When you receive your insurance policy, it’s a good idea to check that the information used to determine your premium is correct. An auto insurer is required by law to provide specific rating information ages with your policy that explain how your policy is rated, what the classification codes mean, as well as how its surcharge system works. You should also check the information in your policy against these pages, and verify that:
• your mailing and/or place of garaging address is correct;
• each vehicle is properly classified;
• all discounts to which you are entitled have been applied;
• the make and model of your vehicle(s) are correct;
• the age/birthdate(s) of the driver(s) are correct; and
• the dates of any chargeable accident(s) and conviction(s) identified are correct.
As an insurance shopper, you should check with your insurance company or agent or broker about possible discounts that may be applicable to you, such as those for senior citizens, car pools, low annual mileage and the “good student discount” offered to youthful operators meeting certain academic requirements. You can also save money with a “multi-car discount” by insuring all your cars with the same insurance company. Since rates are generally highest for youthful drivers, young drivers should inquire about a “driver training” discount offered by many insurers for those who have taken driver’s education classes.
You may reduce your premium by taking a Department of Motor Vehicles-approved accident prevention course in a classroom setting or via the internet. Your auto insurer is required to provide you with a listing of all sponsors of these courses with your policy or billing statement. The Department of Motor Vehicles maintains a current listing of approved sponsors that offer classroom courses and/or internet
courses on its website at http://www.nydmv.state.ny.us. Auto insurers must apply a discount to the liability, collision and No-Fault coverages of your auto insurance policy for three years, if the principal operator of a vehicle has completed a qualified accident prevention course. In addition, taking this course entitles you to up to a four-point reduction of accumulated points from your driver’s license. You may contact your local Department of Motor Vehicles office for more details about how this benefits your driving record.