Most Common Auto Insurance Discounts

Saving money on your auto insurance is akin to getting a bump in your paycheck. While auto insurance is required if you drive, it doesn’t mean you can’t save on your premiums. If you know where to look, valuable auto insurance discounts save you money on your coverage without foregoing the quality of your insurance protection.

  • Multi-Car Discount. If your household has more than one vehicle, you may be eligible for a multi-car discount.
  • Anti-Theft and Vehicle Safety Devices. Anti-theft devices, such as a security alarm, GPS tracking device, fuse cutoff technology, wireless ignition authentication, kill switches and smart keys shave off dollars from your insurance costs. While some of these features are pre-installed with a brand new vehicle, others are additional add-on dealer options or must be purchased outside of the dealership. VIN etchings or vehicle identification number engravings on your windshield and windows, could provide discounts as well. Similarly, vehicle safety devices, like airbags, anti-lock brakes (ABS), seat belt pre-tension, and stability control may also afford you a discount.
  • Driving Safely Course. Another discount that is available to students or parents of a student is an auto insurance discount for taking a driver’s safety course.
  • Discount for Safe Driving. Not having any accidents or moving violation tickets translates to being a safe driver, according to your auto insurance company. It also translates to a safe driver discount.
  • Affiliate Memberships Discounts. Being a member of certain affiliates, like AAA or some universities, may mean you qualify for a discount. Be sure to ask your local auto insurance agent what affiliations or partnerships they are connected to. In addition, being a member of the military may offer you a substantial discount as may being a college student.
  • Loyal Customer Discounts. Some insurance companies offer a discount for just being a long-term customer. If you have had a policy with one insurance company for quite some time, this loyalty discount may already be built in.
  • Low Mileage Discounts. Do you work at home and your family’s second car sits in the garage most of the time? Perhaps you carpool to work and don’t put many miles on your car. If so, you may be entitled to a low mileage auto insurance discount. Part of your insurance premium may be based on the number of miles you drive, so be sure to talk to your agent about this discount if you are a low mileage driver.
  • Policy Prepayments. If your budget permits, some insurance companies provide you with a discount if you can pay your entire year’s auto insurance cost at the beginning of the policy year, rather than spreading it out into monthly, quarterly, or biannual installments.

While auto insurance discounts vary by insurer, the above discounts are the most common. In addition to the above though, many insurance companies offer other discounts, so be sure to ask your insurance agent or call 1-800-INFINITY to see if you’re getting all the available discounts.