Diminishing deductibles are one way to save money on your auto insurance. However, if you don’t qualify for it or don’t want to pay extra for it, there are additional ways for good drivers to save money on auto insurance. These include:
• Usage-based insurance (UBI) premium discounts may be offered to drivers who demonstrate safe driving habits through UBI programs. UBI tracks data, including speeding, hard stops, mileage and phone use while driving. It tracks this data using a device installed in your car’s on-board diagnostics II (OBD-II) port, a smartphone app or systems built into your vehicle, such as OnStar or ConnectedDrive.
• Safe driver discounts can provide savings ranging from 10% to 40%, may be offered by your insurer if you keep a clean driving record.
• Good student discounts provide savings for full-time students who maintain good grades.
• Full payment discounts provide insurance savings when your policy’s premium is paid in full.
• Responsible payer discounts help you save when your auto policy premium is paid on time.
• Multivehicle discounts help you save when you have more than one vehicle in your household on the same insurance policy.
• Multipolicy discounts help you save when you buy other types of policies in addition to auto insurance, such as homeowners, renters, condo, boat, motorcycle or RV insurance.
• Defensive driving discounts provide auto insurance savings when you take a defensive driving course.
• Automatic payment discounts provide savings when you set up automatic payments for your bill.