You must carry the required liability insurance to drive in the state of Minnesota. And once you begin to add your own levels of coverage your insurance costs could start to add up. But there are discounts that are available that will help cut some of those costs and help you to save money on your policy.
Insuring More Than One Vehicle
Insuring more than one vehicle will get you the multi car discount. This discount applies as long as you insure all of the vehicles under the same policy and all of the drivers of the vehicles live in the same household.
You can receive a discount simply by having factory installed anti lock brakes, especially for all four wheels. An airbag discount is also attainable if you have factory installed driver’s seat and passenger side air bags. Many companies are even adding side air bags to cut down on the impact when cars are hit from that angle.
Anti Theft Devices
When you add anything that you will protect your vehicle from theft or vandalism it will not only entitle you to a discount, it will help you out in the long run. The addition of anti-theft devices may actually prevent the theft of your vehicle in the first place. And a retrieval system like a LoJack would be vital in locating it if it were stolen.
Hybrids and Alternative Fuels
Hybrids have become more and more popular especially with rising gas costs. If you are driving one of the newer vehicles on the market that uses alternative fuel you will qualify for this fairly new discount. Driving a hybrid or an electric car will save you money on fuel as well as on your insurance policy. Check with your agent to see if they offer this discount.
Combining All of your Insurance Needs
Bundling, or bringing all of your insurance needs to one company will get you a discount as companies vie for your business. Having your car insurance in the same place as your home, health, life or rental insurance just makes it easier for you as well.
Safe Driver’s Discount
Just by keeping your driving record clear of any violations or accidents you could qualify for a safe driver’s discount. To qualify you just have to have kept your license clean for the past three years. Some companies even increase the discount each additional year you make it through without an accident or traffic violations.
Smart Student Discount
Keeping your grades up will make your parents proud and save you some bucks on your car insurance. If you are a high school or college student under the age of 25 and have good grades you could qualify for this discount. The requirements may vary from company to company but in general you must maintain a B average or make the dean’s list or have a grade point average of 3.0 or higher. You just have to be a high school or college student under 25 years of age. You may also be entitled to this discount if you have been home schooled by meeting the proper proof of eligibility.