MONDAY, AUGUST 3, 2020

TAMPA, FL - Why would anyone want a discount? Seems like a silly question, huh? EVERYONE wants a discount on literally any and everything. We’re used to getting discounts at restaurants and from our cellular phone carriers, for example, but what about from your insurance company?
Most people aren’t aware of the certain insurance discounts that may be available for them. Did you know by “going paperless” and receiving all important documents through email you might be able to receive a discount on your insurance? There are many ways you can save and we’ll name a few more for you:
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Higher Deductibles: This one is self evident. By asking for higher deductibles you can save. Example: if your deductible is $500 and you raise it to $1,000, you can save at least 9% on your premium.
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Outstanding Credit Score: Need we say more?
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Bundling Policies Together: LET’S GET READY TO BUNDLE! By combining your home, auto, life, etc. you are able to save money on your policy.
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Automatic Payment: Recommended for people who keep sufficient funds in their checking account.
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Loyalty to Career: Insurance carriers love to see people who are committed to their careers and who have been working at their same corporation for years.
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Loyalty to Insurance Carrier: You love us, we love you back.
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Safe Driving: If you haven’t been in an accident for the last 5 years, congrats. You get a discount for keeping it safe on the roads.
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Safe Driving Apps for Smartphones: These apps are designed to study how often someone drives, at what time of the day they’re driving, how often they’re accelerating or braking, etc. For safe drivers, they will be able to see a discount on their next premium.
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Filing Less Claims i.e. Only Filing Important Claims: Most people aren’t aware that by filing a claim you are actually making it worse for you and your future insurance payments. If you were in a minor fender-bender, it’s best to see if you could work something out with the other driver instead of involving insurance companies.
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Student Drivers with Proof of Good Grades: An excellent academic record isn’t always easy to come by, but insurance carriers love to reward scholars.
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Being a Homeowner: That’s an accomplishment on its own, and we’re so proud. Here’s a discount!
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Owning a Hybrid Vehicle: Do you care about the Earth? So do we!
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Buying Road Assistance/Driving a Vehicle With it Built In: Better to be SAFE than SORRY.
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Early Renewal: Early bird gets the worm! And the discount.
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Active Military: WE SALUTE YOU! And we’ll help you save money.
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...And so much more!
That was definitely more than a few but we just get carried away because this stuff is exciting, right?!
It’s been proven that people respond to discounts and attempt to look for them in any aspect of their purchasing decisions. Dr. Paul J. Zack, professor of Neuroeconomics at Claremont Graduate University, led a study designed to measure the overall mood and happiness of a group of people after they were given a coupon. “Together, they discovered that coupon recipients who got a $10 voucher experienced a 38% rise in oxytocin levels and were 11% happier than those who didn’t receive a coupon. Furthermore, their respiration rates dropped 32%, heart rates decreased by 5%, and sweat levels were reportedly 20 times lower than their peers. Consequently, they felt more relaxed and less stressed,” (Campaign Monitor, “What Science Says About Discounts, Promotions and Free Offers”).
So, yes, this is a science.
Not only do people feel happier, but they feel even more confident in their purchasing process than they did before.
We understand that shopping for insurance is a big decision and shouldn’t be taken lightly. That’s why we want our clients to feel like we’re on their side. We want to notify them of different ways they can save money because we cherish our client relationships, and we want our clients to feel like they’re being taken care of - not taken advantage of.
ASK your agent today about the many available discounts you might be eligible for.
Sources:
Yoast - "The Psychology of Discounts"
Campign Monitor - "What Science Says About Discounts, Promotions and Free Offers"
Groupon - "The Science of Price Promotions: Do Discounts Work and Why?"
Posted 1:18 PM Tags: insurance, insurance company, insurance agency, insurance agent, insurance broker, insurance quote, insurance discounts, car insurance discounts, homeowners discount, auto, home, life, commercial, business, promotions, free offers, tampa, florida, pasco, hillsborough, zephyrhills, ruskin, dade city
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