What Discounts Does The Hanover Offer for Auto Insurance?
Last Updated on December 18, 2020
The Hanover Insurance Group was founded in Manhattan in 1852, making it one of the older insurance companies in the United States. Originally called the Hanover Fire Insurance Company, its first independent agent was appointed the same year and over time, the company changed its name to its modern one and expanded west. Covering 26 states and Washington, DC, The Hanover enjoys stellar ratings from its customers and the Better Business Bureau alike.
But now it’s time to get to the nitty-gritty: automobile insurance. Like most consumers, you want the most for your hard-earned money, and one way to get the best deal is to shop around for discounts. It’s important to note that The Hanover emphasizes value over price, as they say: “the cheapest insurance car insurance may not always be the best insurance”. However, they do strive to be competitive, and here this article will explore the vehicle insurance discounts they offer so that you can still get great service – without going over your budget.
Auto Insurance Discounts with The Hanover
Basically, there are three ways to save money with The Hanover’s Smart Savings: account credit, discounts, and electronic funds transfer (EFT) payment. Take note, however; credits and discounts vary by state, so before deciding on anything, speak with a representative or agent in your state, and they’ll tell you what discounts they have on offer.
What The Hanover Insurance Group calls account credit, other companies refer to it as “bundling”. In other words, if you insure your home and your vehicle, you’ll get a discount along with the added convenience.
Paid-in-full discount: If you pay for your automobile insurance policy upfront, you’ll pay less.
Anti-theft devices discount: If your car comes equipped with an anti-theft device or if you install one, you might get a reduction on your premium. Some examples of anti-theft devices include alarms, steering wheel locks, tire and rim locks, car part protection, kill switches, and GPS trackers. However, The Hanover Insurance Group’s website doesn’t mention which anti-theft devices qualify for the discount, so you will need to speak with them directly.
Multi-car discount: When you insure all of your vehicles, it’s convenient and it’s less expensive.
Accident prevention courses discount: Depending on the state, you’ll be able to get a substantial amount taken off your premium if you successfully complete an accident prevention course. The course could include a written component and a practical component. The agent will be able to tell you if the discount exists in your area and will let you know which accident prevention courses qualify.
Good student discount: Doing your best at school, college, or university is always a smart thing to do; but did you know that it can also get you cheaper car insurance? If you have a qualifying GPA and you’re a student at an approved educational institution, you might get a substantial discount.
Student away at school discount: If you have a student listed as a driver on your policy and they’re away at college or university, you can get a considerable discount. In most cases, however, the student must live at least 100 miles away from home. The qualifying distances vary, and other factors are considered as well. The moment your student goes away to college or another approved educational institution, contact your agent to update your policy.
Electronic Funds Transfer
If you use an EFT payment method instead of paying by check, you can save up to 60 dollars every year just in installment fees. While it might not seem like much, 60 dollars means you can treat yourself to a very nice lunch! What’s not to like about that?
Save by Customizing Your Automobile Insurance
The Hanover Insurance Group does not specialize in offering the cheapest insurance to get you and your car on the road; their strategy is to offer you, the consumer, great coverage when the unthinkable happens. It can be thought of like this: if you buy the cheapest insurance and you get into an accident and get badly injured, your medical expenses might not be fully covered or covered at all. In the end, you pay a sky-high amount of money out-of-pocket to get the medical attention you need. So, when the unthinkable happens, you pay a lot more.
When you have reliable coverage with a rock-solid insurance company, you are taken care of if you’re in an accident or if someone else damages your car. Furthermore, you’ll have great service, less of a headache, and you’ll be able to focus on other things. But, you’ll need to pay more for your insurance, but when a disaster occurs, you’ll pay less. So keep that in mind when comparing insurance quotes when you want to insure your vehicle.
With all that being said, there are other ways to save money; The Hanover offers customized automobile insurance to meet your needs, which can affect the cost of your premiums. Coverage options include:
- Accident forgiveness
- Original equipment manufacturer parts
- Newer car replacement
- Deductible dividends ($500 off your deductible over five years once it’s endorsed on your policy)
- Transportation expense
- Medical payments coverage (for non-household members who suffer injuries in an accident)
You can easily get in touch with an agent for more details via their website at www.hanover.com.
Why Consider The Hanover for Auto Insurance?
The people at The Hanover themselves say they are not the cheapest insurance on the market and warn that when it comes to insuring your vehicle, you get what you pay for. Cheap insurance might mean cheap service! And when catastrophe strikes, you want the insurance process to be as smooth as possible.
The Hanover is highly rated and valued by customers, with very few negative reviews. The worst review stated that a local office wasn’t open on a weekend. However, online claims services are available 24/7.
The vast majority of reviews are glowing, with all clients stating everything was easy from the time of purchase to making claims. So, if the price isn’t your only consideration when shopping around for car insurance, The Hanover is a solid, dependable option for you and your family.