Although some discounts are common among most insurers, such as a bundling discount, others are more unusual and may be found at only one or two companies. The number of discounts offered by each company varies as well. Smaller regional businesses typically offer fewer discounts than larger corporations. The following four insurers are well-known for the breadth of their discount list, which means you may be eligible for more than one discount and save significantly on your premium.
Geico
Geico offers more than 15 regular discounts, making it one of the best discount providers in the industry. When combined with the company's already low rates, Geico may be able to provide you with the most affordable policy possible. Some of the discounts are quite substantial. For example, having airbags can save you up to 23 percent, and insuring multiple vehicles with the company can save you up to 25 percent. Even wearing your seat belt on a regular basis could result in a small savings. There are also discounts for membership in any of the company's more than 500 organisations.
Progressive
Progressive offers 13 different discounts, some of which are smaller than Geico's discounts. Regardless, it is relatively simple to qualify for more than one, so your savings could add up. Bundling can save you up to 5% on average, and there are three savings options for young drivers, making this a good company to consider if you have teenagers in your household. Doing business with Progressive online can also save you money: 9 percent on average just for signing documents online, for example, and there are additional discounts for going paperless and setting up an automatic payment plan.
State Farm Insurance
State Farm offers 13 discounts, and many of them reward safe drivers. State Farm's Drive Safe and Save programme employs a mobile app to provide the company with real-time data on your driving abilities. You could save up to 30% if they like what they see. Steer Clear is a similar programme for new drivers under the age of 25, who can save up to 20% if they go three years without an accident. Simply taking a defensive driving course may result in a 10-15% discount. Young drivers can also save up to 25% if they achieve good grades in high school or college.
Allstate
Allstate provides 11 discounts to policyholders. Bundling may result in a generous 10% discount on your auto policy and a 25% discount on your homeowners policy. You may also save money if you combine your auto insurance with a life or renters policy. Have you bought a new car within the last year? If this is the case, you may be eligible for a discount. If you add Allstate's Safe Driving Bonus to your policy, you could receive a reward every six months, as well as $100 off your collision deductible every year if you are accident-free — a savings of up to $500. Allstate's Drivewise programme provides a discount for signing up as well as additional savings after six months if you are a cautious driver.
How do I know which discount is best for me?
Do some research when deciding how to get car insurance discounts. Examine the websites of the top car insurance companies and go beyond getting a free estimate. The majority of insurance companies have their discounts listed on their websites. Check them out and see which ones you might be able to use to determine which will be most useful to you.
Do you have any blemishes on your driving record? Pay special attention to discounts for car safety features. Do you have an older vehicle? To save money, you could combine your home and auto insurance policies. The key is to tailor the discounts to your specific needs.
Because no two policies are the same, keep in mind that the company your best friend swears by may not always have the best savings for you. Fortunately, you can conduct much of your research while sitting in front of your computer. You might discover that the best car insurance discounts are just an email or phone call away. Once you've determined which discounts you're eligible for, you can do the math to determine which company will assist you in getting the cheapest car insurance with the discounts applied.
What if I have a bad driving record?
Having a bad driving record can make it difficult to find car insurance. In these circumstances, it may be more important than ever to shop around and compare rates. Investigate providers that provide additional discounts to lower your rates, such as bundling home and auto insurance. Consider taking a defensive driving course, which will improve your driving skills while also earning you a discount from your insurance company.