June 28, 2011 in Pennsylvania Car Insurance
If you are a resident of Pennsylvania, you are legally required to carry Pennsylvania car insurance to operate your vehicle on public roadways. Just because you are required to carry auto insurance does not mean you have to pay an arm and a leg on your premiums. Auto insurers offer a variety of discounts to drivers who qualify. If you are living on a limited budget and you want to lower your insurance premiums without lowering your liability coverage limits review the discounts and rating factors below and pay less without leaving yourself vulnerable to uncovered claims.
Multiple Vehicle Discount
If you more than one private passenger vehicle you will qualify for a multiple vehicle discount if you insurance two vehicles with the same company. Multi-vehicle discounts are applied to each vehicle on the policy. If you live with a family member or jointly own a vehicle with an unrelated household member, you are eligible for the discount. Combining your policies can save you as much as 30 percent a year.
Multiple Policy Discount
Insurers offer incentives to policyholders who carry two different lines of insurance with their company. If you have an auto policy with one company and property insurance with another, consider the benefits of combining your insurance with the same carrier for savings. You will receive a discount on your auto policy and your property policy. Obtain a quote for another line of insurance and add up the savings to see how much you can lower your premiums short-term and long-term.
Auto providers in Pennsylvania rate drivers and vehicles based on how much risk they pose to the company. If you install an anti-theft device in your vehicle, you are taking preventative measures to reduce risk. Anti-theft discounts are applied to your Comprehensive coverage. Most insurers offer two different discounts: active and passive. A passive alarm will make a sound when it senses danger. An active alarm will lock the ignition making it inoperative.
Driver Training Discounts
If you have a driver under the age of 21 on your policy, take advantage of driver’s training discounts. When a youthful operator completes a driver education course and provides proof of completion to their insurance agent, they will qualify for a discount for up to three years in length. Contact your agent to discuss acceptable driver training courses.
Good Student Discount
Another great discount for youthful operators is the Good Student Discount. Encourage your student to do well in school for an attractive discount of as much as 40 percent. Students must be enrolled in high school or college full-time. While the grade requirements vary by company, must companies require a B average or a 3.0 GPA.
Most policyholders in Pennsylvania choose to lower their liability coverage and eliminate optional coverages off of their policy to save money. If you want to lower your premiums without leaving yourself vulnerable, consider taking advantage of the discounts above. When you take the time out to review your Pennsylvania car insurance you can save money and still have peace of mind.