Categories

Auto

Tools

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


    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.

    Think The System For Paying U.S. Doctors Is Rigged To Favor Surgeons? New Study May Surprise You
    Environment Plays Bigger Role Than Genetics In The Food Allergic Disease Eosinophilic Esophagitis
    5 Giant Myths Of Retirement Planning
    IRS Issues 401(k) After-Tax Rollover Rules
    Estate Planning 101: How To Divide Your Money
    ETFs Should Be In Your 401(k)
    Tax Refunds Will Be Cut For Obamacare Insured
    How To Save On Healthcare
    5 Ways To Protect Yourself From Data Breaches
    Offshore Drilling: Dividends In Danger?
    Buffett Offers Inspiration To Small-business Owners
    Worried About The Home Depot Breach? 10 Steps To Protect Yourself From Future Attacks
    Getting Your 401(k) Into The Red Zone
    Estate Planning 101: How Much Do You Have To Pass On?
    Pound, Stocks Up As Scotland Stays With U.K.
    How To Find The Right Financial Adviser
    Limits On Tax-Free Lifetime Gifts Projected To Rise For 2015
    Take This Retirement IQ Test To See What You Know
    The Bottom Line On Home Equity Lines
    A New Way Insurers Are Shifting Costs To The Sick
    Rolls-Royce Lands Biggest Order Ever
    Top Retirement Expense: Your Home
    U.S. Mortgage Applications Rise In Latest Week
    America’s 50 Best Cities To Live In
    How To Have The Best Retirement Possible
    Economic Patriotism: U.S. Ranks Near Last In Tax Competitiveness
    The Worst 6 Ways To Choose An Investment Advisor
    7 Common Estate-Planning Blunders Not To Make
    Retirement Health Costs: Planning For The Wild Card
    10 Steps To Get Your Retirement Back On Track
    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.