Here’s what I wish EVERYONE knew about car insurance.

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We DO offer discounts for a variety of things, including ABS, safe driver (years without any activity), anti-theft devices, defensive driver course (for older drivers), good students, multiple vehicles, and alumni associations and professional organizations.

However, sales agents have no influence over your rates for a particular coverage. Rates are filed with the state, so don’t try to negotiate them.

#4. Multiline discounts are a no-brainer

Many insurance companies are wise and invest a lot of effort into ensuring you have all your insurance policies with them. There is a GREAT chance that bundling auto, renter’s, home, umbrella, or any other policies will save you a lot of money. This is especially true for renters, as it is extremely cheap to begin with and provides great coverage.

I’ve seen the multiline discount pay for the entire renter’s policy many times, and sometimes it even pays for more than that! I’m not sure how it works, but the customers don’t seem to mind.

#3. Young drivers should get their own policy ASAP

If you’re struggling financially, it’s best to keep younger drivers on your main policy for as long as possible. However, if you can afford it, starting a new policy at a young age is a good idea.

Although it may cost more now, it’s important to build up a good insurance history. This will work to lower rates in the future, and it also separates liability so an accident or ticket for the young driver won’t affect everyone on the policy.

#2. Don’t just go for the minimums unless absolutely necessary

Not only insurance is legally required, but also provides protection in the event of an accident. I can’t tell you how many customers have declined Bodily Injury Liability or Uninsured Motorist coverage because “I don’t plan on getting in an accident.” Yeah, nobody does.