Do You Know the 28 Discounts on Auto Insurance in the United States?（1）

In fact, each insurance company will have a variety of insurance discounts and preferential policies, as long as it qualifies, it can save a minute. But sometimes it's because you don't know the discount policy and the insurance broker didn't take the initiative to mention it therefore spent the money in vain when purchasing a insurance.

Now let's see what discounts are generally available for auto insurance.

What are the discounts for auto insurance?

Driving condition discounts

The vehicle owner's driving record is an important element to take into account when assessing insurance costs. Many insurance companies provide additional premium discounts to drivers with good driving records.

1. Accident-free: in general, if there is no bad record such as an accident in a few years, drivers can benefit from premium reductions at low cost. For example, users of Allstate Safe Driving Bonus can receive an additional bonus check every 6 months simply because there is no accident record!

2. Good driver: as above, if the driver does not have a bad accident record or ticket within three to five years, the insurance company will give a discount to reduce the premium. Many insurance companies now use special driving recorders to assess the driving habits of drivers and grant specific discounts based on actual driving conditions.

3. Claims-free：Insurance companies usually check the insurance history of car owners to see how many claims have been made in recent years and whether they are frequently requested. After all, if the insurance company believes it has more chances of compensation, the premium will be even higher. For example, Esurance has an additional 5 year discount with no claim file.

4. Low mileage: if you usually drive a short distance, the relative risk of accidents is naturally lower, many insurance companies will give the annual mileage driving below a certain value (usually between 7500 and 15000 May ) Additional discounts for drivers, such as Safeco offering up to 20% premium discount for drivers who drive less than 8,000 miles per year. Today, many insurance companies also offer "pay as you drive" insurance, which calculates the premium based on actual driving distance data from the driving recorder, such as MetroMile, Nationwide, National General , Progressive, Allstate, etc.

5. Telematics device: many insurance companies have started to judge the actual driving status of the driver using an instrument that can record the actual driving behavior. As long as you register and participate, you will get a device installed on the car for free. Return it to the insurance company to assess the premium. If the driver drives well, he will receive a discount. Such as Allstate Drivewise, Progressive Snapshot, State Farm Drive Safe & Save, Liberty Mutual RightTrack, Safeco RightTrack, Nationwide SmartRide, Travelers IntelliDrive, etc.

Discounts on car function

1. Alternative fuel/Hybrid: Although it is more expensive to buy a hybrid hybrid car, it can not only save money on gasoline for environmental protection, but also help you reduce insurance costs. For example, insurance companies such as 21st Century, Farmers, The Hartford Group, Liberty Mutual, Travelers, etc. benefit from this discount. When friends are considering buying a hybrid car, be sure to ask the insurance company if there is a discount and how much can be discounted.

2. Anti-lock braking system: Anti-lock brakes (ABS) can prevent the vehicle from getting out of control during emergency braking, generally reduce the stopping distance and increase vehicle safety. Therefore, many car insurance companies cars equipped with an ABS system will also benefit from some reduction in insurance premiums. The new car ABS is now equipped with standard functions. Remember this discount when you purchase insurance.

3. Anti-theft devices: If your car is equipped with some anti-theft devices such as alarms and GPS tracking, the probability of the car being stolen will also be greatly reduced, so many insurance companies will provide some corresponding premium discounts for this. However, it is best to ask the insurance company which devices meet the requirements for preferential treatment. After all, the installation and subscription services of some anti-theft facilities are not cheap.

4. Safety equipment: You may not think that in addition to advanced safety technologies, even new cars such as airbags and automatic seat belts can benefit from standard discounts on safety equipment. Allstate, USAA, State Farm, Farmers, Esurance, AAA, American Family, 21st Century and other companies all offer discounts in this regard.

5. New car: Technology evolves over the days, the safety factor and functions of new cars being generally better than those of old cars, many companies also grant certain insurance discounts. For example, Allstate offered up to 15% off first-hand new car owners this year or the year before.

Customer discounts

Many insurance companies give discounts to former customers, so many people will also put auto and home insurance in the same business.

1. Multiple vehicles: if there are multiple cars at home, it is usually more profitable to buy insurance together than to buy it separately, and buy them together, which car is guaranteed and more convenient to drive between they.

2. Family plan: similar to multi-vehicle discounts, especially if older children in the family have just taken the test, it is more profitable to add the child's name to the insurance than to buy separately . Companies such as Nationwide and American Family offer similar family discounts.

3. Bundled/Multiple policies Usually, if you purchase auto and other types of insurance from the same company, such as home / tenant insurance, life insurance, etc., you may be eligible for group discounts.

4. Loyalty/Long-term customer Many insurance companies offer additional discounts to retain old customers, so that you can consult them when purchasing car insurance. Time will be available, and friends who already have insurance should purchase the same insurance for more than a year and should re-register the price, asking if there are additional discounts.

5. Advance purchase/Early shopping: in addition to discounts for regular customers, some insurance companies also offer discounts to customers who buy / renew their insurance in advance (usually 7-10 days in advance), such as Farmers, Travelers, Esurance, American National, Allstate and other companies have similar discounts. If friends are not satisfied with existing car insurance, they may also want to consider more companies that offer such discounts before purchasing new insurance and buying in advance to take advantage of additional discounts.