The new year is a time to find ways to save money. Oasis Insurance explains seven auto insurance discounts that are easy to qualify for in Arizona. If you pay for the full term of your policy in advance, auto insurance companies usually offer a discount. Do you need to insure more than one car? You can get a discount if you live in Florida, Arizona, or Texas.
New State Farm customers receive this discount when they haven't committed traffic violations or accidents because of them for 3 years or more. The lender or landlord can also apply for collision, all-risk and collision insurance if your vehicle is financed. If you lease or finance your car, you may need types of coverage that aren't required under Arizona law. Insurance for drivers with a DUI is expensive because the violation indicates that you are more likely to file a claim than the average driver.
In addition, discounts on vehicles help drivers save if their car has certain security features or anti-theft systems. If you haven't had an accident, car insurance claim, or traffic violation, you may be eligible for a discount. We looked at discount percentages when they were available at 11 of the country's largest auto insurance companies to find typical ranges. Drivers under 25 and over 65 pay more for car coverage because they are statistically more likely to be involved in serious and fatal accidents.
Some Arizona insurance companies charge a little more for premiums from month to month, and they may also charge fees for processing payments. If that happens, you may be able to apply for car insurance in your state, as many states offer programs to link high-risk drivers with partner insurers. If the damage to your vehicle was caused by something other than a collision, such as a natural disaster, acts of vandalism, falling objects or animals, it will most likely be covered by comprehensive insurance. The package (also known as a multi-line discount) is one of the best auto insurance discounts you can get.
For example, drivers who live in dense urban areas tend to pay more for coverage than drivers in rural areas because they are more likely to have an accident. You may immediately qualify for certain discounts, such as the bundle discount and discounts on vehicle safety features. For example, if you haven't had an accident in five years, Geico car insurance has up to 26% potential savings. So, you may have the option of paying in two, three, or four installments these days, instead of the “all at once” or “monthly only” options of yesteryear.