Friday, September 5, 2014

Discount Auto Insurance Savings

Discount Auto Insurance Savings
By Donna Porter

Industry studies reveal that shopping for discount auto insurance on the Internet can save individuals as much as $100 on the premium, in addition to an online discount.According to insurance experts, 25 percent of car owners in the US renew their auto insurance policies without negotiating with their insurance company. The new premium may be as much as 10 percent more. This makes shopping for discount auto insurance online a wise choice for saving money on your insurance premiums.

Discount Auto Insurance Companies

Insurance experts advise checking auto insurance rates twice a year to see if you are getting the best rate possible. The following companies specialize in providing discount auto insurance:
GEICO

Government Employees Insurance Company (GEICO) provides low-cost, high-quality insurance. In business since 1936, GEICO specializes in selling discount auto insurance directly to the consumer. GEICO offers discounts for a variety of consumer groups and affiliations, to include:
    Military
    Good student
    Seniors
    Good Driver
    Professional Groups
    Other Affiliations

For more information, visit their Web site at Geico.com.
Esurance

Esurance Insurance Company, a division of White Mountains Insurance Group, received its charter in 1933. Esurance Insurance Company and Esurance Property and Casualty Insurance Company are rated A (Excellent) from A.M. Best, a worldwide benchmark indicating financial strength and reliability. Esurance offers discounts in various states and is the first insurance company to accept payments through PayPal, an e-commerce provider. Visit their Web site at esurance.com.
Unitrin

Unitrin, with three separate businesses combined, is a leading financial service provider that provides discount auto insurance. To find average savings for your area, you can visit their Web site and simply enter your zip code. Unitrin offers quotes and insurance via their Web site, an agent, or by phone.
Progressive

Progressive Insurance serves as both a leading provider of insurance and as a referral service. Insurance quotes may be obtained via their Web site or by phone. Individuals are required to get a Progressive Direct quote first before obtaining comparison quotes. Rates from well-known insurance include:

    Allstate
    American Standard
    American Family
    Erie
    Liberty
    Nationwide
    State Farm
    Traveler's

Discount Insurance Services

A variety of insurance marketplaces exist that enable consumers to compare multiple discount insurance companies and their rates. Some of the most comprehensive include:
InsWeb.com

InsWeb.com provides consumers with a free, easy, and effective way to perform their insurance shopping needs. They receive several competing quotes from top-rated companies, not limited to the following:

    Allstate
    American Family
    Amica
    GEICO Insurance
    The Hartford
    AARP Auto Insurance Program from The Hartford
    MetLife Auto & Home
    NetQuote
    Travelers Property Casualty
    Unitrin Direct

ComparisonMarket

ComparisonMarket operates the leading independent auto insurance agencies online. Individuals receive free and unbiased real-time quotes. Auto insurance may be purchased online via their Web site. Their insurance company comparisons include:
Insurance Companies Compared AIG     Arrowhead     Electric     Encompass
The Hartford     Liberty Mutual     MetLife     Permanent General
Progressive Drive Insurance     Safeco     Travelers     Esurance
Money Saving Tips

The following money saving features, obtained from GEICO, may help you save on your auto insurance. The discount amounts listed apply to GEICO customers for comparison.
Automobile Features

    Air bags: 25 to 40 percent discount on medical premiums.
    Anti-lock brake system: Five percent discount.
    Anti-theft system: A built in system could earn up to 25 percent off comprehensive coverage.
    Daytime running lights: Three percent discount on certain coverages.

Affiliations and Driver Discounts

    Five-year accident-free good driver: Up to 26 percent discount on most coverages.
    Seat belt use: 15 percent on the medical payments or personal injury protection portion of your premium.
    Military: 15 percent discount on your total insurance premium and up to 25 percent additional benefits to military policyholders who are deployed as a result of a military emergency to Iraq or Afghanistan.
    Good student: Up to a 15 percent discount on certain coverages for policyholders between the ages of 16 and 25, with a B average or better.
    Senior-Level Federal Employee: Up to eight percent discount on premium.
GEICO also offers the following discounts:

    Partnering organization: If you belong to one of the 200 plus groups affiliated with GEICO, you may receive an additional eight percent discount on your total insurance premium.
    Professional Group: California, Arizona and Wisconsin policyholders may qualify for up to a 27 percent discount if a graduate student or a member of one of the professional groups affiliated with GEICO.
    Renewal Discount: GEICO policyholders may be eligible for renewal discounts of up to 30 percent.

For More Information

Carinsurance.com offers many informative articles on discount auto insurance and a place where the public can ask specific questions about insurance related needs.

No comments:

Post a Comment