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Auto insurance companies offer different rates as well as discounts and reductions. By taking advantage of discounts or premium reductions, or special insurance rates, you can save even more on your auto insurance. Here are some examples.

Auto insurance companies offer different rates as well as discounts and reductions. By taking advantage of discounts or premium reductions, or special insurance rates, you can save even more on your auto insurance. Here are some examples.

a. Low mileage discounts

The distance from your house to your work or school determines your daily exposure to risk. It also determines vehicle use, whether you use it for personal or business use. Your premium is calculated based on the average distance you drive annually or how far you commute from to work or school. Therefore, the shorter the distance you drive, the lesser your premiums will be.

b. Good student discounts

Many insurance companies offer discounts for currently enrolled students with good grades and to those family members studying away from home. It's called "Good Student" discounts for your drivers who maintain a "B" (or 3.0) or above "B" average.

c. Multi-car discounts

You can have a much lower premium if you insure two or more vehicles in one policy.

d. Other policies

Other policies include life insurance policy or homeowner's insurance policy. You can avail of discounts or reduce your premium by insuring both your home and vehicle in one company. As many insurance companies offer discounts for clients with more than one policy.

e. The safe vehicle discount

Many insurance companies offer discounts for anti-theft devices installed on your vehicle, like alarms and anti-lock brakes, as well as various safety devices, such as airbags and factory-installed mechanical seatbelts. Installing these devices can earn you discounts.

f. Age - Being at least 25 years old

Once a driver has turned the age of 25, auto insurance premiums tend to be lowered. This may be because the driver's rates are calculated in a different driver class. Risk assessors have determined that those who are under the age of 25 are more prone to accidents due to immaturity and inexperience at driving. The risk of at-fault accidents decreases when a person turns 25 as he or she is believed to become more responsible.

g. The good driver discount

Most insurance companies offer discounts for drivers who have completed a driver's training course. Drivers who have not had accidents or received tickets in the last 3-5 years are also offered discounts. Avoiding traffic tickets and accidents can greatly increase your premiums. The insurance company could also cancel your insurance policy on your next renewal because of these.

h. Avoiding installment fees

Most insurance companies charge service fees for installment payments. So instead of monthly, you can save on premium if you pay 6 months of your auto insurance premium in advance. Buying a 12-month policy can save you even more.

i. Prior insurance

If you have been continuously insured for the last 6 months or more you can also avail of discounts.

j. Good credit score

A good credit score can lower your rate as insurance companies usually adjust rates by judging your risk.

k. Car pooling and use of public transportation

Some insurance companies offer public transportation, as well as carpooling discounts. Because the more you use public transportation and carpooling, the less you use your car. And it's unlikely for you to have car accident, because you drive less.