Travellers, up to 30% through the telematic program. Most programs offer a 10 percent discount on the price of a standard policy when you sign up and reward good driving with additional discounts. Several states limit the initial discount to 5 percent or less. Some insurers offer special discounts on car insurance to former students of certain universities, Greek life alumni, and members of professional organizations such as the United States Library Association.
While new cars, vehicles with safety add-ons, and electric vehicles can be expensive, you can help offset the cost with a discount from your insurance company. For example, a company that doesn't offer discounts might end up offering a lower auto insurance premium than another insurer that charges a higher premium and offers 20 discounts. Companies offer discounts on auto insurance for a variety of reasons, such as owning a home, driving safely, and getting good grades. Insurers reward loyalty with discounts for long-time customers and for those who have multiple policies or cars insured under the same policy.
Of the 10 largest auto insurance companies, Farmers lists the most discounts on its website, with 23 available. Since newer vehicles typically have the latest in safety features, some insurance companies also offer discounts for driving a newer car. That's why it's so important to compare car insurance rates, even if you receive a loyalty discount (or other). Some car insurance companies even offer both types, so if you're driving safely and don't mind providing your smartphone data to your insurance company, you could be entitled to several discounts.
If you want to save money on your car insurance, the best thing to do is ask your insurance company for a list of the discounts they offer and compare several providers to get the best insurance rates possible. The most important thing to remember is that insurance rates, discounts, safe driving programs, and other factors vary by insurance provider, state, age, and many other factors. Several companies offer discounts on auto insurance for having protective devices such as alarms or locks on the steering wheel. Because married people tend to drive more safely, the likelihood of receiving a large insurance payment is lower, so insurance companies are willing to discount their rates.
