How To Save Car Insurance Money with The Help of Affinity Groups

Car insurance companies have some relatively unknown methods for customers to save money on their insurance premiums. One of those somewhat hidden methods is through affinity groups discounts. Usually, insurance providers have partnerships with various groups that help members of those groups save money on insurance. In return, insurers will gain access to a pool of potential customers. Visit our website and you can find more info on how affinity groups can help you obtain lower car insurance.

Before searching for an affinity discount, you should consider the following:

• Affinity program definition. Affinity programs are arrangements that offer mutual benefits for both parties. Generally, a business will offer discounted products or services to the members of an organization. In these types of partnerships, both parties have something to gain through profit sharing and by securing special rates to members. Some car insurance companies are known for actively promoting themselves to various affinity groups. Quite often, the members of these groups are employees of a certain corporation, or members of professional, business and alumni associations. If you are part of an affinity group, then you can gain a generous discount if you sign an insurance deal with a specific car insurance company. In order for that discount to be provided. affinity groups will offer insurers access to a database of potential customers. Insurance companies will target those members that they consider to be low-risk and eligible for better premiums. In some cases, the affinity group can get a fee for every member that signs an insurance deal.
• Discount eligibility. Various organizations and clubs can qualify in order to take advantage of the affinity discounts. In most cases, there are groups such as schools, fraternities, sororities, teams, professional organizations, credit unions, auto clubs, employee associations, alumni associations, colleges, business groups, honor societies, military organizations and recreational groups.
• Discount value. The main reason why someone would purchase car insurance through an affinity group is to save money on car insurance. The value of the discount provided through an affinity group can be anywhere between 5% to 20%, depending on the size of the group. Generally, affinity groups that have thousands or tens of thousands of members will gain access to larger discounts. Besides the generous discounts provided, insurance companies can provide some extra perks to customers that buy insurance through a group. Some policies can include perks such as, lifetime renewability, and insurance rates that remains unchanged for 12 months.

It is important to remember that affinity group discounts are not available in every state and are not offered by every insurance provider, because of different state insurance regulations.

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