Five Biggest Auto Insurance Discounts






Every car insurance company offers special discounts to draw in new customers. Not all discounts are created equally, though. Here is a list of the five best auto insurance discounts offered by the widest number of car insurance companies in the industry today.

1. Multiple Policy Discounts

A multiple policy discount saves you money if you purchase more than one type of insurance through the same company. Most insurance companies sell more than car insurance. You can take advantage of special pricing packages if you add a homeowner’s policy or life insurance policy through your car insurance company. This discount is especially nice because it can save you money on two types of insurance premiums at the same time.

2. Low Mileage Discounts

Many insurance companies offer lower premiums for drivers who don’t drive very often. The fewer miles you drive, the lower your risk of being involved in an accident. If you aren’t driving a long commute every morning and evening, you might qualify for this discount. Each company has different ranges of mileage that qualify for this discount, so you will need to check with your insurance company to see if you qualify.

3. Good Driver Discounts

It is no secret that a good driving history can keep your car insurance costs down. Aside from the standard rate reductions that go along with being a low-risk driver, many insurance companies also offer substantial discounts for drivers who meet certain qualifications. These discounts can increase if you maintain a safe driving history for a number of consecutive years. Good drivers usually qualify for additional perks, such as accident forgiveness or lower deductibles, which can save you money if you find yourself needing to file a claim after a long period of safe driving.

4. Membership Discounts

Another lucrative car insurance discount can be earned by joining the right organization. Car insurance companies tend to affiliate with other groups or organizations to offer special discounts to the members of those groups. Being a member of AAA or an employee of a local manufacturer could earn you substantial discounts on your car insurance costs. You can find out about potential car insurance discounts by checking with your place of employment and any group, club, or organization that you belong to. If discounts are available, they will have a list of their car insurance affiliates in your area.

5. Good Student Discounts

The most expensive demographic for car insurance is between the ages of 16 and 25. Any discount that can cut down those high insurance costs is worth looking into. Almost every car insurance company offers some sort discount for high school and college students who maintain a 3.0 grade point average. The discounts can apply to a policy that is held by the student individually, or they can apply to a policy that is tied into a parent’s insurance coverage. Either way, good student discounts can ease the pain of buying the necessary car insurance coverage for an adolescent or young adult.


One Response to “Five Biggest Auto Insurance Discounts”

  1. Good information for consumers to know when they are getting quotes.

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