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Car Insurance Discounts – Make the Most of Them

  • Tabitha Naylor
  • July 2, 2013 1:47 AM


Auto insurance is one of those necessary expenses, at least, that is if, if you drive. But that doesn’t necessarily mean you need to make too large an auto insurance payment. You can actually find cheap car insurance rates if you shop smart.

Prices for car insurance vary and this difference could imply savings of more than a few hundred dollars, says The Insurance Information Institute.  Most car insurance providers offer many different opportunities for consumers to cut down on premiums. These cuts come in the way of discounts based on many different factors.  You can get discounts for good driving habits, for certain occupations, fancy high-tech devices on your car, and even on the fact that your kids excel at their school work.

Some discounts run across the board while others are specific to certain car insurance companies or premium types.  The following are some of the discounts out there that you should ask about:

Employee or Occupational Discounts

Sometimes the type of work you do can allow you to save money on your car insurance.  Some occupations are less risky than others, involve less time on the road and consequently, fewer accidents, so a car insurance company could offer discounts for certain occupations.

If you are a customer of Farmer’s insurance you could get discounts if you are a police officer, firefighter, doctor, dentist, registered nurse, educator, engineer, or scientist.

Some car insurance companies have long-standing relationships with certain corporations. So employees for those corporations could get discounts on their insurance policy. For instance, Geico, offers an 8% discount to employees of the Warren Buffett Berkshire Hathaway Inc, a company that has many sub corporations like Fruit of the Loom.

Even people that don’t work for anyone but themselves can qualify for discounts. If you stay at home and work from there you could be elible for a discount, especially if you don’t drive all that much.

Good Credit Scores

People with good credit can also qualify for lower traditional or online car insurance quotes. The better your credit is the lower your car insurance rate will be.  Some say a good credit score could cut your car insurance rates by as much as half.

Military Discounts

If you are in the armed forces or in a qualifying ROTC program you may qualify for a military discount. Sometimes these discounts can be as much as 15 percent for military personnel and their families, and this could even include such branches as the National Guard.

Association Discounts

Do you remember being a part of a fraternity or sorority in college? These affinities can also give you a car insurance rate discount.  Many insurance providers offer affinity discounts of up to 8 percent.  These associations could be your state’s Bar Association, Small Business Association, Alumni Association, or other type of program. Be sure to ask about car insurance discounts with both your association and your car insurance provider.

Green Discounts

There is a reason for the cheap online car insurance rates. They offer a greener solution that is ecofriendly. Cutting down on paper and business costs allows a car insurance provider to offer better discounts on policies. Some companies even give you an immediate $50 discount if you sign your policy online.

You’ll also knock down your rates when you reduce your carbon footprint. Reduce your mileage and you reduce your insurance bill.

Those who drive fuel efficient vehicles can also get reduced insurance rates. Some companies offer as much as a 10 percent discount for drivers of hybrid vehicles.

Anti-Theft Device Discounts

Those drivers that love the high tech stuff can also get better insurance rate quotes. Insurance companies offer lower premiums for drivers who use cars equipped with air bags, anti lock brakes, fuel or ignition cut off switches, alarms and tracking systems.  This could mean a savings of almost 25 percent.

The Early Bird Discount

Those who shop early for a car insurance quote can also get larger discounts. Some companies offer a 10 percent discount if you switch your contract over to them before your policy renews.

However, there are also company good-standing discounts. These are discounts offered to long standing customers, so be careful before you jump from one provider to another.

Good Grades Discount

If you have a student on your policy and he/she receives good grades, you could get a discount of up to 20 percent. This is because data shows that the better a student is in school, the less likely he is to have an accident.

Bottom Line

While car insurance discounts are great and may be substantial, and you certainly want to look into every discount available to you, there are insurance companies that still offer better rates even without the discounts.  The key to finding the best car insurance rates lies in uncovering every discount, every price drop or low insurance rate quote and then choosing the option that best fits your needs.

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