12 Car Insurance Discounts

Fluctuating gas prices, maintenance costs and state fees; these are just a few of the factors that can drive up the costs of owning a car. While securing discounts in these areas may be nearly impossible, a little bit of research may allow you to save hundreds of dollars a year on your car insurance. Keep reading to discover some lesser-known discounts that may be available to you.

  1. Multiple Policies. Does your insurance company offer other types of insurance? Talk to a representative about bundling your car insurance with other policies, such as home insurance or renter’s insurance.
  2. Multi-vehicle. In addition to rewarding customers with multiple policies, your insurance company may offer an incentive for insuring multiple vehicles through them.
  3. “Green” Vehicle. If you drive an alternative-fuel or hybrid vehicle, you may be eligible for this discount.
  4. Low Mileage. While it is estimated that the average driver puts around 12,000 miles per year on their vehicle, you may drive significantly less. Most insurance companies offer a low mileage discount, though you may be required to provide monthly proof of your driving habits through electronic monitoring.
  5. Military. Policy holders who are active members of the armed forces, as well as their family members, may qualify for a military discount.
  6. Occupational. Members of some unions, or professionals working for specified companies or in certain industries, may qualify for an occupational auto insurance discount.
  7. Good Student. Many car insurance companies offer an incentive for high school and college students who maintain a B average or higher in their studies.
  8. Distant Student. Does your policy cover a young student who attends school far from home? If so, you may be eligible for the distant student discount.
  9. Safe Driver. Safe drivers are less likely to be in an accident, and are less likely to require a payout from their insurance company. To provide an incentive for safe driving habits, many car insurance companies pass on their own savings by offering a safe driver discount to policy holders who have a clean driving record.
  10. Paperless Billing. In addition to being environmentally responsible, paperless billing saves money for your auto insurance company. Once again, some companies may pass on these savings by offering a discount to their policy holders.
  11. Full Payment. Almost all car insurance companies offer a discount for paying your entire premium upfront. Consider taking advantage of this discount, and enjoy significant savings on your car insurance.
  12. Defensive Driver. If you have taken a defensive driving course, you may be eligible for the defensive driver discount. Note that some insurance companies only offer this discount to senior drivers, so be sure to talk to a representative before enrolling in a defensive driving class.

While many expenses of owning a car offer little room for negotiation, knowing the right questions to ask may result in significant savings on car insurance.