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.

    Why Individual Investors Do So Poorly In The Market
    6 Behaviors People In Business Loathe
    Managing The Unmanageable: The 6 Most Common Types Of Difficult Employees
    This 8-Year-Old Girl Makes $127,000 A Month Baking Sweets On YouTube
    The Best And Worst Cities For Haircuts, Hotels, IPhones And More
    The New Congressional Minimum Wage Act For Doctors
    For The Next Generation, Sweatpants Will Be What Jeans Were To Us
    New Strategies For Covering Long-term Care Costs
    Planning 2015-2016 With Your 2014 Tax Return
    Obamacare’s Tax Day Mystery
    10 Behaviors Of Smart People
    Sneaky Recurring Contracts: 10 Common Ways Your Business Is Getting Overcharged
    Five Money Rules For A Successful Retirement
    10 Take-Charge Financial Strategies For Your 30s And 40s
    How One Young Woman Retired With $2 Million By 35
    Why You Should Fire Your Broker
    Three Ways To Boost Retirement Savings
    Are You Enjoying This Awful Tax Season?
    Four Things Your Broker Won’t Tell You
    The ‘Pension Squeeze’ Has Arrived, But You Can Escape…
    3 Subtle Ways To Boost Your Communication IQ
    Here’s What Futurist Ray Kurzweil Is Ingesting In His Bid To Live Forever
    Never Underestimate The Business Advantages Of Dressing Well
    How To Protect Your Social Security Benefits From Gov. Christie
    How Do I Pay The ACA Penalty?
    Boomers Retirement Confidence Falls To Five Year Low
    Why Do States Leave Billions In Retiree Income On The Table?
    A Smarter Way To Pay Doctors
    Health Data Breaches Sow Confusion, Frustration
    Avoid Awkward Money Moments With These 10 Tips
    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.