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Save Money with Car Insurance Discounts

Are you eligible for car insurance discounts?

Illustration of a car driving down a road next to a green field.

What Is a Car Insurance Discount?

A car insurance discount is a deduction your insurance company makes to your car insurance premium. Almost all insurance companies offer discounts to appeal to potential customers. Typically, insurance carriers may suggest some discounts in order to bring in your business, such as bundling policies or even a new customer discount.

But there are generally many more discounts available to help you save money on your car insurance policy. We’re going to point some of those out so you can ask your insurance agent about them and find out if you qualify for some savings.

In many cases getting an insurance discount on your car is easy, all you have to do is ask for them.

How Much Can I Save With Car Insurance Discounts?

While a safe driving discount may save you 25% or more, you could get a modest 3% discount for having or installing antilock brakes. Completing a defensive driving course usually saves you 10%. Insuring multiple vehicles could save you anywhere from 10% to 25%. Other types of bundling (such as bundling auto and home insurance through certain carriers) can save you about 14%.

How much you save depends on the insurance carrier and the discount, but we have a breakdown below to give you a better idea of the savings available to you.

State Discount Average Savings
Nevada Defensive Driving Course $160
California Defensive Driving Course $300
Massachusetts Defensive Driving Course $630
South Carolina Good Student Discount $630
Arizona Good Student Discount $900
Iowa Good Student Discount $570
California Student Away Discount $860
Delaware Student Away Discount $780
Florida Student Away Discount $1,260

As you can tell, you can save quite a bit of money with these car insurance discounts, but do you know how to find the best discounts?

What Are the Types of Auto Insurance Discounts Available?

There are many, including good driver discounts, good student discounts, former and current military discount and more. Perhaps the best thing about car insurance discounts is that there are so many different kinds available. And as we noted before, you may qualify for some already!

For example, a safe driving discount rewards you for being accident-free. There are special discounts available to homeowners, students that leave their cars at home while attending college, and completion of defensive driving courses.

One discount that may provide some financial relief to parents who are insuring a newly-licensed teen driver involves the use of smart apps that track the teen’s driving habits.

Some discounts require you to make additions to your car, such as adding antitheft devices. Some discounts are tied to your relationship with the insurance carrier. For example, you may qualify for discounts for setting up an auto-pay on your premium or paying in advance, and you can get discounts for staying with the insurance company and for bundling different policies available.

How Do Discounts Affect Your Car Insurance Rates?

Discounts lower your car insurance rates. After you contact your insurance carrier and they verify that you qualify for the discount, the carrier will automatically apply the discount to your premium each month. This is typically in the form of a percentage discount. The exact amount varies from driver to driver and carrier to carrier.

How Can I Get a Discount on My Insurance?

In most cases, talk to your agent. These days, drivers handle so much of their insurance paperwork online and some companies are also letting customers add discounts online. For the best results in getting a car insurance discount, though, you’re going to need to talk to an insurance agent.

The easiest way to do so is via the phone. However, you can also visit your nearest insurance agency location. As we noted before, the carrier will usually need to see proof that you qualify for a discount. The proof required depends on the discount. For example, a college student applying for a good student discount would need to submit proof demonstrating a good GPA.

Get Discounts on Your Car Insurance Today

The best way to save money on car insurance is to do comparison car insurance shopping and switch carriers when necessary. The second-best way is to get good car insurance discounts. But what if you could have it both ways?

By switching to a carrier that offers plenty of great discounts, you can lower your base premium and then save even more.

At Freeway Insurance, we offer the best car insurance discounts and the most competitive coverage prices. We can quickly and easily provide you with an online car insurance quote. Or feel free to give us a call at 800-777-5620. Finally, you can also visit us at an office near you.

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