How To Get Inexpensive Car Insurance: Safe Driver Rewards

Following traffic laws and driving like you should be driving anyway can save you up to $500 a year. The incentive is called safe driver bonus, discount or reward and is offered by several insurance companies to drivers who don't have any claims during a certain period of time.

The program and savings vary depending on the company. Just to give you an idea of how much money you can save, here are some of the discounts and programs offered by some of the largest car insurance groups.

State Farm Insurance offers a 15% discount off the premium for three years of safe driving. After six years without accidents, the discount increases to 20% and up to 25% if safe drivers hit the 10-year mark. The company's "Steer Clear Safe Driver Discount" also requires you to complete a program that includes watching a video presentation, reading a safe-driving magazine and a complete driver's log.

Allstate Insurance offers a service called "Your Choice Auto." Among other things, it rewards drivers who haven't been in an accident in four years by eliminating their deductible. There are also other options like the Standard policy, where safe drivers receive rate reductions for accident-free driving; the Gold policy, which grants $100 collision deductible for every year of safe driving; and the Platinum policy, where the driver receives a 5% discount on next semester's premium for every 6-month period without accidents.

Needless to say, all these benefits disappear when you have a collision. In some cases, accident-free means no accidents or claims at all. However, some companies are willing to ignore minor incidents as long as the driver isn't at fault. In order to qualify for safe driving discount all drivers on your policy must be accident-free. If you've gone sometime without an accident, ask your auto insurance company about benefits and discounts. Remember, squeaky wheel gets the grease!

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