Auto Insurance Discounts

Most states require at least a minimum level of coverage to legally operate a vehicle.  There are many factors that influence the auto insurance rate you are ultimately quoted.  Some things that might result in a lower premium include:

• Selecting higher deductibles on your policy
• Driving a vehicle with a high crash test safety rating
• Selecting lower coverage options

Auto Insurance Discounts Through Insurance Providers

Many providers offer several discount options that can save you a lot of money on your auto insurance.  The following list presents an overview of the various discounts often available for auto insurance policy holders.

• Older driver discount: Drivers over the age of 50 or 55 (depending on the state) are eligible for a reduced rate.
• Good student discount: Families with newly licensed young drivers can receive special discounts when their teens maintain good grades.
• Safe driver discount: Drivers who have recently completed a defensive driving course may be eligible for this discount.
• Good driver discount: Maintaining a clean driving record with no accidents or moving violations can earn a discount (record must be clear for a minimum of three years to be eligible).
• Infrequent driver discount: Insurance companies offer reduced rates for drivers who have low annual mileage, including college students away from home.
• Security discount: Installing an anti-theft device on your insured vehicle will reduce your premium.
• Safety discount: Vehicles equipped with safety features such as air bags, anti-lock brakes or daytime running lights have lower premiums.
• Multiple vehicle discount: Insuring more than one car with the same company will get you a lower rate.
• Multiple lines discount: Companies that insure both autos and homes will offer a discount when you purchase both your homeowner’s policy and your auto insurance with them.
• Loyal customer discount: Maintaining your policy with the same provider for an extended length of time will often earn you a discount on your auto insurance.

Check with your insurance provider to find out if you might be eligible for any of these discounts.

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*Auto Insurance Options is a free information resource that provides content on auto insurance products and policies for informational purposes only, but is not an agency or insurer. Products and policies may not be available in all states.