Published October 30, 2012
How do car insurance discounts work?
Discounts depend upon state laws and an insurer's own internal rules and guidelines. Each company will have its own eligibility criteria, and the savings will vary as well. You should be able to see what discounts you currently are receiving by reviewing the declarations page of your policy, though, it may not list only which vehicle is getting a discount and not how much the discount amount is.
Many discounts apply only to a certain type of coverage, such as collision. Also, while most insurance companies will allow you to receive multiple discounts, insurers also have established a maximum total discount they allow off your full premium, such as 25%.
Keep in mind that discounts don't remove the need to comparison-shop your coverage periodically. You may find that a car insurance company offering only a few discounts gives you an overall lower price for your policy.
The original article can be found at CarInsurance.com:
Your guide to car insurance discounts