For Ebola
    European Agency Doubts Value Of Ebola Screening
    Ireland To End Tax Lures That Drew U.S. Firms
    6 Ways To Profit From The Sell-off
    Where To Start With Your Health?
    Mortgage Application Pipeline At America’s Largest Mortgage Lender Drops To Lowest Since Lehman
    CIDRAP: ‘We Believe There Is Scientific Evidence Ebola Has The Potential To Be Airborne’
    What Military Families Need To Know About High-Cost Lenders
    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.