Car insurance can be expensive, and the last thing consumers need in a depressed economy is to throw hard earned dollars down the drain. You can insure for less by knowing about auto insurance discounts that may be available from your insurance company.

Multiple Vehicle Discounts

If you own more than one car, truck, SUV or minivan, you can receive a discount on all vehicles on your policy by insuring them with the same company. Even if one of your vehicles is older and you carry liability-only coverage, the cost of insuring that vehicle may be more than offset by a multi-car discount.

Multi-line or Multi-policy Discounts

Insurance companies want all your insurance coverage, both for increased revenues and also for proper risk protection, and they will give you a discount on your insurance for insuring your cars, home and recreational vehicles with them. The savings can be substantial, so if you currently have your insurance coverage with multiple companies, it may pay to quote your coverage with the same carrier. Read the rest of this entry

If you’re looking for GEICO discounts and lower car insurance rates, did you know that GEICO offers discounts on car insurance rates if you belong to a particular organization?  It’s true!

You may belong to an organization that could get you a discount on your GEICO auto insurance. Here’s a summary of the types of organizations that may earn you lower auto insurance rates: Read the rest of this entry

These are trying economic times and simply turning on the television can put you in a state of depression. You may be a casualty of a layoff at work, a downsizing or a flat out firing and you still have to pay that stack of bills that are piling up on your counter. The temptation to cut your car insurance coverage to save money may end up costing you more in the end than it saves you today.

You may be tempted to raise your auto insurance deductibles to save a few hundred dollars on your car insurance, but is this really a good idea? Let’s take a look at the benefits of both scenarios. Read the rest of this entry

Progressive Insurance has some changes coming to their car insurance policies that may lower your car insurance bill. Drivers will now be rated by averaging the driver risk across all the vehicles on your policy rather than on a specific vehicle. The changes include:

• Household Averaging Driver Assignment – This change means drivers are averaged across your vehicles instead of rating a specific driver on a specific vehicle. Occassional driver status will be taken into consideration when factoring these rates.
• Occasional Operators – Drivers age 25 or less who drive your vehicles less than 50 percent of the time will get a lower rate as long as they are not rated as a principal operator on any vehicle on your car insurance policy.
• Minor Child Discount – Drivers on your policy for at least 12 months who are 19 years or younger and children of the named insured will receive this discount.
• Distant Student Discount – Students who live at a school more than 100 miles from home and do not have regular access to your insured vehicles will get this discount.

Read the rest of this entry