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Saving on Car Insurance

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The average car insurance coverage costs around $1047 per year based on a two person household. The price that you might pay can vary depending on your insurer and your location. Car insurance is an expense that you have to learn to budget for - you need to be comfortable with doing some research and contacting insurers in order to ensure that you can save some money in the long run. If you are willing to spend some time doing this, you can save almost hundreds of dollars over the year and thousands of dollars throughout your lifetime. The greatest element here is being able to recognize and discover discounts.

Most of the large insurers will be willing to give you a discount for graduating college or being an alumni of certain colleges. Some insurers are even willing to offer you discounts if you have good grades, such as a B average or above. Other times, you might want to consider trying an employee discount. Some people who work in certain professions have been proven to be better drivers than others, such as teachers, engineers, and scientists.

Major insurance companies will check your three to five year history in terms of traffic violations and accidents. This can be useful if you have had any circumstances that have happened during that period. You may be able to get a better price from a company that is only looking at 3 years. If you had violations when you signed up with the company but they have disappeared from the threshold, you might be eligible for a cheaper rate.

Some companies are willing to give you a discount for living closer to your job or for being someone who doesn’t drive often. This is because you’re less likely to get into a car accident or put other people at risk. If your car has a safety alarm or some type of deterrent system to prevent theft, it is also less likely to be broken into, which often merits a discount. Alternatively, you might be able to find insurance discounts for using options such as automatic seatbelts, airbags, and other types of safety features.

If you were ever in the military, then you should already be getting a discount. You can also get a discount if you are a senior over the age of 55 or if you have an AARP membership. Individuals who have multiple cars on the same policy can often get a fairly decent discount. If you have multiple polices, you may be able to get a discount, although it’s generally better to try to get all of your cars on one policy or at least have all of your cars covered by the same company, if possible. Additionally, some companies may be willing to offer you a discount if you are willing to pay your yearly premium up front instead of paying it on a month to month basis. Ultimately, it depends on your insurer.