With the cost of auto insurance increasing every year, you probably feel like you have no choice. You have to have auto insurance coverage o drive in Delaware, but there are some discounts that are available through your insurance company. Not all companies offer these discounts but the best thing to do is ask your agent.
Multi Car Discount
If you insure more than one vehicle on your policy, you may be eligible for a multi car discount. By sharing at least two vehicles among residents of your household you could cut the premiums you pay for bodily injury, property damage, medical payments, comprehensive and collision.
Combine your Insurance
Some companies will give you a discount if you have your car insurance, life insurance, homeowners or renters insurance and sometimes even health insurance with their company.
If you have had no chargeable accidents in the past three years, you could qualify for a safe drivers discount. Some companies will even increase the discount if you continue being a safe driver without accidents up to six years and even more for ten years.
Smart Student Discount
If you maintain a “B” average or rank in the top 20 percent of your class, you may be able to save some money on your insurance with a smart student discount. The discount only applies if you are under the age of 25 and unmarried.
Seat Belts Discount
If your car has automatic seat belts in the front drivers and passenger seats, you might save some money on your medical payments coverage.
Air Bag Discount
You get credit here if you have a driver’s side airbag. You will save even more if you have a passenger side airbag as well.
Elderly or Retired Driver Discount
Some companies give a discount to drivers that are over the age of 50 but some only offer it to drivers that age that are retired. From 50 to 59 you could receive even higher discounts but once you turn 60, the discounts decrease.
Anti-Lock, Anti-Theft Discounts
If your car is equipped with factory installed anti-lock brakes on all four wheels you may be eligible for some saving on you liability and collision coverage. If you have an alarm system on your vehicle or a device that prevents your car from starting, you cold cut some costs on your comprehensive coverage.
You can save on your collision coverage if your car has a daytime running light system.
Pay in Full
Finally, you can save money in the long run if you pay your entire policy in full when you sign up or during renewal. Besides saving on the fees they charge for installment payments, some companies even through in a discount for paying up front.