Multi-Policy and Multi-Vehicle
Multi-policy discount is ranked as the single biggest discount available on a car insurance policy and is available through almost all insurers. Car and home insurance packed together is exactly the type of business many insurance companies are working towards. Some offer discounts as high as 20%. This can also apply if you have more than one car.
Anti-Theft
Discounts are awarded to car owners who have anti-theft devices – such as an alarm system – in their car.
Anti-Lock Brakes
If your car has anti-lock brakes, some insurance companies will reward you with a discount as they could help prevent future accidents.
Passive Restraint
Similar to anti-lock brake discount, some insurance companies will discount your premium if your car has safety features such as airbags and motorized seat belts.
Daytime Running Lights
Daytime running lights are a safety feature meant to make care more visible during daylight hours, which some insurance companies will reward with a discount.
Newer Vehicle
Newer vehicles are better equipped with the latest technology, which might mean a better crash score ranking.
‘Green’ Vehicle
Not only will you save on fuel but you may also qualify for an additional discount through your insurance company.
Safe Driver/Accident Free
If you have a clean driving record, most insurance companies will reward you with a discount.
Defensive Driver
Enrolling in a defensive driving course may qualify you for a discount. However, this discount may be limited to senior drivers depending on your company.
Low Mileage
The low mileage is probably the best-kept secret in the car insurance industry and one, which is not offered by all providers. However, if your company does provide the discount, it’s worth looking into as discounts can sometimes exceed 40 percent. This is especially important if you work from work or take public transportation. In order to confirm your low mileage, some companies may monitor your mileage.
Military
If you are currently serving in the military, some insurance companies may temporarily take you off the policy and re-estate you once you are back.
Affinity/Occupational (nonmilitary)
Many employers or organizations have agreements with car insurance companies to provide members with discount rates.
Full Payment
Some insurance companies may offer you a discount if you pay your premiums all at once.
Paperless Billing/Automatic Payment
Companies all around the world are trying to go green to help save money and the environment. Some insurance companies offer a discount if your billing or payment is done solely electronically.
Loyalty
If you have stayed at the same insurance company for a substantial length of time, you may qualify for a discount as you are seen as a loyal member.
Early Signing
Discounts for switching to a new insurer may be offered if you start the shopping process within a specific period of time before your old policy expires.
Good Student
Since younger drivers (especially males) are classified as high-risk drivers, insurance companies will rewards those who have better than a 3.0 GPA and who are enrolled in at least 12 credit hours.
Distant Student
If you have a driver who attends school far from home, some insurance companies will temporarily take them off the insurance policy if they are not using a car while at school.
Click here to see which insurer offers which discount.
