You may think that your auto insurance bill is set in stone. Not necessarily. The good news? Your savings on coverage may just be getting started. The following four tips could help you get cheaper car insurance:
- Install Safety and Security Devices
- Dig for Discounts
- Combine and Consolidate Policies
- Opt for a Higher Deductible
Install Safety & Security Devices
While safety features like anti-lock brakes and air bags are now required by law in the U.S. for all new cars, be sure your insurer knows if your older car has such safety devices—it could save you some cash. Security devices may also help you cut your bill. GEICO offers a discount of up to 25 percent off the comprehensive portion of premiums to customers who install anti-theft alarm systems.
Dig For Discounts
Check out the variety of discounts you could be eligible for on GEICO’s discounts page. For instance, if you’re a member of one of the alumni, educational, professional and other organizations that work with GEICO, you could be eligible for a member discount. Completing a defensive driving course (or a driver’s education course for teens) could also make you eligible for premium reductions. GEICO is proud to offer discounts to Military members as well as federal employees. Call (800) 861-8380 to speak with an insurance representative about additional discounts you could be eligible for. Or, if you’re looking for a new policy, learn some tips to help you compare car insurance policies and see all of the great discounts you may be eligible for with GEICO.
Watch Organization Discount – GEICO Insurance VIDEO BELOW:
Combine & Consolidate
Many households with more than one vehicle maintain separate insurance policies for each, but they may be missing out on a multi-car discount of up to 25% on most coverages. Move all your vehicles to GEICO and see how much more you could save.
Depending on the state you live in, you could be eligible for a multi-policy/multi-line discount if you buy more than one type of coverage through the same insurer. Pairing auto and homeowners insurance is the most common scenario, but pairing auto insurance with renters, condo, or mobile home insurance could yield similar results. Get a fast, free quote on geico.com to see how much you could save on insurance for your home, too.
Opt For A Higher Deductible
Typically, the higher your deductible (the portion of your claim you pay out of pocket), the lower your insurance premium. Many people avoid having a high deductible because they worry that they wouldn’t be able to cover it if something happened. To put your mind at ease, try opening a separate savings account just for emergencies. Once you’ve saved enough to comfortably pay potential deductible costs, call or go online to geico.com or use GEICO’s award-winning mobile app to adjust your coverage.