Many insurers also offer programs that reward good driving behavior, such as a smartphone-based monitoring app. These are called driver-monitoring programs and they can lead to savings of up to 15 percent, according to CR research.
Taking a defensive driving course or other safety-related courses can also save you money on your car insurance. It's important to note that these discounts can vary by insurer and may not be available in all states. However, the key to savings isn't so much the number of discounts you qualify for but the final cost of your policy.
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And if you're offered a discount that requires you to take an action, such as downloading an app, be sure to follow through and do it.
Bundle Policies
Many insurance providers offer a discount on annual premiums when you buy more than one policy from them. The discount can be substantial, sometimes amounting to hundreds of dollars. Generally, you'll save the most by bundling home and auto insurance policies together. However, bundling isn't a one-size-fits-all solution. "If you have a bad driving record, it's not necessarily in your best interest to bundle your auto and home insurance with the same company," Heller says. Instead, look for an insurer with a good reputation for customer service and low rates. Then compare quotes from multiple companies and evaluate the coverage each insurer offers.
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In addition to a potential discount, insurance bundling can be simpler and less confusing. With a single company managing all your insurance, you'll have just one login to access online information and to manage your policy, and you'll have just one company to contact if you have questions or need to make changes. Generally, insurers will state the dollar amount of any bundling discounts in their policies and on their billing statements.
You can typically bundle most types of insurance that an insurer sells, such as home, auto, renters, life and pet insurance. Some insurers even offer a variety of options to customize your bundle, including coverage levels and deductibles.
