There are plenty of car insurance discounts for savvy drivers to take advantage of, but surprisingly few do. According to a recent survey by Princeton Research Associates International on behalf of insuranceQuotes.com, less than 26 percent of drivers in any given age group ever ask their auto insurance provider for a discount.
Many common discounts can apply to just about anybody, but some will be more pertinent during certain times in your life. Keep an eye on these discounts as you enter different phases of your life so you'll be ahead of most policyholders.
The average age for first-time marriages in the U.S. is 26.5 for women and 28.7 for men, according to Pew Research Center data. With most people tying the knot for the first time in their 20s, you may expect people in this age group to request the marriage discount the most.
However, only 8 percent of people 18 to 29 have requested a car insurance discount for getting married, according to the insuranceQuotes.com survey. Those ages 30 to 49 are much more likely to seek this common discount, with 20 percent reporting they requested it.
Young newlyweds aren't the only ones who miss out. Sixty-seven percent of people ages 55 to 64 who have been previously married will remarry, according to Pew. Yet, despite these new nuptials, only 14 percent of people in this age group inquire about the discount.
Only 23 percent of parents ages 30 to 49 ask for a good student discount -- which means there are still plenty of people missing out.
Good-student discounts aren't limited to parents. The students themselves can also claim the discount if they pay for their own auto insurance. Most students who attend college right after high school will complete a degree in their 20s. But in this age bracket, only 21 percent of survey respondents requested a good-student discount on their car insurance.
If you're a college student with a car, then find time between classes to reach out to your insurance agent. A quick call could turn your hard studying into a little extra cash in your bank account.
After you graduate, ask your insurer if you can replace the good-student discount with an alumni discount. Many car insurance companies partner with colleges and universities to offer discounts to graduates.
Defensive driving courses
While not every traffic ticket leads to the need for a defensive driving course, some adults find themselves back in the classroom. In addition to getting points taken off your license, completing a defensive driving class can also save you money on your car insurance. Unlike life milestones, this discount can come in handy at any age.
Thirty-one percent of drivers ages 30 to 49 reported getting a ticket in the past five years -- and 20 percent received two citations in that time. This group is also the most likely to seek a defensive driving discount (21 percent).
Young drivers ages 18 to 29 are the next most likely to get at least one ticket in the past five years. Eighteen percent report they've asked for a car insurance discount after completing a defensive driving course.
Only 7 percent of adults over the age of 60 report having received a moving violation in the past five years, but 17 percent of them reported inquiring about the defensive-driving course discount.
While you certainly have a lot on your mind when getting married or watching your teen drive off alone for the first time, remembering these common auto insurance discounts can lower you monthly bills.
If you aren't coming up on a major life milestone, there are still plenty of ways you can lower your auto insurance rate. Give your agent a call and see what types of discounts you might qualify for at this point in your life.