Categories

Auto

Tools

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


    Why You’re Paying Too Much For Car Insurance: Five Ways To Save
    No Joke: Putting Keys In Freezer May Prevent Car Theft
    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.

    Whose Retirement Directions Are You Following?
    How To Avoid Mistakes With Social Security
    Stop Delaying: How To Rebalance Your 401(k)
    One Thing Stopping You From Early Retirement
    What Financial Documents To Keep
    When A Reverse Mortgage Can Make Sense
    A New Type Of Annuity For Life’s Biggest Unknown
    Sloppy Drafting Saves Obamacare — Supreme Court Upholds Tax Subsidies For All
    Steps On The Path To Public/Private Long-Term Care Financing
    Building The Complete Estate Plan
    Lexus Hoverboard: Does It Really Levitate?
    IRS Gave $18M To Firms With Tax Debts
    Curbside Raises $25 Million To Deliver To The Half-lazy Shoppers
    This Surprising Money Habit Is Driving Couples Apart
    Why Laws Can’t Stop Scams And Abuse Of Seniors
    The Shocking Truth Mutual Funds Don’t Want You To Know
    How To Find Your Next Big Business Idea
    12 Things You Can Do Starting Today To Be A Better Leader
    Stop Sugar-Coating Your True Opinion
    Betting On Prevention As Medicare Turns 50
    Those Annoying Fees Charged By America’s Airlines Hit Their Highest Levels On Record
    Three Retirement-crushing Unforeseen Circumstances
    Possible To Save Too Much For Retirement?
    10 Of The Dumbest Social Media Blunders Ever
    Experts Pick Top Three Investment Opportunities
    7 Social Security Mistakes That Can Cost You A Fortune
    Test An Endless Number Of Retirement Projections With This New Tool
    Fraud Still Plagues Medicare Drug Program
    Sold! Investors Eye Pace Of New Home Sales In May
    City With Fastest Growing Rent Not Where You’d Think
    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.