In almost every state, car insurance is required by law. You could find the best policy with multiple car insurance discounts for your specific needs with a little research.
Almost every major insurer offers a variety of auto insurance discounts, and many of them are relatively simple to obtain. Teachers and students can get car insurance discounts. Some companies provide discounts for good driving records, while others provide discounts for carrying insurance for a specified period of time.
Keep in mind that each policy is unique when looking for the cheapest car insurance company and evaluating discounts. An insurer who provided a low-cost policy to your neighbour may not be able to provide the same for you. There are also price differences depending on where you live. However, you should be able to find discount auto insurance that works for your specific situation. For example, if you have an impeccable driving record, good driving discounts may be the best option for you. There may also be a discount if your car is brand new.
Car insurance discounts come in a variety of forms
Insurance companies will most likely offer you a discount based on a variety of factors. Here's a rundown of how to get car insurance discounts.
Driver history and safety
Companies are increasingly experimenting with telematics technology, which uses devices or apps to monitor driving habits in real time. A clean driving record can result in significant double-digit savings. Even if you do not have a perfect driving record, you may be eligible for accident forgiveness programmes, low-mileage discounts, or defensive driving discounts.
According to the Insurance Information Institute, if you have bad credit, insurers will frequently raise your rates because credit scores are used as predictors of how a person manages their financial affairs. The worse your credit, the greater the risk an insurer sees in insuring you.
There are numerous ways to improve your credit score. However, until you do, it may be worthwhile to shop around. Some insurers may be more forgiving of high-risk carriers than others, resulting in lower rates.
Best auto insurance companies with discounts for safe drivers
Safe driver discounts are a type of discount where you can save a lot of money. If you can demonstrate that you are a safe driver, your insurer may offer you a double-digit discount of up to 20% or more.
Geico — If you go five years without having an accident, you could save up to 22%. You may also be eligible for a discount if you wear your seat belt.
Liberty Mutual offers three discounts to safe drivers: an accident-free discount, a violation-free discount, and a discount for using the company's telematics app, RightTrack, which can save you up to 30%.
Nationwide — SmartRide, Nationwide's safe-driving programme, offers a 10% discount just for signing up and up to 40% if you prove to be a safe driver.
Progressive — The Snapshot telematics programme provides Progressive with an accurate picture of your driving habits in real time. According to the company, if you drive well, you could save an average of $145.
State Farm— Drive Safe & Save, State Farm's real-time driving discount programme, can save drivers up to 30%. There is also a programme called Steer Clear for new drivers under the age of 25, with a discount that varies depending on your location and other factors.
USAA — USAA has recently added a telematics safe-driving programme called SafePilot, which offers a 10% enrollment discount and up to a 30% discount on your next policy period if you have a good driving score.
Driver discounts
Many insurance companies provide special car insurance discounts for specific occupations. Other discounts may be available to you based on your age or military service.
Best car insurance companies that offer teacher discounts
If you are an educator, whether in K-12 or on a college campus, you may be able to find discounts from insurers, such as the ones listed below:
Farmers — In addition to teacher discounts, Farmers offers occupational discounts to select groups such as doctors, nurses, police officers, and firefighters.
Geico — Geico provides discounts to members of over 500 partner organisations, including professional organisations and alumni groups.
Liberty Mutual Insurance Company — Teachers could save money with Liberty Mutual in a variety of ways. You may be covered up to $2,500 if your teaching materials are stolen or damaged while in your vehicle. Furthermore, there is no deductible if your vehicle is damaged in a collision while driving for school or business.
Best car insurance companies that offer student or young driver discounts
If you have a young driver in your household, you are probably aware that their insurance coverage is not cheap. However, many insurers provide insurance discounts if your teen or young adult driver has a "B" or higher grade point average in high school or college. Some insurance companies also provide discounts if your young driver is attending college more than 100 miles away and does not have a car.
Allstate — You could save money in a variety of ways, including being a full-time student with good grades, having completed the company's teenSMART driver education programme, and attending college at least 100 miles away from where your car is kept.
Farmers — Farmers' young driver discounts include savings for drivers under the age of 25, who are the child or grandchild of a policyholder, good students, and students who attend school at least 100 miles away and do not have regular access to the covered cars.
Geico — If you are a student with a "B" or better average and have not been in an accident in the last five years, you could save up to 15% on your auto insurance.
Liberty Mutual — You could save money if your son or daughter has a GPA of "B" or higher, or if they are away at school and only drive when they come home on occasion.
Nationwide — If you are a 16-24 year old driver with a "B" average, you may be eligible for a discount from Nationwide.
Progressive — Progressive offers several discounts for teen drivers, including one for good students and another if students participate in the Snapshot telematics programme, which can also help your teen improve their driving by providing real-time feedback.
State Farm — State Farm's offerings for young drivers are comparable to those of most insurers: your teen or student driver could save up to 25% if they achieve good grades in high school or college. It also offers a discount for students who live away from home.
USAA — If your teen driver completes a basic driver training course, maintains good grades, or goes more than five years without an accident, you may be eligible for a discount on your USAA policy.
Best auto insurance companies for military personnel
Some insurance companies offer discounts to military members in appreciation for their service. If you are deployed, these discounts may increase. Veterans and their families are usually eligible for a discount as well.
Geico — Geico supports the military by offering up to a 15% discount to active and retired military members, as well as members of the National Guard and Reserves.
Liberty Mutual — The amount of the discount offered to military members varies depending on your situation, but you may be able to save money on car insurance.
USAA — If you are an active-duty military member, you could save up to 15% when your vehicle is garaged on base and up to 60% if you store your vehicle while deployed.
Car insurance companies for federal employees that are the best
Geico began as a company that only catered to federal employees. Though Geico is now available to drivers nationwide, discounts of up to 12% are still available to anyone working in federal government
Geico — The company offers a "Eagle Discount," which may be available if you are an active or retired federal government employee with a GS-7 or higher classification.
Vehicle equipment
Your choice of vehicle may entitle you to discounts. Many insurers offer discounts for anti-lock brakes, adaptive cruise control, daytime running lights, and other safety features, and anti-theft protection is also a valued benefit.
Best car insurance companies that offer safety equipment discounts
Because most newer cars have at least a few safety features, such as anti-lock brakes, these are simple discounts to obtain. With these options, you can save anywhere from 5 to 25% off your premium.
Allstate — Allstate, like many other insurers, provides a discount for anti-lock brakes, airbags, and other safety equipment.
Geico — Geico offers a significant 23 percent discount on airbags, a 5% discount on anti-lock brakes, and a 3% discount on daytime running lights for safety equipment.
Liberty Mutual — The company provides small discounts for anti-lock brakes, electronic stability control, and adaptive headlights.
State Farm — Depending on the make and model, you could save up to 40% on your medical payments coverage simply by driving a car manufactured in 1994 or later. You could also save up to 40% on medical bills if you have airbags or other passive restraint equipment in a vehicle that is older than 1993.
Best auto insurance companies that offer anti-theft discounts
Your comprehensive insurance covers you if your car is stolen, but because your insurer would prefer not to pay out on theft claims, they usually offer significant discounts for anti-theft systems.
Allstate — Installing an anti-theft device in your vehicle could result in a lower premium
Geico — Another significant discount from Geico is a 23 percent savings if you have comprehensive coverage and install an anti-theft system in your vehicle.
Liberty Mutual — If your car has anti-theft technology, you may be able to save money with Liberty Mutual.
Nationwide — In many states, you may be eligible for a discount from Nationwide on either factory-installed or self-installed anti-theft devices.
State Farm — The company advises you to consult with your State Farm agent before installing anti-theft discounts, as some may be more discount-worthy than others.
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