Personal insurance providers that specialize in car insurance often provide discounts to individuals that meet certain criteria. Insurance companies have established that drivers that possess certain traits and characteristics tend to have far fewer accidents and file for fewer claims.

As a reward for those traits and characteristics, they offer discounts. To determine the cost of your coverage, they take a base rate add it to surcharges, then they take away any discounts.

The final amount is your premium. In this guide, you will be introduced to the most popular discounts that personal insurance providers may provide on your car insurance. To get the best premium, continue reading.

The Multi-Policy Discount

If your personal insurance provider offers home/condo insurance and other types of policies, you may be able to get a discount by combining multiple policies with them. On average, this could save you up to 13% on your vehicle insurance.

The Home Ownership Discount

Do you own your home? If so, you may be able to obtain a discount on your car insurance policy. This usually averages anywhere between 1% and 5% total savings. While it may not seem like a lot, over time, these savings really add up!

The Safe Driver Discount

If you have had no accidents, no type of violation, and no comprehensive claims in your household for three or more years, most personal insurance providers will give you anywhere from a 10% to a 23% discount on your car insurance. This is their way of rewarding you for your excellent driving skills.

The Hybrid/Electric Discount

If you purchase a hybrid/electric vehicle, you may be rewarded with a special discount from your insurance company. This is because this type of vehicle is considered to be environmentally-friendly.

Upon purchasing, simply call your insurance provider and inquire about these types of discounts.

The New Car Discount

If you purchase a vehicle that is less than three years of age, many insurance providers will give you a discount of up to 10%.

There are many companies that will only provide discounts for brand new cars, but there are agencies that will consider a car of a certain age to be “new” in order to qualify for this coverage.

The Good Student Discount

If you are a policy holder that has a driver in high school or in college on your policy and that individual maintains at least a “B” average, you may qualify for a discount for good grades.

The Driver Training Discount

If there is a driver on your policy that has completed Driver’s Education and/or a Defensive Driving Course, you may be entitled to a driver training discount. The amount varies per personal insurance company.

The Continuous Coverage Discount

Many insurance providers will allow a discount up to 15% for those that have had no insurance gaps for a specified amount of time.

Contact Us Today

If you are in search of personal insurance New York discounts, you may contact us here at Modica Insurance today. You will likely be very pleased at the discounted premium that we will provide to you. Call us at: 718-855-1836