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Auto insurance discounts can help consumers save considerably

Posted on Friday, April 5, 2013 at 6:32:48 PM

Consumers who worked toward qualifying for used car financing may be able to further maximize their loan by researching possible discounts on their automobile insurance. Just because an individual qualifies for a certain rate abatement doesn't mean their provider will offer them the opportunity to save.

By contacting their insurance company and inquiring about the following possible discounts, vehicle owners may find their monthly payments decreased substantially.

Safe driver
Motorists who maintain a clean driving record for more than a year may be eligible for discounts and possibly reduced deductibles.

Military member
Some insurance agencies offer significant discounts to members of the armed forces or college students enrolled in an ROTC program. 

Early signing
If a consumer decides to switch between companies, the new provider may assist them in opting out of their former plan and offer a deal for making the change. 

Vehicle safety features
Oftentimes, those cars which include built-in safety features like motorized seatbelts, anti-lock brakes, anti-theft devices and additional airbags can find drivers lowered premium costs. 

For those consumers considering purchasing a car and setting up insurance, Home Loan Investment Bank can help. The trusted lender offers a variety of auto financing options to clients, as well as residential lending opportunities.