Categories

Auto

Tools

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




    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.

    Is College Worth It? Here’s The Fed’s Answer In One Chart
    Obamacare Is Ending, And Other Nonsense
    Obamacare Has A Scary Day In Court
    The World’s Best, And Worst, Housing Markets
    Senate Literary Critics Don’t Like Fictional Derivatives
    Possible Epidemic? The Chikungunya Virus Is Starting To Spread In America
    Error: You Have No Payments From Pharma
    Smart Money Buys Brand X
    Obamacare Isn’t What’s Slowing Costs
    Estimating Retirement Medical Expenses
    Parents Spend Over $8 Billion On Back-to-school Gadgets
    Housing Starts Sink To Slowest Pace In 9 Months
    Use A Roth Conversion To Achieve Lower Tax Bills
    Millennials Save For Retirement Earlier Than Baby Boomers, Survey Finds
    Part-Time Workers Deserve The Shift, Not The Shaft
    It’s Hard To Put The Scale Of London’s Property Boom Into Words, So Here Are Some Charts
    Euthanasia Should Be Legally Painless
    Why Are Obstetricians Among The Top Billers For Group Psychotherapy In Illinois?
    HHS Wasted $62 Billion On Fraudulent And Improper Payouts In 2013
    Fanny Pack Mix-Up Unravels Massive Medicare Fraud Scheme
    Success Kills Another Obamacare Myth
    Planning For Digital Assets
    Why Obamacare Is Pushing Up Health Insurance Premiums
    Best Practices For Investing In A Down Market
    How I Graduated College Without Student Loans — And $10,000 To Spare
    5 Reasons You’re Not Financially Independent
    Why You Should Update Your Estate Plan
    How To Get Employees To Save For Retirement
    Why Freelancers Need A Code Of Ethics
    On Being A Good Small Business Boss
    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.