Insurance Discount Options
The discounts you may encounter on any insurance policy varies from company to company. For example, some auto carriers offer a discount if your teen driver has a 3.0 grade average. Some carriers could care less what grade your child has. Ultimately, the bottom line is the premium being offered. If one carrier does not offer a good student discount but is less in premium than the one offering the discount, it still is a matter of finding the best price with a good company.
However, you cannot assume you are receiving every discount available. When discussing your new quote with an agent or reviewing your old policy with your existing agent, always assume they have no discounts on your insurance. Ask questions. Probe. Inquire into whether you are getting all the discounts you may qualify for.
In Scottsdale, Arizona, for example, new homes are supposed to be built with sprinklers installed. That is a rare requirement for most American cities. But it sure bodes the question – does your insurance carrier offer a discount for it?
Some homeowner insurance companies offer a discount if your home was built by a certain builder. It’s not a common discount, but good to know that it exists for some.
The biggest discount on auto insurance is usually the multi-car discount and the auto/home discount. It is not often that an agent fails or forgets to add those discounts. And most insureds know to look for the obvious discounts.
Scan your new insurance declarations at every renewal. It only takes a minute. Does it have the multi-policy discount, multi-car discount, good driver discount, good student discount, safe driver discount, new home discount, central alarm discount (home), accident free discount, car alarm discount.
It is likely that we have not listed all the discounts available. Talk with your agent and ask questions. He or she should not mind. Your agent wants to see you get the best rate you can qualify for.
Gary D Brown
Choice Insurance of Arizona