Your Guide to Car Insurance Discounts
Most companies offer car insurance discounts based on your driver profile, vehicle, payment choices, policies, and driving history.
Written by Jessica Barrett
Edited by R.E. Fulton
Discount category | What it includes |
---|---|
Driver profile discounts | These discounts are based on things about you—your age, driving habits, and how many years you’ve been insured, for example. |
Driving history discounts | Your driving history comprises factors like whether you’ve had any speeding tickets, serious moving violations, or been involved in any at-fault accidents. |
Vehicle discounts | If you own a newer vehicle or have an anti-theft device installed in your vehicle, you might be able to save on your annual rate. |
Payment discounts | How you pay for your insurance policy can reduce your premium—like if you pay in full or sign up for online billing. |
Policy discounts | Insurers reward you for bundling multiple policies, so it’s a good idea to insure your home and any other vehicles you own with the same company. |
Discount | Get it for… |
---|---|
Affiliation discount | Being involved with a personal, professional, or school association |
Military discount | Being an active or past member of the U.S. military |
Senior discount | Being over the age of 55 (or 60 in some states) and completing an approved driver education course |
Good student discount | Being a full-time student in high school or college and maintaining at least a B average in your studies |
Attending college at least 100 miles away from your family’s home without a car | |
Maintaining continuous insurance coverage without any lapses | |
Homeowner discount | Owning your home—bonus if you insure it with the same company as your auto insurance |
Discount | Get it for… |
---|---|
New car discount | Owning a car that’s less than three model years old |
Anti-theft discount | Having a factory-installed or aftermarket anti-theft device in your vehicle |
Safety equipment discount | Having equipment like daytime running lights, anti-lock brakes, seat belts, airbags, and advanced safety features in your vehicle |
Alternative energy discount | Owning a vehicle that isn’t powered by gas (not available in all states) |
Discount | Get it for… |
---|---|
Paying your premium in full instead of in monthly installments | |
Automatic payment discount | Setting up direct withdrawals from your checking account without using a card |
Paperless discount | Signing up to receive your policy documents and bills online |
Signing up for a policy before your renewal date | |
Not missing a payment for a specific period of time |
Discount | Get it for… |
---|---|
Bundling/multi-policy discount | Buying more than one type of policy with the same insurance company—like auto + renters or home insurance |
Multi-car discount | Purchasing policies for more than one vehicle with the same insurance company |
Customer loyalty discount | Staying with the same insurer for a certain length of time |
Discount | Get it for… |
---|---|
Exhibiting safe driving and maintaining a clean driving record with no accidents or claims for at least three years (also known as a good driver discount) | |
Low-mileage discount | Driving less than 10,000 miles each year |
Telematics discount | Signing up for your insurer’s telematic program—many usage-based insurance plans include an initial discount plus further discounts based on the way you drive |
Defensive driving discount | Completing an approved defensive driving course that is not court mandated |
Insurance company | Number of discounts |
---|---|
Farmers | 23 |
American Family | 18 |
GEICO | 16 |
Liberty Mutual | 13 |
Progressive | 13 |
Travelers | 12 |
USAA | 12 |
Allstate | 11 |
State Farm | 10 |
Nationwide | 9 |