Auto and homeowners insurance can be expensive, but insurers offer a number of ways for customers to save money. You may qualify for one or more discounts that can take a significant percentage off your bill.

Bundling Discounts

If you own or rent a home and you also own or lease a vehicle, you may be able to save a lot of money by bundling your policies. That just means that you can purchase two or more insurance policies through the same company, rather than getting each through a different carrier. If you shop around and compare rates, you may find that purchasing two types of insurance through a single company will cost you much less than buying policies through two different insurers.

Safety-Related Discounts

Your insurance company may lower your rates if you take measures to keep your home and/or vehicle safe. For example, your homeowners insurance premiums may be reduced if you have a security system. Your auto insurance company may take a percentage off your premiums if your car has an anti-theft system or features that can help authorities recover your vehicle if it gets stolen, such as VIN etching, a GPS-based system, and a stolen vehicle recovery system.

Payment Discounts

Some insurance carriers will take a percentage off your premiums if you pay your bill all at once, rather than in monthly installments. Insurers may also offer discounts if you sign up for electronic statements and autopay. 

Discounts for Good Behavior

An insurer may reward you and other members of your family for positive actions that you take. For instance, you may score a reduction in your auto insurance premiums if you go a period of time without getting into an accident or getting a ticket. You may also get a lower rate if a child who is covered by the policy gets good grades.

Professional Discounts

Some insurance companies offer discounts to people who work in specific fields, such as teachers and current and former members of the military. You may also qualify for lower premiums based on the college you attended or a professional organization you belong to.

Find Affordable Insurance Coverage

Insurance companies offer many types of discounts to make coverage more affordable. The discounts available and the amounts you can save will vary from one insurer to another. This is why it’s important to seek quotes from several companies and to inquire about any discounts you may qualify for. 

Petruzelo Insurance can help you easily compare rates from multiple insurers. We can get you quotes for auto, homeowners, and other types of insurance and make sure you get the coverage you need at a price you can afford. Contact us today to learn more.