Group auto insurance offers discounted rates over an individual auto insurance policy. Discounted group auto insurance is often given to a group of people in the same entity, such as organizations, people working for the same company, and even people who are living in the same household. While there may not be a great difference in the coverage of the policies, the difference in premiums could be substantial.
There are a great amount of incentives and savings when choosing to go the group auto insurance route. For instance, major insurance providers offer payroll deductions, special group rates, tenure discounts, and even garaging discounts. Payroll deduction simply means that the premium payments can automatically be deducted from your paychecks with out having to worry about interest charges or payment fees. Special group rates are available if you purchase coverage through your existing employer. Tenure discount is where insurance companies reward you for being an employee of a certain company for a long period of time, therefore the longer you are an employee the more savings you will qualify for. Finally, a garaging discount simply states, if you park your vehicle in a garage you can save on your policy.
It is possible for large families to acquire group auto insurance. People living in the same house with multiple cars can achieve significant discounts by getting a group auto insurance policy. For businesses, they can offer substantial savings to their employees and officers of their company by offering them group auto insurance. Any organization that has an official listing can also offer discounted group auto insurance to its members. This is especially important in volunteer organizations as an incentive to their volunteers, since they receive no pay for what they are doing to begin with.
Much like discounts on health insurance, the more members that are in a particular group, the more the premium will be discounted by the insurance providers. While there are some businesses that unfortunately may not qualify for group auto insurance, it is likely that if a business is one that supplies company cars to their employees, they will likely be able to acquire a group auto insurance policy from their insurance provider. To find out if you are eligible for group insurance make sure to ask your human resources or employee benefits representative for more information.
It is just as important to compare online group auto insurance quotes as it is to look for an individual auto policy. Getting rates from various providers is important to find the best deal possible. To get multiple car insurance quotes from various insurers to get the best rate possible for you and your group, simply visit AiQuotes.com. AiQuotes is an online quote comparison site that, in addition to offering a quote comparison calculator provides insurance tips, industry news, car insurance discount information as well as advice on choosing the best provider. It is important to be educated as much as you can before jumping into a long term policy, make sure you do your homework and compare at least three to four providers before picking the right one.
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Filling out a simple online form at http://www.AiQuotes.com takes only a few minutes and the savings on your car insurance policy will be tremendous. Remember, the best way to compare auto insurance rates is through a site like http://AiQuotes.com .
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