If you drive a car, you probably have to pay for auto insurance. Unless, of course, you are under someone else’s policy. And you probably already know that car insurance rates are rising, just like everything else.
One of the best ways to save some money on auto insurance is to do a yearly review of your coverage, your options, and yes, your discounts. If you are not aware that there may be discounts available to you, you are in the right place.
Let’s talk about auto insurance and the discounts, which are many, that you could be taking advantage of to save money.
Auto Insurance Discounts
The auto insurance industry has offered discounts for a long time. Discounts are a great marketing tool to help companies attract certain drivers in the hope that they will become paying customers. Unlike the 10% sale at the local department store, auto insurance discounts are based on personal factors, such as where you work, what you do for work or what your social groups are.
For instance, if you are part of AAA or AARP you may be able to get a discount on your car insurance. If you work for state or the federal government, you may be able to get a discount. There are discounts for being a safe driver, for insuring more than one car or insuring your house or apartment with the same company as your car.
It can pay to review your insurance company’s available discounts and see if you qualify. You can take more than one at the same time, which can really rack up some good savings.
Education-Specific Auto Insurance Discounts
If you are a high school or college student, there are special discounts available to you. If you get good grades, you or your parents can take a discount. This is known as the Good Student Discount at most car insurance companies.
Increasingly, companies are offering additional discounts for the growing number of people who pursue their education beyond four years of college. Graduate students, medical school students and others may be in school much longer than four years and some insurance companies are offering additional discounts for this group of drivers.
In addition, you may be able to continue to get a discount once you have graduated college. Most companies that offer a post-college discount will require that you have obtained at least a bachelor’s degree (4 years) or higher. A 2-year degree is not yet widely accepted for this type of further education discount.
Whether you are in college or you’ve already graduated it can pay to inquire about education-related discounts for you auto insurance.
To find companies that offer further education discounts just fill out the InsuranceWins form. You’ll get quotes from well-known insurance companies so you can compare rates, apples-to-apples. And don’t forget to check for your further education discount!
