Insurance Discounts

Discounts are a very important part of getting the best possible price for your coverage.  Different companies offer different types and different amounts of discounts.  Some of the most common discounts are:

• Safe Driver or Clean Driver - 5% to 20%.  The usual requirement is ticket free and licensed for 3 years.  A few companies will overlook 1 minor violation and still give you the discount.

• Multi Vehicle - 10% to 25%.  The only requirement is more than one vehicle on the policy.  Because of the huge discount, sometimes a policy with 2 vehicles actually costs less than a policy with one...

• Transfer Discount - 5% to 18%.  The usual requirement is to show you as a driver on a previous 6 month policy that hasn't lapsed.  Some companies will allow a lapse in coverage up to a week and others will even go up to 30 days.  You may receive more of a discount for a year's worth of previous coverage.

• Paid in Full - 5% to 20%.  Simply pay the policy in full.  In addition to this discount, you will save monthly installment fees.  This can be considerable.  Unfortunately, only a few companies offer this.

• Renewal Discount - 3% to 18%.  The requirement is to renew your policy on time.  Some companies offer the discount every six months up to a maximum amount.  Others offer the discount every year.

• Credit Score - 5% to 50%.  A great credit score will make you eligible for a better rate with many companies.  Credit has been considered on of the most valuable pieces of information to determine the likelihood of a loss.  If your score is good, your rate is good.

• EFT - 2% to 10%.  If you allow the company to automatically sweep your bank account (Electronic Funds Transfer) for the monthly payment, you can sometimes receive a small discount.  Other companies may not offer the discount but will require a smaller down payment or waive the monthly billing fees.

• Homeowners - 5% to 10%.  If you own a home, most companies will offer a discount.  The only requirement is the home must be in your name.  There are additional discounts if you put your home policy together with your auto policy.

• Combined Policy - 5% to 15%.  Some companies will discount your auto if they have the home or vice versa.  It is definitely worth the time to compare rates because you can save on both policies!

• Birthdays - You don't get a discount on your birthday but you may be placed into a cheaper category.  Your rate won't go down every year but it will when you move into a different category.  Most breaking points are at the ages of: 19, 21, 25 & 30.

At AALL Insurance Group, our goal is to be familiar with and apply every discount that is available to our clients policies.  We recognize that cost is a major factor in choosing the right policy and only the right Agent will provide the service you expect.

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