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What discounts can you get on auto insurance? Car insurance discounts are a great place to start if you want to lower your insurance premiums. Insurance companies today offer a wide range of discounts to both current and future policyholders.

Some discounts are only available to specific drivers, such as teenagers, senior citizens, or members of the military, while others honor a good driving record. claim or even the presence of specific safety or security equipment in your car.

What Discounts Can You Get On Auto Insurance?

What discounts can you get on auto insurance? Discounts and eligibility criteria vary by the insurance company and state, but in general, the majority of insurers that offer discounts fall into one of the following categories:

• Discount policy
• Driving behavior discount
• Driver-specific discounts
• Affiliate discount
• Discounts by vehicle

In our 2023 Cheapest Car Insurance Providers ranking, we’ve put together a list of the most popular discounts offered by insurance companies to help you maximize your savings. Realize that this is not an exhaustive list of offers. Contacting your insurance company is the best way to find out about the discounts available to you. Or, if you’re currently looking for new coverage, be sure to ask about any possible discounts and whether you or any of the drivers listed on your policy are eligible.

Policy Discounts

Discounts for packages or policies

You may be eligible for a multi-policy or bundle discount if you purchase two or more policies from the same insurance company, such as renters, homeowners or auto insurance. Also, if you insure two or more vehicles with the same insurance company, you may be eligible for a discount. Bundle discounts are one of the most common car insurance discounts offered, although their eligibility and availability vary by the insurance company.

Renewing policies and loyalty discounts

what discounts can you get on auto insurance? If you continue renewing your coverage, many insurance companies will offer you lower rates as a way of saying thanks for your continued business. Ask your current insurer if you qualify for a loyalty auto insurance discount if you’re about to renew your policy or have already done so. Despite this, you ought to compare prices. Although your insurance might provide a loyalty discount, it might not be sufficient to compete with lower prices provided by competing insurers.

It’s important to note that not all “loyalty” discounts have the same definition. Loyalty is defined by several insurers in our ranking of the Best Car Insurance Companies of 2023 as buying many policies (bundling) or covering numerous vehicles.

Full payment discount

What discounts can you get on auto insurance? Auto insurance providers appreciate it when customers pay the full premium in advance, and they often give policyholders a discount for doing so. When you complete the quote process for a new policy, you may see discounts at full payment. Contact your agent if you’re renewing your current policy to see if there are any savings paying in full.

Payment-based discounts other than full payment may be available. Customers who pay their premiums quarterly or semi-annually instead of monthly may also be eligible for a reduction in their auto insurance premiums from some insurers. Find out if insurance offers savings on different payment schedules if paying the full payment is out of your budget.

Automatic discount at checkout

Many auto insurance providers also offer discounts to customers who choose to pay automatically. Typically, you can set up automatic payments by setting up recurring credit or debit card payments, or by using electronic funds transfer (ETF) from your bank account.

What discounts can you get on auto insurance? While they do have certain downsides, automatic payments can be a great method to ensure your insurance doesn’t lapse. You must have funds available for scheduled withdrawals if you choose to pay automatically. You may be liable for fees and penalties from your bank and insurance company if the funds are not available. In addition, your insurance company may revoke your coverage for non-payment.

No-paper savings

Many businesses encourage clients to go paperless in an effort to lessen their carbon footprint or just to save money on paper and shipping. If you choose a paperless option, you will typically receive your bills and any other policy communication and documents by email, online, or through the business app.

Driver Characteristic Discounts

Good student discount

What discounts can you get on auto insurance? Good students (and their parents) can buy insurance cheaper with high scores. Teen and young drivers often have higher insurance premiums. The majority of auto insurance providers we’ve reviewed offer discounts to drivers who enroll full-time and maintain their grades. As each insurance company has a different definition of “good”, if you think that definition may apply to you or your insured motorist, contact your insurance company. yours to find out.

Student discounts far away

You can be entitled to a discount if you leave your car at home while your student uses your coverage while driving to and from school. Although eligibility requirements and limits may differ by the insurer, generally speaking, students must be enrolled full-time and reside at least 100 miles away from home.

Affinity Discounts

Employer-based discounts

What discounts can you get on auto insurance? Some companies charge auto insurance rates for their group of workers. You can get a discount for working there if you get a discount. Remember that these cuts depend on your job and will likely stop if you leave your position. Even if your business has a contract with a particular insurance company, it’s always a wise move to compare your options. There may be places where you can get a better deal.

Career-based discounts

What auto insurance savings are available? Customers who work in certain professions frequently receive incentives from top vehicle insurance providers. The types of jobs that qualify for savings vary, but often only educators and first responders are protected.

Institutional savings

Members of specific groups, which vary by the insurance company, are eligible for this type of discount. For example, some insurance companies offer savings to customers with AARP cards or AAA memberships. If you’re in the alumni group, some businesses may be able to give you a discount.

Veterans and Military Discounts

You may be eligible for a lower rate if you or another driver on your policy is a member of the military community. As a way to thank those who have served, many insurance companies offer discounts to active or retired military personnel. You should also consider USAA vehicle insurance if this applies to you. It has some of the lowest rates out of all the ones we’ve looked at.

Vehicle-Based Discounts

Safety equipment discount

Drivers and passengers can be protected with in-vehicle safety measures, potentially reducing risk for insurance providers. While not all businesses offer discounts on safety equipment, some do, such as Geico. Ask your insurance about any savings that could be achieved if your car has common safety features like airbags and anti-lock brakes.

Deals for anti-theft features

Anti-theft features, like safety features, can reduce your chances of having to insure your vehicle. You should check with your insurance company to see if you qualify for savings if your car has an anti-theft system as not all insurance companies offer this type of reduction. This price.

New car discount

New car customers can get discounts from some auto insurance companies. While each insurance company has a different definition of “new,” you may be eligible for a discount if you drive a vehicle under three years of age.