15 Ways to Get Discounts on Car Insurance
Auto insurance is a requirement in every state, so you’re going to pay for it one way or another. The question is how much do you have to spend and is there a way to save some money buying this necessity of life?
No two insurance companies have all of the same discounts so you’ll want to begin by asking your carrier some vital questions. Only after you get your lowest rate should you begin comparison shopping to beat that rate.
There are several ways you can earn discounts on car insurance and pay the lowest rate. The good news is that if you go about it the right way, there won’t be much legwork on your part.
Discounts come in all shapes and sizes but all fall into one of three categories: driver discounts, vehicle discounts, and policy discounts. Nearly all insurers offer discounts on auto insurance, but sometimes you have to ask to have them applied, so we’re here to help.
1.Car Insurance Drivers Ed Discount
Completing a driver’s ed course may or may not get you a discount, so you may want to ask your agent if it applies before signing up for one. For new drivers, a driver’s ed discount can bring in discounts ranging from 5% to as much as 20%. Again, it depends on your insurer. Even if you’re not an inexperienced driver, you may earn discounts for taking a driver’s ed course but it may be negligible.
If you’re an experienced driver and have points on your license due to a moving violation, like a speeding ticket or for running a stop sign or red light, you can take a driver’s safety class to erase those points. If you got a ticket for a moving violation recently, you may even be able to erase the points before they even appear on your record by taking the driver’s safety class before your insurance company is alerted to the violation.
Defensive driving courses are another way you can earn a discount, anywhere between 10% and 15%, depending on the carrier.
2. Car Insurance Military Discount
A military discount on car insurance is another perk for those who’ve served this country. USAA and Geico are best known for their cheap rates for service members and retired service members. These two carriers excel in providing discounts, like 15% off if you keep your vehicle on a military-based and 60% on a stored car if you are deployed. Esurance also allows service members to cancel and reinstate their car insurance when they are deployed, all without it being counted as a lapse in coverage, which raises rates.
Also, Progressive, Nationwide, Liberty Mutual and Farmers all offer military and veterans car insurance discounts. Do you need to call each one and spend hours comparing it? No, just fill out a form once, here.
3. Car Insurance Student Discounts
A student discount on car insurance is yet another way young and inexperienced drivers can see a break in car insurance rates. To lower car insurance, a good student discount and a student-away-at-school are two very helpful discounts.
In order to qualify for a good-student discount, the driver must maintain an average of a B or higher. Some car insurance carriers offer car insurance discounts for college students who do not take their cars to college. To be eligible that students must attend a college 100 miles away from home or more to get a discounted car insurance rate. This option is much better than having a lapse in coverage during the most expensive years for a driver.
4. Teacher Car Insurance Discounts
Certain professions are eligible for discounts, and teacher car insurance tops that list. Not only do insurance companies give teachers a discount as a way of giving back but also because educators are seen as less risky. Insurance companies with teachers discounts include Liberty Mutual; Horace Mann; Farmers; Plymouth Rock, New Jersey; California Casualty; GEICO; Esurance; Progressive; and USAA.
Other careers are also given lower car insurance rates because they are considered low-risk: librarians, firefighters, police officers, doctors, scientists, engineers, farmers, and lawyers.
Other Discounts to Ask About:
5. Senior Discounts: It’s sometimes called a mature driver discount, but it pays to be a seasoned driver!
6. Low-Mileage Discount: The less you drive, the less you pay. It’s that simple.
7. Group insurance discount: Ask about discounts for fraternities, sororities, organizations, employers, alumni.
8. Accident-Free: After three years, you’re entitled to a discount by your insurer if you have no accidents on your record. Kudos.
9. Homeowner Car Insurance: Homeowners are considered lower-risk people. Go figure!
10. Multi-Car Discounts: This is a very commonly offered discount by most insurance companies.
11. Bundling/Multi-Policy Discounts: This is also very commonly offered by insurers.
12. Paid-in-Full Discounts: Pay upfront and pay less.
13. Loyalty Discounts: Not always, but sometimes, you can get a discount for being with a company for several consecutive years.
14. Safe Vehicle Discounts. If you have anti-theft devices, anti-lock brakes, passive restraint, a new car or daytime running lights, you may see a price break.
15. Telematics Discounts: Devices that track driving behavior often qualify drivers for discounts for safe driving.
Get a Free Auto Insurance Quote Online Now.
Most U.S. states require proof of insurance for drivers to operate a car. However, each state comes with its own set of rules.
Looking for Auto Insurance?
Compare rates from dozens of companies in less than 3 minutes.
Although these jobs can provide a much-needed stream of income, they also come with a few risks. A personal auto insurance policy may not be enough.
Some people wrongly believe that an out-of-state ticket will somehow “go away” once they return home. However, everything is computerized these days so you will most likely be tracked down
The average dollar loss per auto theft is $8,407, according to the Insurance Information Institute. Here's what you need to know about car thefts.
Traditional insurance states and no-fault states are different in how they handle accidents. In a traditional (or tort law) state, there is fault assigned in an accident whereas in no-fault states your own car insurance pays for damages and injuries even when the accident was someone else’s fault. Below, we break down for you which 12 states are no fault states and what it means if you live in one.
What you need to know before you compare rates.
Drivers assume that there is nothing they can do to lower their insurance premium, this is not true.
What your young driver does, while driving your car, has a direct impact on what you pay for your insurance.