There are many ways to obtain car insurance discounts, from choosing the right car (one that is less likely to be involved in an accident or stolen – yes that matters!) to reducing the amount that you drive (the less you drive, the better). But if you’re looking for more ways to save, here is a list of car insurance discounts that you can discuss with your broker at your next renewal:
- Multi-policy discount. For drivers who buy their car and home insurance policies from the same company.
- Multi-vehicle discount. For drivers who insure more than one vehicle with the same company.
- Conviction-free discount. For drivers who maintain clean driving records for a set amount of time (usually 3-5 years).
- Autonomous emergency braking (AEB) discount. For vehicles that have an AEB system that acts independently of the driver to help avoid or mitigate accidents.
- Short commute discount. For drivers who commute a short distance to and from work daily.
- Loyalty discount. For customers who have remained with the same insurance company for a set amount of time (usually over 4 years).
- Full coverage discount. For customers who have both liability and physical damage coverage on their vehicle.
- Away at school discount. For parents with kids who are living away from home to attend school and don’t have regular access to the insured vehicle.
- Green discount for hybrid vehicles. For eco-friendly vehicles that help the environment by reducing smog and greenhouse gas emissions.
- Single pay discount. For customers who pay their entire annual premium in one payment.
Based on our experience, these are 10 of the most valuable car insurance discounts available — but the specific discounts offered may vary by provider. Be sure to ask your broker to find out if they can offer these discounts and whether you qualify. You’ll be amazed by just how much you can save, and what you can do with all those savings!