In Kentucky, and most other states, you are required to have automobile insurance. The law is meant to provide a minimum amount of coverage for protection for people injured or whose property is damaged by another driver or vehicle. Your insurance broker can help you compare different types of policies and it never hurts to know about the many discounts that are available to you. Insurance companies use data to determine the drivers with the lowest claims. They will offer incentives to good drivers and loyal customers. Your premium is based on a variety of factors like where you live, what kind of car you drive, your driving record, and many others. From that data, different rates for different people are presented and some discounts may be available. Discounts are broken down into three main categories, Loyalty, Demographics, and Driving history. The following will give you a bit more info about each of these types of discounts…
Loyalty Discounts
A loyalty discount is exactly what it sounds like. If you’ve been with your insurance company for a pre-determined period of time, you can receive a discount for your loyalty. Depending on your specific insurer, the discount can grow the longer you’ve been a customer. With car insurance, you can expect discounts for things such as bundlings (ie. home and auto insurance), multi-car discounts, prepayment or auto draft discounts, and paperless statement discounts.
Demographic and Affiliation Discounts
What may come as a surprise, is that where you live also has a significant effect on your insurance premium. Your place of residence influences your likelihood of having an accident, as well as how much the mishap might cost. Higher claims translate into higher premiums. Some typical affiliates discounts would be… Military, Senior, Good Student, and Homeowner discounts.
Driving History and the Vehicle You Choose To Drive
Car insurance companies love good drivers and often reward them with savings. A car insurance company will typically require you to be incident-free for a certain amount of time. For example, if you haven’t had any accidents in five years, you could get a potential savings. If you haven’t had any accidents, car insurance claims, or traffic violations, you could qualify for a discount. Good driver discounts often range between 10% to 40%. A list of driving based discounts are being accident-free, a safe driver, taking defensive driver classes, having low mileage, having anti-lock brakes, having anti-theft devices, and more.
Rollins Insurance represents multiple A-rated insurance companies to make sure we deliver the most competitive rate packages to our clients in Kentucky and Ohio.
Contact us (859-781-7283) for more information or get a free quote!
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About Rollins Insurance
Rollins Insurance is an independent insurance agency providing our clients the best prices with the most coverage possible since 2008. We represent multiple A-rated insurance companies to make sure we deliver the most competitive rate packages to our clients in Kentucky and Ohio. We find that most people are under-insured and over-paying when we meet them. We love what we do and our primary business is Personal Auto, Homeowners, and Life and Health insurance. We are a family-owned and managed business that specializes in providing needs-based insurance services.
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