You can get a discount on car insurance if you have a vehicle equipped with safety features such as anti-lock brakes, electronic stability control or adaptive headlights. Six of the 10 largest insurance companies offer discounts on security benefits, and the requirements are generally the same among insurers. However, the exact discount amounts may vary by company and state. For example, the discount on State Farm security benefits can help you save up to 40% on your medical payment coverage.
You can get a package discount if you insure your car with the same company you use for condo, renters, boat, motorcycle or recreational vehicle insurance. If you haven't had an accident, car insurance claim, or traffic violation, you may be eligible for a discount. You can get a good student discount on car insurance if you're a high school or college student with at least a B grade point average. Requirements vary from car insurance company to car insurance companies, but the student typically has to be younger than 25 years old, be more than 100 miles from home, and have access to their car only while at home during school holidays and holidays.
The 10 biggest insurance companies offer a good student discount, and the requirements are generally the same among insurers. Cars that are less than three years old can often qualify for a new car discount, often between 10 and 15%. There are more than a dozen common discounts on car insurance, and you might not realize that you're already eligible. And sometimes you have to proactively ask your auto insurance agent to review discounts to make sure you receive all the savings you qualify for.
Your insurance company may offer usage-based insurance (UBI), which adjusts insurance rates based on how often and how you drive. Additional savings are available if you have other State Farm insurance products, such as homeowners, renters, condo or life insurance, in addition to vehicle insurance. With so many options for car insurance companies, it can be difficult to know where to start to find the right car insurance. In general, in order to qualify for a good discount on car insurance for students, a student must be enrolled full time in high school or college.
A multi-policy discount usually applies when buying car insurance and other policies from the same company. For example, if you haven't had an accident in five years, Geico car insurance has up to 26% potential savings.