Looking Beyond Your Premium When Choosing An Auto Insurance Provider
When looking for a new job, chances are you look at the benefits package that comes along with that job and not just the salary. It is important to take this same approach when choosing an auto insurance provider. After all, while the cost of your policy is an important factor to consider, additional benefits offered by the company can ultimately save you a ton of money in the long run. Continue reading to learn more about some of the additional benefits that some auto insurance providers are now offering.
Cash Back Benefits
If you are looking for a way to truly maximize your savings potential, you may wish to consider an auto insurance provider that offers cashback benefits. The way these benefits work is that you are required to download an app on your smartphone which will track your driving habits over the course of several months. The purpose of this is to determine if you are a safe driver. If you are able to demonstrate that you are a safe driver, you will qualify to receive a cashback reward that is equal to a certain percentage of your premium. While the exact amount of this rebate will vary from person to person and company to company, this benefit offers you the ability to save a significant amount of money while requiring very little effort on your part.
No Penalty Benefits
If you have ever gotten a notice in the mail informing you that your insurance rates are going up because of an accident or other claim that you filed, this particular benefit will be sure to get your attention. Many insurance companies are now offering individuals the ability to file their first claim without any penalty. This means that you can rest easy knowing that your rates will not increase if you are involved in a single accident.
Reduced Deductible Benefits
If you are involved in an accident, you will need to pay your deductible before your insurance coverage kicks in to cover the rest of the cost. This can mean paying hundreds or even thousands of dollars out of your own pocket. To help you minimize this cost, many insurance providers are now offering the benefit of reducing the cost of your deductible without raising your rates in the process. For each time period that you go without filing a claim, you will receive a reduction in your deductible. In some cases, you may even be able to eliminate your deductible altogether by avoiding accidents for an extended period of time.
For more information, contact an auto insurance provider near you.