Auto insurance companies offer different rates as well as discounts and reductions. By taking advantage of discounts or premium reductions, or special insurance rates, you can save even more on your auto insurance. Here are some examples.

a. Low mileage discounts

The shorter the distance you drive, the lesser your premiums will be. The average distance you drive annually is the basis for the calculation of your premium. How far you commute from and to work or school, whether for personal or business use, determines your vehicle use and your daily exposure to risks.

b. Good student discounts

Many insurance companies offer “Good Student” discounts for drivers who maintain a “B” (or 3.0) or above “B” average. It is also offered to those family members studying away from home. Auto insurance companies give discounts for currently enrolled students that have good grades.

c. Multi-car discounts

You can reduce your premium by insuring two or more vehicles in one policy.

d. Other policies

By availing of other policies with the same company your premium will be reduced. Life insurance policy or homeowner’s insurance policy are examples of other policies. So if you insure your vehicle and home with the same company you will be entitled to a discount.

e. The safe vehicle discount

Many insurance companies offer discounts for anti-theft devices installed on your vehicle, like alarms and anti-lock brakes, as well as various safety devices, such as airbags and factory-installed mechanical seatbelts. Installing these devices can earn you discounts.

f. Age – Being at least 25 years old

25 years old and above are believed to be more responsible, so the risk of at-fault accident decreases, and auto insurance premiums tend to be lower. Risk assessors have determined that those under 25, due to their immaturity and inexperience in driving, are more prone to accidents. Driver’s rate is calculated in a different driver class.

g. The good driver discount

Your insurance policy can be cancelled by your insurance company on your renewal if you got involved in an accident and/or you’re given traffic tickets. Discounts are given to drivers who have not had accidents and received tickets for 3-5 years. Discounts are also given to those who have completed a driver’s training course.

h. Avoiding installment fees

Sometimes, you can save on the premium by paying 6 months of an auto insurance premium in advance instead of monthly. Buying a 12-month policy can save you even more. This is because most insurance companies charge service fees for installment payments.

i. Prior insurance

Some insurance companies offer discounts to those who have been continuously insured for the last 6 months or more.

j. Good credit score

Usually, insurance companies adjust rates by judging your risk. Meaning, if you have a good credit score your rate can be lowered.

k. Car pooling and use of public transportation

Some insurance companies offer public transportation, as well as carpooling discounts. Because the more you use public transportation and carpooling, the less you use your car. And it’s unlikely for you to have car accident, because you drive less.

Author Fred Gagnon is an expert on providing tips and information on jewelries. He owns a wide collection of beautiful, glamorous and fashionable jewelries. To learn more about jewelries, accessories, precious metals and gemstones, visit Peridot Rings and Princess Cut Engagement Rings.