Everyone is on the lookout for auto insurance discounts, but strangely, many are missing out on two discount types that could net them serious savings. Why? They don’t know they exist.
Members of clubs or credit unions may get offers of exclusive insurance discounts by virtue of their memberships. For example, AARP has affiliations with many large insurers, and automobile clubs regularly offer discounts to members through a number of insurers. These programs are called affinity discounts, and more than 50 percent of large insurers offer them. Savings usually average between 3 percent and 7 percent, but some can save you up to 20 percent on premiums.
If you’re not a credit union or auto club member, you could get a discount through other affiliations. For example, discounts may be available to union members, employees of certain companies, members of professional organizations, and alumni association members.
If you hold a degree in a certain field, it could mean a discount, and individuals in certain occupations may also qualify. The most common occupations include first responders, teachers, nurses and other healthcare professionals, and accountants.
Discounts vary according to insurers. Often these discounts can be less than stellar, but at the same time, if you do qualify, it could add up to savings. Discuss affinity discounts with your agent; he or she will be able to help you decide if one can be applied to your existing policy, or if the policy you have already includes discounts of other types.