Get All The Discounts You Can

Insurance companies definitely want your business. In return, you definitely want their discounts. All insurance companies offer a wide range of discounts. Some of the most known discounts are multi-vehicle discounts, safe driver discount, and the best discount, in my opinion, the good student discount. However, there are more discounts that are often times not applied when they could be. Each insurance company does vary when it comes to additional discounts, but for the most part they are all pretty similar. One of the biggest discounts is if you insure more than one thing with the same company. For example, if you have both your auto and home insurance (or renters insurance) or your life insurance and home insurance with them you could qualify for a multi-policy discount. Most companies these days prefer you pay your monthly invoice through some type of EFT (Electronic Fund Transfer) program from your checking account. The advantage to this is typically an EFT discount and not to mention a smaller ‘processing fee’. I have seen people save $250 a year just from changing from a paper invoice to an EFT plan. Let’s remember that your premium is generated according to how much of a risk you are to the insurance company to pay out a claim. So the more safe and secure either your home is or your car is the more discounts you can get. If you have an alarm on your car you may qualify for a safety device discount. Protecting your home is just as important; if you have an alarm installed in your home, whether it is a local alarm or a central alarm, this will generate an additional discount. Put a fire extinguisher in your kitchen and let your agent know. Also, if you live within a gated community, depending on the insurance company, this could generate another discount. Some homes even have fire sprinklers built-in, if this is the case that is definitely another discount.

I guess the point is that there are so many discounts available to consumers that we should always make sure that we are getting everything that we are entitled to. Speak with your agent sometime this week and find out what discounts your insurance company offers that aren’t currently applied to your policy. You don’t want to pay your insurance company more money than they need.