Most Usual Discounts For Low Risk Drivers
Check out the most usual discounts for low risk drivers. Also, visit our website and get insurance quotes online auto. Here is the list:
- No claims discount. You are considered a low risk driver when the insurance company has to gain money from insuring you, not losing money. This is not necessarily a bad thing for the driver. If an accident happens, the insurance company will pay the colossal sum of money they have agreed upon, even if you have not paid even close to that coverage. If you have paid $10.000 for a $100.000 coverage, when an accident happens, the insurer will have to keep his words. This is why being a no-claim customer helps on the long term. After 3 or 5 years, you can access this discount.
- Low mileage discount. Driving less than the average number of miles per year means that you are less exposed to traffic incidents and you are a lesser risk for the company to lose money. Again, this will reward you with a discount. In order to verify that you are honest, most companies will require technical documentation and will even ask the driver to install devices that will monitor the mileage.
- Pay as you drive discounts. Usage based insurance programs are a novelty that is quickly spreading. With these programs, you will be able to save a lot of money if you are a low risk driver. The insurance company will require to use telematics devices that monitor not only the mileage, but also other driving habits like speed, braking, where you park, when you drive, where you drive and so on. After sufficient info is sent to the company, they will analyze it and make a risk profile. If the data you’ve sent suggests a good driving behavior, desired by the company, then you will be able to negotiate and ask for cheaper prices.
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