Commerical Van Insurance Discounts?
Reader’s Question:
I heard commercial van insurance companies in Maryland offer discounts for security device system but I am just wondering what security devices are they. I need to get discount on my car insurance because I cannot afford it any longer. Do you know any car insurance companies who offer this kind of discounts?
Michael
Baltimore, MD
Generally, most insurance companies in Maryland and in other states will allow to get anti-theft or security device discount which would apply to Comprehensive coverage.
The discount that you can get may vary from one insurance company to the other but typically this can save you up to 5% to 20% savings and this is usually applied to car with a passive disabling device which renders the fuel, ignition or starting system inoperative.
Most newer car models have this type of system already installed as standard equipment. The car insurance discount will usually also apply to cars with LOJACK devices. Usually, proof of installation, such as a receipt or service order must be provided as a proof.
Do not worry, a lot of Maryland car insurance companies are offering this type of car insurance discount. Other than that, you can also take advantage of other discounts as well such as low mileage discount, good driver discount and defensive driving discount.
Would You Like A Multi-line Car Insurance Discount?
Reader’s Question:
I heard it from my friends that I can save a lot of money by getting a multi-line insurance, how does it work? I’m thinking of getting a new insurance policy, I live in Omaha Nebraska.
Helene
Omaha, NE
A multiline insurance is an insurance instrument used to bundle the risk exposures of multiple insurance obligations into one insurance contract. The risk exposures put together are often related, such as property and casualty risks.
There are many different varieties of multiline contracts that exist, and they cover a wide range of risk exposures. The basis behind multiline contracts is that a firm is exposed to a portfolio of risk, and instead of creating a portfolio of insurance policies to manage that risk, they should use a single multiline contract to manage the portfolio of risks. One insurance contract is more efficient and less costly than many contracts.
Purchasing auto and home insurance from the same insurance company has several benefits. Most importantly, you’ll likely save a ton of money and it’s just so much easier to keep all your insurance in one place, provided you’ve chosen a good insurance company of course. When choosing a company, consider its reputation, location, service etc. (for example, see if you can check, pay and renew your policies online).
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