Car insurance is mandatory in most parts of the USA. Coverage costs drivers billions of dollars a year – and is a very competitive market. The competition in the market means that insurance companies offer deals and discounts to win business. Coverage can be very expensive but, depending on the liability you need to plan for, there are plenty of ways to reduce the price of your insurance premiums.

Whenever it comes time to renew a policy, look for a deal. There are plenty of ways to get a discount on car insurance. Some of the deals are available regardless of which company you buy from, while others may be more specific. These are the main discounts it is worth looking out for:

Car Insurance Discounts

Safe Driver Discounts: Having an unblemished driving record is the surest way to getting a cheaper car insurance policy. If you have claims for damage, accidents or any driving tickets you will find it harder to get a lower premium. Each insurance company with have their own discount scheme, with their own specific criteria, to work out whether you are eligible for their discounts.

Safety Feature Discounts: When you have safety features for you car it can lower the risk that you get involved in an accident. You are encouraged to add safety features to your car, because insurance companies will give you a discount. Alternatively you can seek out these features when you make your next purchase. The safety features that will help you to get a discount on your car insurance include airbags – front and side, adjustable head restraints, daytime lights, side door beams and ABS style brakes.

Anti-Theft Feature Discounts: You can decrease the risk of you car being stolen by installing certain anti-theft features. If you have a car alarm, an immobilizer, a tracking system and a steering wheel lock then the car insurance companies might offer you a reduced premium.

Student Discount: Almost every car insurance company with a student discount to people who are getting good grades. Statistically students with good grades are less of a risk, and the insurance companies will pass on some of this saving to you. In general there is an age limit of 25 years for eligibility for a student discount.

Improve your credit rating

A good driving record and the correct features on your car will help you make a saving on your car insurance.  However, you can also get a discount if you have a record of paying your bills on time. You might think that your credit levels are unrelated to car insurance but they are actually a good indicator of how much risk you pose to the insurer. If you already have bad credit then you may struggle to get cheaper car insurance.

With these tips you should be able to make a significant saving when it comes time to renew your insurance policy or buy a new car. Ready to purchase your policy? Contact us today and let The Hoffman Agency help offer you the right coverage at the right price.