Common Discounts Offered by Car Insurance Companies
The catch is not all of them will tell you which discounts you qualify for - you'll need to ask for them specifically.
The types of discounts vary by company and state, so when comparing insurance quotes, you should contact several of the companies with the best offers and see if you qualify for any additional discounts.
Here are the main ones that are typically offered:
|Multiple Policy Discount||Having both auto insurance and homeowners insurance with the same company||Up to 15%|
|Good Driver Discount||If you haven't had any at-fault accidents within the past 3 to 5 years||Up to 20%|
|Low Mileage Discount||If you drive fewer than 7,500 miles per year||5 - 10%|
|Good Student Discount||If you maintain a B average or better in school, or if you're in the top 20 percentile of your class||Up to 30%|
|Driving Course Discount||Completing a defensive driving course course||Varies|
|Retiree Discount||If you're 55 or older and no longer working||5%|
|Multicar Discount||Having multiple cars on the same policy||Up to 15%|
|Safety Device Discount||If your car has safety features such as anti-lock brakes, collision avoidance, air bags, etc.||Up to 15%|
|Antitheft Device Discount||Having an alarm system||Varies|
It also pays to visit the web sites of insurance companies since most will list the discounts they offer in your particular state.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.