Why Veterans Save on Auto Insurance
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UPDATED: Nov 23, 2020
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If you own a car, paying for auto insurance is really not an option, since almost every state now requires it. How much you spend can vary greatly, however, so it really pays to shop around to get the best possible deal.
There are a number of ways to save on auto insurance, from increasing your deductible to dropping certain types of coverage when it makes sense to do so. There are also some little known ways as well. For instance, did you know that just by serving in the military and receiving an honorable discharge, many insurance companies will give you a discount? Read below to learn more about auto insurance for veterans.
Make no mistake about it, serving in the military is an honor and a great tradition, and those that do so should be proud of their service. By offering a discount to veterans, insurance companies have found a way to say thank you and pay back a little. Service men and women have made a great sacrifice for their country, and we all owe a debt of gratitude to those who have helped keep our country safe.
But what do insurance companies find so attractive about military veterans? Well, for one thing, veterans possess a whole range of traits that insurance providers find highly desirable. Qualities such as…
- A strong sense of duty
- Veterans are usually very disciplined as a result of their military training
- A proven track record of responsibility
- Veterans are less likely to engage in law-breaking activities, such as speeding or drinking and driving
- Veterans hold onto jobs and make their payments on time
You Still Need A Good Driving Record
Just because you have been in the military doesn’t mean you’ll get the discount if you’re driving record doesn’t measure up. Even a chest full of medals won’t be enough to erase bad driving behavior. In that respect, you’re just like your civilian counterparts. Remember that your insurance premium will be influenced by a number of factors, such as:
- Your Credit History
- Your Driving Record
- Your Age
- Where You Live
- What Type Of Car You’re Insuring
- Even More Discounts For Veterans
Another point to remember about auto insurance for veterans is that the discounts offered by insurance providers can often be extended to members of your family as well. Be sure to investigate this for ways to save even more money.
If you’re a member of the military and are serving on active duty, or are an honorably discharged veteran, insurance providers have found a way to say thank you for your years of service and dedication. When shopping around for the best auto insurance rates for you and your family members, don’t forget to ask your provider about military discounts. Your sacrifice for your fellow countrymen is greatly appreciated. Don’t miss out on all the discounts you have earned.