Car Insurance Bonuses

The car insurance market is incredibly competitive. This means that numerous car insurance providers are offering absolutely fantastic deals on car insurance. A great deal of them are also offering fantastic extras included in their standard policies as a way of attracting new customers. This is understandable as generally once you are with a provider you will often stick with them for life. None-the-less, if you are smart you can use these incentives to your advantage.

Forgiveness

Many insurance providers will try to pull you in with the term ‘forgiveness’. This means that you will not see your policy premium be affected if you are involved in an accident that is your fault. Some policies also enable you to receive a set number of traffic tickets every few years without affecting your premium. Remember however that the policy cost will generally be higher in order to counter the amount of people that are involved in at-fault accidents where the insurance company will have to pay out. Thus, on this point the best solution is to go with the cheapest car insurance you can find and always drive as defensively as possible so that you never get a moving violation ticket or find yourself at fault in an accident. Of course, if you manage to find an equally low premium for a policy that includes a ‘forgiveness’ clause, this would certainly be an option worth considering as a ticket or at fault car accident without a ‘forgiveness’ clause can increase your insurance rates substantially.

Deductibles

There are numerous policies that relate to your deductible. This can come in one of two forms. The first is having your deductible reduced for every year of safe driving. Many companies will reduce your deductible by $100 a year up to a limit of $500.This will of course benefit you in the long run as long as you don’t claim on your policy. The other type of perk related to the deductible is when you will not have to pay an excess when your car is totalled in a crash, although whether this can be seen as a major benefit is up to you, after all with the high technology in cars today very few accidents result in a total write off.

Safe Driving

One of the best bonuses you can get with your insurance is the reward of safe driving. Nearly all insurance policies will incorporate this in some form or another due to is popularity. A company may reduce your premiums at the end of the year, or they may give you a cash-back check throughout various times of your policy as a reward for staying safe on the roads. It’s probably the best way to get cheap auto insurance. Of course this benefit comes from them not having to spend money to pay out on your insurance policy.

Loyalty

Many companies will also offer a loyalty bonus for sticking with them on their policy. These benefits rise through the years and can range from anything from an at-fault forgiveness scheme or a discount on your car insurance policy. It is worth checking what sort of offer your insurer has in place before you go searching elsewhere for car insurance.

Don’t forget to remember not to be sucked in by these bonuses. Bear them in mind when looking at car insurance deals. Only let them be the final swaying point however if there is an equally comparable car insurance policy out there which doesn’t have all the ‘bells and whistles’ of this policy. There are some fantastic deals out there to be had, and of course the addition of these extras can drive the prices up a lot as they need to be paid for somehow.

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