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It’s legally required for you to have your vehicle insured. However, that doesn’t mean that you should be paying an astronomically high price for car insurance in North Reading. In fact, there’s a good chance that you qualify for multiple discounts with your auto insurance company. Here are just a few of the discounts that many carriers offer and how you can qualify for them. - Good student discount. Whether you’re the student or you have one in your family, getting good grades could pay off. Most insurance companies offer discounts for those who are younger than 25 years of age, attending school, and meeting a certain GPA minimum. In most cases, the student must maintain this GPA in order to continually get the discount. Either way, this is one discount that is beneficial not only for the student, but for you as well.
- Low mileage discount. Many auto insurance companies offer discounts to those drivers who don’t put a lot of miles on their car each year. This is because the less you drive, the lower your chances are of getting into an accident. If you drive less than 15,000 miles a year, you could qualify for a discount from your carrier. Speak with your insurance company to find out if this is a discount that is available to you.
- Bundled discounts. If you have a boat, home, ATVs, or multiple cars, it’s a good idea to have all of your insurance policies with the same agency. This is because many carriers offer discounts when their clients bundle their services. You may also be able to bundle together life insurance, health insurance, or other policies as well.
- Up-front payment. Most insurance companies would rather have you pay for your policy up front instead of doing monthly installments. So, they may just offer you a discount if you decide to take that route. Whether you choose to pay twice a year or for the whole year all at once, doing so could end up saving you quite a bit in the long run.
- Homeowners discount. Many insurance companies offer discounts to those who own their own home. This is because they assume that homeowners pose less of a risk as they tend to act more responsibly. When choosing an insurance company, be sure to ask if there is a discount available to you for owning your own house.
- Accident-free discount. The fewer accidents you have on your record, the better. Your insurance company wants you to remain as incident-free as possible. Thus, many have created a discount to incentivize you to drive safely. In some cases, the longer you go without filing a claim, the bigger your discount is.
Just because car insurance in North Reading is mandatory doesn’t mean it has to cost you an arm and a leg. By speaking your insurance company about these potential discounts, you could save a fortune while still maintaining the coverage that you need to protect yourself, your car, and your family.
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