buying5 Memberships That Offer Car Insurance Discounts

21:20  09 january  2019
21:20  09 january  2019 Source:   moneytalksnews.com

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GEICO Car Insurance Discounts List. Discount Name. Potential Savings. GEICO contracts with various membership entities and other organizations, but these entities do not underwrite the offered insurance products.

Use our car insurance discounts guide to ensure you don't overpay for coverage. We have discount info for safe drivers, teen drivers and more. You may find that a car insurance company offering only a few discounts gives you an overall lower price for your policy. How do you make sure you’re

5 Memberships That Offer Car Insurance Discounts© pathdoc / Shutterstock.com CarPiggyBankshutterstock_548614189

Savvy shoppers know that membership in an organization such as AAA or AARP comes with a wider variety of benefits than most of us realize. But even the shrewdest consumers overlook some perks that can save them a bundle.

For example, if you are a member of some nonprofits or clubs, you are probably eligible for price breaks on car insurance that could put a nice dent in your driving expenses.

In fact, a bunch of organizations offer this membership perk. They include:

1. AAA

This nonprofit service organization, formerly known as the American Automobile Association, offers car insurance discounts to members, though the details may vary from one regional AAA club to another.

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How discounts affect your car insurance rates. Where do discounts come in? Insurers observe that drivers with certain characteristics tend to have fewer The table below lists potential car insurance discounts and provides examples of insurance companies that offer each savings opportunity.

Five weird car insurance discounts : There are more ways to save on car insurance than you think. Also, some insurers that offer multiple discounts cap the total percentage you can save, Gusner says. And you should look closely at the coverage itself to make sure it provides what you need.

For example, AAA says members in my area can save up to 7 percent on car insurance by switching to AAA Insurance.

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This nonprofit interest group for folks ages 50 and older offers its members savings through the AARP Auto Insurance Program from The Hartford.

3. Alumni associations

If you belong to an alumni association — or if you have the option to join one — ask either the association or your current car insurance company whether discounts are available to alumni association members.

For example, the benefits of membership in the alumni association of Pennsylvania State University include savings of up to 10 percent on auto insurance with Liberty Mutual.

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The best car insurance companies offer discounts for a variety of reasons from your car ’s safety features and your history of safe driving to military Discounts may apply only to personal injury or collision portions of insurance coverage. Driver history. Have you had a policy for over five years

GEICO provides discounts and affordable rates on car insurance for college and high school students. GEICO contracts with various membership entities and other organizations but these entities do not underwrite the offered insurance products.

Geico also offers savings to members of alumni associations, all of which are listed on Geico’s “Alumni Associations, Colleges, And Universities” webpage.

4. Wholesale clubs

If you belong to a wholesale club, ask about car insurance discounts for members.

Costco, for example, partners with Ameriprise to offer auto insurance discounts. Not all members save money, the fine print states. But among those who do, the average savings is $575 the first year they switch, according to Costco’s website.

Additionally, BJ’s Wholesale Club partners with Geico.

5. All kinds of other organizations

If you belong to something — seemingly anything — there very well may be an insurer out there with a car insurance discount for you.

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Car insurance discounts vary by company and by state. (See our guide to car insurance discounts .) Some insurers offer discounts for particular occupations If your occupation or degree doesn't qualify you for a rate cut, you might get a discount through membership in a professional association

Continuous Insurance Discount . Customers who have no gaps in their coverage are eligible for a discount of up to 15%. To encourage young drivers to sharpen their skills with driver training, we offer a discount of up to 8% for those drivers who have successfully completed an approved driver

The insurance information website EverQuote reports that other types of organizations possibly offering car insurance discounts as membership discounts include:

  • Business groups
  • Military organizations
  • Recreational organizations
  • Fraternities and sororities
  • Honor societies

For more ways to save on auto insurance, check out:

Everything you need to know about switching car insurance policies.
How to switch your auto policy

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