The vanishing deductible car insurance program created by Nationwide Insurance Company lowers the amount of your deductible by $100 each year you drive without an accident. The program is an excellent incentive for safe drivers who continue to exhibit positive behavior while operating their vehicles.

Nationwide is not the only car insurance provider to provide discounts based on vanishing deductibles, but they have coined the phrase. Other car insurance companies offer something called, disappearing deductibles and have similar features. Of course, each car insurance company makes claims to having the best offers so you really need to research your choices extremely carefully before you decide.

Since the amount of your deductible can vary, most car insurance companies that offer this type of option may place a cap of about $500 on your total reduction. This means if you have a $500 deductible and during your first year, you are not involved in a car accident, your deductible can drop to $400.

The following year, your deductible can fall to $300 and so on. After you complete your fifth year, you may no longer be responsible for paying the upfront deductible if something happens and you need a repair because of an accident. That can mean great savings.

Vanishing deductibles are a way to thank and reward drivers who never file accident claims or cause insurance rates to increase because of reckless driving. Safe drivers who obey all traffic laws and are consistently looking for ways maintain their impeccable driving history are the types of people car insurance companies are looking for.

Are there any other ways for to save on car insurance?

Vanishing deductibles are an excellent way for car insurance companies to acquire new customers but car insurance companies also offer many other ways to save money including many different types of car insurance discounts.

For starters, you can receive a discount if you pay your premium in full rather than in monthly installments. Additionally, you can qualify for multi-car and bundling discounts if you have more than one car or package both home and auto coverage together.

Certain car insurance companies, like Progressive also offer discounts if you apply online. You can receive up to $50 off your policy if you complete the process using their website. You can also research accident-free reward programs that many car insurance companies are starting to implement.

Most require that you are not involved in an accident for a certain period, like five years or so but if you can manage to avoid any collisions, you can save on your annual premium. Another program you may be eligible for is the defensive driving discount.

If your car insurance company participates in this type of plan, you can receive a substantial reduction in your car insurance rates if you complete a defensive driving course with your local Department of Motor Vehicles.

Parents of children who are driving can take advantage of the good student discounts that some car insurance companies offer as an incentive to maintain good grades. Starting at the high-school level, your teen driver may qualify to receive a discount if they remain at a certain grade point level; this can continue into college. Some car insurance can apply as much as a 10% discount.

How can I tell if car insurance companies think I am a safe driver?

Your car insurance provider has a responsibility to verify your driving record with your state’s Department of Motor Vehicles; the number of times your history is requested varies. If you have been driving for more than five years without incident and continue to work with the same car insurance company, your driving history may be reviewed only once annually.

However, if you are consistently involved in moving violations, traffic accidents or other situations that are deemed high-risk, your car insurance provider may make inquiries more frequently. This is because each time you commit an infraction; your information is recorded with the Department of Motor Vehicles. Depending on the severity, it can remain there for several years.

To ensure that your driving record is accurate, you should request a complete driving history. You can request a printout of your record from your local Department of Motor Vehicles for a small fee. Review the data to confirm it is correct. Having this information will help you understand how the car insurance companies categorize you.

What do I do if I find errors on my driving history report?

Each state has varied rules and regulations regarding making corrections on your driving history. For example, in the state of Florida, you must contact the Department of Highway Safety and Motor Vehicles to begin the process of repairing your driving history. Check with your state for the name and contact information.

You need to prove why your history is incorrect. Most times, the Department of Motor Vehicles may fail to remove a citation or ticket, which can negatively affect your driving record. You should have paperwork to back up your claim that your issues were resolved.

If you do not receive a proper resolution with the Department of Motor Vehicles, you can seek out the assistance of an attorney who can advise if you should continue to pursue your case or work towards a different result.

There are many ways you can save on car insurance. The most important thing to remember to is to pick a company that knows how to prioritize your needs. You want to get a great deal, but you also want to ensure that your car insurance will protect you when you need it the most.What is vanishing deductible car insurance?, 10.0 out of 10 based on 1 rating