What You Need to Know About Auto Insurance Discounts

Discount Secrets

Seeing multiple discounts on your auto insurance policy may seem like great news. While any discount is working to save you money, they may not be saving you as much money as you think. Keep these auto insurance discount secrets in mind to ensure that you know just how much you are saving.

  • “Up to” may mean much less – if you see a discount that is offering an “up to 20 percent discount,” you may end up getting much less than that. While you may be eligible for the discount, you may not be eligible for the entire discount.
  • Discounts may only count for a specific coverage – some discounts will only apply for some coverage options that are part of your auto insurance, not for your entire bill. While you may see a discount advertised for having an anti-theft system installed, it will only provide a discount for the comprehensive portion of your policy, not the whole thing.
  • Some discounts are state mandated – make sure to do your research about discounts that are mandated by the state, because not all insurance companies will offer them to you. For example, in New York, auto insurance companies are required to give you a 10 percent discount on your collision and liability premiums if you pass a DMV approved accident prevention course.
  • Safe driving discounts are not forever – if you get a ticket while you are benefiting from a safe driver discount, your discount will be taken away. Your insurance company can also increase your rates due to your violation, meaning you will face much higher premiums.

For all of your auto insurance needs, contact the insurance professional at Robert J. Los Insurance Agency in Hamburg, New York. We will work with you to make sure that you have the right amount of protection, all at the right price.