NEWS BRIEF
Pinching Insurance Pennies Can Help Consumers Tighten Their Belts in Bad Economy
July 31, 2008 — It’s estimated that most consumers could save more than 20% on insurance if they took simple steps such as raising deductibles, comparison shopping and taking advantage of discounts. More...
Anti-Theft Security Discounts
If I take anti-theft measures, can I get a discount on my auto insurance?
Discounts will vary by company and state.
Generally, insurers favor passive devices, such as ignition cutoffs, some types of alarms, and electronic auto recovery systems which are automatically activated when the car is locked and don’t depend on the driver to remember to turn them on.
Some companies offer up to a 30% discount for these more sophisticated devices. Twelve states (Florida, Illinois, Kentucky, Louisiana, Massachusetts, Minnesota, New Mexico, New York, Pennsylvania, Rhode Island, Texas and Washington) require insurers to give car owners discounts on their comprehensive insurance for anti-theft devices. The amount of discount varies, but is typically 15-20 percent for passive devices, which are automatically activated when the vehicle is locked.
How Medical Bills are Paid After an Auto Accident
When you buy auto insurance you need to think about what actually happens when you're in an accident and need to use it...
Updated:
February 28, 2007 1:52 PM
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