Finding the best auto insurance for your needs and budget can be a hard task, and although what's best for you isn't necessarily the best deal for someone else, there are some auto insurance discounts which everyone can benefit from. Here, I explain the various types of auto insurance discounts you could be missing out on, giving you the chance to rectify this and make some great auto insurance savings in 2015.

In This Auto Insurance Discount Guide:

What's a multi-vehicle auto insurance discount?
What's a vehicle safety equipment discount?
What's a defensive driving auto insurance discount?
Can I get discounts by paying on time or up front?
Can my occupation entitle me to auto insurance discounts?
Can I get auto insurance renewal & customer loyalty discounts?
Can professional organization membership help me get auto insurance discounts?
Does auto club membership help me get insurance discounts?
Can I get a low mileage discount?
Can good grades help me get auto insurance discounts?
Can owning a home give me insurance discounts?
Can I get a good driver auto insurance discount?
Save even more by shopping around

  1. What's a multi-vehicle auto insurance discount?

    What's a multi-vehicle auto insurance discount?

    If you or your family have multiple cars then you should take advantage of a multi-vehicle auto insurance discount. To qualify for this, all cars must be insured in your name and only driven by you, or the family members who are living in your household. All vehicles must also be insured by the same car insurance company, and there may be limitations as to how many vehicles can be included (typically up to four). It is important to note that not all car insurance companies offer this discount, but finding one which does can save you up to 15% off your insurance costs, and is especially beneficial if you have a teen driver, who could otherwise face extremely high teen auto insurance premiums.

  2. What's a vehicle safety equipment discount?

    One way to quickly and inexpensively lower your auto insurance premium is to kit out your vehicle with safety equipment. There are hundreds of products designed to enhance your vehicle safety but the top ten are: airbags, anti-lock brake systems, daytime running lights, anti-theft systems, window sketching, stolen vehicle recovery systems, tire-pressure monitoring systems, rearview cameras, blind-spot detection, lane-departure warning systems and emergency response systems. Many people don't even think to mention these to car insurance companies, but having these features can have a positive impact on your auto insurance premiums.

  3. What's a defensive driving auto insurance discount?

    You may be eligible for an auto insurance discount if you have completed a defensive driving course - and even get a discount on the course itself from your auto insurance provider. Whilst all auto insurance company policies vary (and the requirements for defensive driving discounts vary from state to state), it is definitely worthwhile asking if defensive driving discounts apply. The course is an excellent way to not only save on your insurance premiums but also improve your confidence and skills as a driver. To locate a defensive driving course contact your state's DMV or DPS for a list of approved courses, many of which you can even complete online.

  4. Can I get discounts by paying on time or up front?

    Despite the differences in auto insurers and their policies, all auto insurance providers want to reduce paperwork and minimize processing periods and procedures. For this reason many auto insurance providers will offer a discount to those who can pay their auto insurance premium up front in full, instead of through monthly payments. If your auto insurance company offers this discount it will usually be advertised clearly, and you won't have to ask – unlike other discounts this is one which all providers encourage you to take advantage of. Following this simple tip can save you anywhere from $50 to $100, depending on your provider.

    Another type of discount related to payments is the prompt payment discount, which can be received if payment for your monthly premium is made before the date it is due. Not all insurance companies offer this discount, but as with other potential discounts, it is well worth enquiring about.

  5. Can my occupation entitle me to auto insurance discounts?

    Most people know that age and gender influence your car insurance premium but are unaware that your occupation affects this too. Individuals with a job that is classified as low-risk in accordance with auto accident statistics can enjoy discounts on their car insurance premiums. Whereas those with jobs involving high stress and working long hours are often penalized. Occupations with the lowest auto insurance premiums include: engineers, scientists, pilots, actors and artists. Occupations with the highest auto insurance rates include: doctors, attorneys, lawyers, judges, real estate brokers, social workers, architects, executives and business owners.

  6. Can I get auto insurance renewal

    The auto insurance industry is highly competitive - meaning that companies are eager to retain your custom. Many insurance companies offer their customers renewal bonuses, which can range from 5 to 30% off your premiums – these bonuses apply regardless of whether your coverage is minimum liability or fully comprehensive. Most companies offer renewal discounts in the form of a percentage off your total premiums, but they can also come in the form of a flat fee, e.g. $50 or $100 off your total premiums.

    Customer loyalty can also be rewarded through long time customer auto insurance discounts of up to 10%, applicable after typically 2 or 3 years with the same company, depending on their terms. Many companies will not advertise this type of discount, so it is in your best interest to ask.

  7. Can professional organization membership help me get auto insurance discounts?

    Professional association memberships aren't only great for your career but also your auto insurance! Many companies provide discounts for those in an approved professional association, and depending on your driving record, savings can range from 3 to 30%. These types of discounts may apply to your policy as a whole, or specifically to a portion of your premium, for example the cost of liability coverage. Depending on which association you are part of, discounts may apply to several insurance providers or just a specific one, e.g. members of the Society of Professional Journalists (SPJ) can receive this type of discount only through Geico. Members of unions can also benefit from auto insurance discounts and perks, such as grants for driver education classes – check with your union to see if this is the case.

  8. Does auto club membership help me get insurance discounts?

    Auto clubs are a membership-based group for drivers which have a large number of perks. Depending on which club you're part of these can include roadside assistance and towing services for breakdowns and repairs, locksmith's help if you've accidentally locked yourself out of your car, and discounts on car rentals, restaurant meals, hotels and other travel necessities. Being part of an auto club can also mean a discount on your auto insurance, as well as other types of insurance such as home and health.

  9. Can I get a low mileage discount?

    If you work from home or often take convenient public transport options you may not be using your car that much in comparison to other drivers. This equates to a lower risk of accidents and a potential discount in your auto insurance. Low mileage is proof of a lower usage, and although the definition of low mileage varies from company to company this is usually between 7,500 to 15,000 miles per year.

  10. Can good grades help me get auto insurance discounts?

    Insurance rates for young drivers can be notoriously high, but students can benefit from discounts for good grades. Most auto insurance providers will offer up to a 20% discount for students who achieve a 3.0 GPA or higher, are in the top 20% of their class, achieve a "B" average or higher, or are on the Dean's list/honour roll the previous semester. Keep in mind that in order to take advantage of good grade discounts you must be between 16 and 24, and be in full time education at high school or college.

  11. Can owning a home give me insurance discounts?

    Homeowners can benefit of up to 20% off their auto insurance by insuring their home and their vehicles with the same provider. Combining the two can save time and money, dealing with one company instead of several for the most important of your insurance needs.

  12. Can I get a good driver auto insurance discount?

    One of the most obvious ways to score a discount on your insurance premiums is being a good driver! Depending on your insurance provider this could mean a number of things, such as not being involved in any at-fault accidents or having a record free of traffic violations and at-fault collisions. Some providers offer a 2% discount for every year you avoid an at-fault accident, which can go on to accumulate up to a significant 20% off.

  13. Save even more by shopping around!

    As you can see from the list above, there are plenty of ways for drivers to get discounts on their auto insurance, but one of the best ways to save money on auto insurance is by shopping around for the best rates! Finding the right auto insurance can be a difficult task, but we've already done the research for you – simply select your state from the box below to compare auto insurance, and find the best auto insurance that can save you the most today!

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