You can get a discount on car insurance if you have a vehicle equipped with safety features such as anti-lock brakes, electronic stability control or adaptive headlights. Six of the 10 largest insurance companies offer discounts on security benefits, and the requirements are generally the same among insurers. However, the exact discount amounts may vary by company and state. For example, the discount on State Farm security benefits can help you save up to 40% on your medical payment coverage.
If you receive a car insurance quote based on an incorrect version of your vehicle, your premium amount may change when the insurance company confirms all of the information when underwriting your policy. Many auto insurance quote systems will allow you to enter the vehicle identification number (VIN) and automatically see the exact model of the vehicle you have. You can get a discount on car insurance with passive restraint if you have safety devices in your car, such as airbags or automatic seat belts, which are automatically activated in the event of a collision. You'll save on premiums with most insurance companies if you can show that you've had insurance for the previous six months.
Similarly, insurers offer discounts to drivers who use the same insurance company for other types of insurance, such as homeowners or renters insurance. Most insurers offer customers an initial bonus for changing their coverage from another insurance company. Homeowners are generally offered a discount on car insurance because they are considered to be financially stable. If you are involved in an accident while driving a borrowed car, the car owner's insurance policy will cover the damage or expenses.
Other high-tech safety features that are already available in cars or that will be available soon, such as lane change warnings, automatic emergency braking, backup sensors, lane change warnings and collision prevention assistance, do not yet offer discounts at most auto insurance companies. You can get a good student discount on car insurance if you're a high school or college student with at least a B grade point average. Four of the 10 largest insurance companies offer passive restraint discounts, and the requirements are generally the same among insurers. So, whether you borrow the car from the repair shop, liability insurance will cover damage to the car and even pay for the medical expenses of those affected in the accident.
Car models with the least claims for injuries and accidents typically get the lowest insurance rates, so any system that contributes to a safer car helps.