If you’re reading this post, you are already doing more to save on your auto insurance than most people. Auto insurance discounts are available under a variety of conditions, ranging from life, vehicle, history and more. The amount you can save varies greatly, but one thing is for sure – you should contact us for an auto insurance quote and see what you might be able to save! Today, we’re sharing a full list of the most common auto insurance discounts. Why? Because at isure, we care about our customers! Read the full list below, and then get a quote from us ASAP. You’ll be glad you did.
A Complete List of Auto Insurance Discounts
Being Collision Free – If you’ve been an excellent driver and have no accidents on record, you may qualify for a collision free discount. If you have been in an accident, with a clean record (for roughly 6 years) you’ll likely get a major discount.
Students – While your age plays a major part in your insurance rates, being a student can be beneficial. In some cases, if you can show off the fact that you’re a great student (high grades), you may be able to save on your auto insurance. Additionally, if you’re a student living away from home there’s possible discounts available to you too.
Married – Your marital status has an impact on your insurance rate. Being married generally results in a little bit of savings versus being single.
Make/Model – If you’re driving a car that has high marks for safety, you’re going to be saving on your auto insurance. In fact, the savings can be massive.
Private Parking – In major cities, if you have a safe place to park your car, you could save a little bit on your insurance. If you park your car on the road, then it’s unlikely you’ll be able to acquire this discount.
Your Age – Naturally, your age plays a major factor on what your insurance costs may be. A 17-year-old will pay more than a 35-year-old. One particular age that is generally discussed as a difference maker is 25. Before that age, you’ll pay more than after.
Conviction Free – Demerit points can be a major factor when it comes to your insurance rate. Having none works in your favour as well. If you are conviction free there could be a very large discount available to you.
Savings Come in a Variety of Ways
What Repairs Generally Cost – If your car is easy and inexpensive to repair, you may be able to get a discount on your car insurance. Exotic and premium cars often require specialized skills and parts, making their repairs expensive. As such, discounts are more on more common cars compared to those cars.
Driving School – If you want an immediate discount on car insurance and you’re a relatively new driver, taking drivers education is advised. Having passed a driving school shows you have been vetted by a professional. The impact on your insurance rate can be large. Learn more about driving schools and their benefits in this article .
Retirees – If you’ve recently left the workforce, you may qualify for a discount. The simple fact you may not need to drive to work daily can be a huge discount alone.
CAA Membership – Having a membership with CAA often will often earn you an insurance discount. Make sure to keep your membership up to date and active, otherwise you may lose that deal.
Seasonal Tires – Having winter tires on your car can result in savings on your insurance. Not only do the tires help you stick to the road during cold months, they result in much fewer winter accidents.
Where You Live – If you live in Ontario, you likely pay some of the highest interest rates compared to other provinces. It extends as narrowly as the city you live in. For example, Brampton costs more than other cities. As such, smaller towns will result in insurance savings.
Hybrid Cars – If you’re driving a hybrid or an electric car, you are likely able to find an insurance discount for doing so. The green impact, along with not having any/much combustible fuel in your vehicle are directly related to your insurance premium.
Other Ways to Save on auto Insurance
Alarms – If your car has an alarm system and anti-theft technology, you may be able to get a discount. It’s important that the system is active and functioning.
Loyalty – Being with your insurance provider for at least three years, can deliver a slight discount. In some cases, larger discounts can come with each additional year you remain loyal.
Close to Work – If you live close to work, you may find a discount is available. Most accidents occur between home and work, so if you’re driving less that works to your favour.
Higher Deductibles – Naturally, if you’re willing to take a higher deductible, you’re going to pay a lower insurance rate. The trade off is that you’ll need to pay more when you need it most, but if you’re a great driver it could pay off.
Multiple Cars on One Policy – One of the biggest discounts you can get on car insurance is when you have multiples cars with the same insurance provider. That discount can be even larger if you have more cars than drivers in a household.
Multiple Policies – Much like having multiple cars, having other policies will result in a discount. So, while you’re getting a quote consider getting one for your auto and business as well.
Telematics – One of the latest innovations is usage-based insurance aka telematics. The system tracks how you drive and rewards you with discounts based upon your quality of driving. Learn more about telematics insurance in here.
If you have any insurance questions, don’t hesitate to get in touch with us at 1-877-514-7873 ! As always, we’ll also happily provide you with a quote on your car insurance – and save you a few bucks in the process!