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Tips to reduce your auto insurance premium.
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Insurance Tip!
How to reduce your auto insurance premium
As an established local agency, our insurance partner, The Arizona Group, offers a full range of personal and commercial insurance services, including auto insurance. Here are some tips from them to keep your auto insurance affordable. These discounts could significantly affect your insurance premium.
- Arizona Federal membership. The Arizona Group represents insurance companies which will discount their standard rates for members of the credit union.
- Auto club and professional organizations. Some insurance companies offer auto insurance discounts if you’re a member of AAA or similar organizations. Also, you should check with your employer to see if there are any group insurance rates through your company.
- Multi-car. Many insurance companies provide generous discounts up to 15 percent if you have multiple cars on your policy. This reduces the insurance company’s administrative costs.
- Long-term customer. More insurance companies are offering discounts of 5 to 10 percent if you stay with them at least 5 years.
- Claims-free customer. If you have been insured with the same insurance company for at least 3 years and have not experienced any losses, inquire about a claims-free customer discount.
- Defensive driving discount. This can save you 10 percent on most of the major coverages under your auto policy, such as liability, medical payments and collision coverage. Defensive driving courses can cost as little as $20, and the discount normally applies for three years.
- Good student discount. Statistics show that good students tend to be more reliable and mature than students with marginal grades, leading to better driving decisions. Therefore, many states allow a 5 to 10 percent discount if your student driver makes good grades, usually an overall “A” or “B” average in high school or college.
- Home/car discount. Many insurers offer discounts of 10 percent or more if they provide both your homeowners and personal automobile insurance. This can lower your costs on both policies.
- Auto safety features. Most insurers recognize that owners with cars containing safety features may have fewer accidents and reduced injuries. Many insurers encourage drivers to purchase cars with antilock brakes by giving small discounts for these safety features. Other insurers give discounts for vehicles with airbags and daytime running lights.
Ready for an auto insurance quote? Give The Arizona Group a call at (480) 892-8755 or click here to be contacted for a quote.
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