In our last article we discussed the first step parents should take to save as much as $1,000 on their car insurance premiums in Cincinnati. That step is to take a few minutes to receive comparison insurance quotes from other companies. Car insurance premiums can vary from company to company by thousands of dollars for teenage drivers in Cincinnati and that’s why parent must take this step first to save money.

Because our agency is a broker we represent a number of companies whom have the best car insurance rates for teenage drivers in Cincinnati, and we make it very easy for parents to receive an instant online car insurance quote from multiple insurance companies doing business in the greater Cincinnati area. (Instant car insurance quotes is available in Ohio and Kentucky and quotes can be obtained in all 50 states)

However let’s now talk about a particular car insurance discount that’s available for Cincinnati insurance buyers that you might not even know about, but could end up saving you hundreds of dollars.

This discount is called the Company Car Discount.

The company car discount is applied to a policy when an insured driver has possession of a vehicle that is provided by his or her employer.

The company car discount helps you the most when you only have 1 car on your policy. If you are insuring more than 1 car you should already be getting a multicar discount, however some insurance companies doing business in Cincinnati may offer a discount for a company car even when you already receive the multicar discount. Check your particular insurance company for exact details if this is available to you.

But let’s assume for argument sake you drive a company car plus you have 1 additional car on your policy. Normally, you would not be eligible to receive the multi-car discount. However if you drive a company car you can receive the multi-car discount that could reduce your premiums by as much as 25%! (Discount varies by company)

So if someone in your family drives a company car, make sure that you are getting this important discount. However don’t assume that your current insurance company or agent will automatically give you this discount even if they know you drive a company car.

Do you remember our Cincinnati client I shared with you in my previous article whom we saved more than $1,600 for the year on his car insurance? One of the reasons he was being over charged for his car insurance is because his former agent, either because of greed or laziness did not apply the company car discount even though he knew he drove a company car!

While it’s true that not every insurance company offers this specific discount most do. If for some reason you find out your current insurance company is being stingy by not offering you this money saving discount, or your agent was just too lazy to offer it to you, give us a call or use our free online instant rate quote system. We have a number of companies that will be glad to provide this discount to you!

In our next upcoming issues, we will examine other valuable discounts that will help parents save hundreds, and in some cases thousands of dollars on insurance premiums for teenage drivers in Cincinnati.

Click here if you think you’re being overcharged on car insurance premiums for your teenage son or daughter living in the greater Cincinnati area.