The full story can be found here: did a deep dive into the websites of the 10 largest auto insurers to uncover all of the discounts they promote. The study found these are the most common cost-cutters, offered by all 10:

  • Safe driver discounts: For motorists who maintain clean driving records.
  • Good student discounts: For families with young drivers getting “B” grades or higher.
  • Multiple policy discounts: For auto policyholders who also have homeowners or other insurance through the same insurer.

These are offered by 9 out of 10:

  • Multivehicle discounts: For households that have more than one vehicle on their policy.
  • Defensive driver discounts: For motorists (usually seniors or teens) who have completed a defensive driving class.
  • Electronic payments discounts: For policyholders who pay their premiums automatically, either from their bank accounts or with credit cards.

“Find your most recent car insurance paperwork, and make sure you’re getting these most popular discounts, if you qualify,” said Doug Whiteman, editor-in-chief, who has been analyzing car insurance discounts for five years. “Your insurance company may not be giving you every discount you deserve -- you have to be proactive.”

The research also turned up rarer discounts introduced relatively recently, including deals for older drivers and for motorists under age 25 who opt to buy their coverage from the same insurance company as their parents.

"You might be surprised by the slew of car insurance discounts that are out there, such as savings if you own your own home, drive a newer car or have fairly standard equipment on your vehicle, like daytime running lights or air bags,” said Whiteman. “You can reduce your premiums by 25 percent or more -- potentially hundreds of dollars.”

METHODOLOGY: conducted a thorough, two-day review of information about discounts found on the websites of the 10 largest auto insurers by premiums written, according to the National Association of Insurance Commissioners. They are, in alphabetical order: Allstate, American Family, Farmers, Geico, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers and USAA. The review was done April 19-20, 2018. Discounts may not be available in all states. A discount was considered “common” if it was offered by three or more insurance companies in at least one state each.

About was founded in 2017 to provide personal finance information, advice, news and tools in a way that is clear, trustworthy, valuable and cool. With editorial offices in South Florida and administrative offices in Toronto, we give tips on how to save money, how to find the best bank accounts, how to choose a credit card, how to get the best mortgage rates and how to navigate many other money matters. We like to make the topics fun, but we’re serious about our mission: to help consumers make smart financial decisions and get ahead.

Contact: Doug Whiteman Editor-in-chief and analyst, 914-999-2766

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