Auto insurance

Ways to reduce car insurance costs

To reduce car insurance costs, consider buying it from the same company that provides your home insurance. The more policies you buy, the greater the discount you may be entitled to. Other possible discounts:

* For your young people. If you have children who drive, they can benefit from discounts if they have successfully completed a driving course. Many companies offer discounts if a student also has good grades, or simply if a student attends a school away from home and is unlikely to drive your car very often.

* For you and your spouse. Discounts may be available if you are over 50 (and less likely to have an accident) or if you drive relatively few miles (say, less than 7,500) per year.

Additionally, good driver discounts may be available if no driver in your household has more than two violation points on your driving record. This type of discount may not be available if you have had a drink-driving incident or serious accident within the past seven years.

* For your accessories. You may qualify for “safety features” discounts if your car is equipped with features such as dual airbags, automatic seat belts and anti-lock brakes. Similarly, discounts may apply for anti-theft devices, including alarms as well as active or passive disabling devices.

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