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Safety Features Can Lead to Auto Insurance Discounts

iStock_000033988744_SmallAny time you’re on the road, your first priority is the safety of your passengers. But with the cost of gasoline, auto insurance, and your loved ones, while also helping you earn a discount on your auto insurance policy.

Technology has provided us with many ways to make driving safer, as well as prevent auto theft. And since these innovative features allow us to lower our overall risk on the road, they can help to lower auto insurance premiums as well. After all, your premiums are calculated based on your risk of accidents, thefts, or injuries.

Most auto insurance companies use complex formulas to determine risk, and therefore your premiums. But in general, the following features are the ones that typically can help customers to achieve a discount on their rates.

  • Anti-lock brakes
  • Daytime running lights
  • Rear view cameras
  • Blind spot detection
  • Lane departure warning systems
  • Tire pressure monitoring systems
  • Stolen vehicle recovery systems
  • Anti-theft systems
  • Emergency response systems

Some of these features, like anti-lock brakes, are so common in newer models of vehicles that car owners forget to mention them to their insurance agent. But if you directly ask your agent about discounts related to safety features, you might get a pleasant surprise. Check your owner’s manual to see if your car has any of the above features, and then talk to your auto insurance agent about possible discounts.

If you’re in the market for a new car, make sure to check with your insurance agent before making your final selection. Don’t just assume that certain safety features will help you get a lower insurance rate – but in many cases the discount might make it worthwhile to choose a model with more comprehensive amentities.