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Common Car Insurance Discounts You Might Be Missing Out On


Nobody wants to overspend on car insurance. However, there are millions of consumers currently paying more than they have to for coverage. Are you one of them? If you don’t know the answer, you need to focus on reviewing your policy and considering any changes that could save you money. In many cases, you may be eligible for discounts related to your policy. Of course, if you want to take advantage of these you need to speak with your agent.

One of the most common car insurance discounts is related to having multiple cars on the same policy. If you have more than one vehicle, it goes without saying that you should use the same insurance company. By doing so, you are in position to not only save money but to cut back on organization issues related to having more than one car insurance provider.

Do you currently purchase another type of insurance through your car insurance company? This could be anything from home to life to renters insurance. In this case, you should qualify for another discount. Most companies are willing to offer a discount to consumers that buy more than one policy from them.

What about the good student discount? If you currently purchase car insurance for a high school or college age child, you may be surprised to learn that you can get a huge discount – but only if the student is currently receiving good grades. In most cases, car insurance companies want to see a 3.0 GPA or above.

You may qualify for certain car insurance discounts based on groups that you belong to. Are you part of the military? Have you served in the past? If so, you are probably going to get a discount on your policy. Along with this, many college alumni groups have setup car insurance discounts with providers.

You have to Ask

Many people trust their car insurance company so much that they never ask about discounts. In turn, they end up missing out on big savings year after year. Although your provider may tell you about some discounts, there is a good chance that they are holding back on others. Unless you take the time to call your agent and discuss every possible discount, you may be coming up short in this area.

No matter how many car insurance discounts you qualify for, each and every one is well worth it. Even if you only save a couple of dollars a month, this can really add up over the long term.

Most car insurance companies have a long list of discounts. Just how many you qualify for depends on your personal situation. As noted above, though, you have to discuss discounts with your provider if you plan on saving as much as possible.

Which car insurance discounts are you currently receiving? Review your policy and then call your agent for more information.

Common Car Insurance Discounts is a guest post by Chris at Car Insurance Comparison.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. I used to flat out say what they needed to hear to get a discount. Many many years ago I would say I was married with kids. I would also say I lived in a house with a garage and that my car had an alarm on it which was used mostly on the weekends. Discounts were pretty nice after all was strategically said and done.

    • While it is nice to get discounts, I would advise telling the truth. There must be some sort of reprocussion if they find you out, right?

  2. A few years ago, I called my insurance company to see if I could get a better rate on my auto insurance. I found out that since I drove less than 7,500 miles per year, I qualified for a discount. I also received a discount for belonging to a professional organization. Making the call is definitely worth it since you, generally, only have to make it once and you save money indefinitely.

    • Very true Shawanda! Thanks for the comment!

  3. I just shop around every 2-3 years and usually end up saving a few hundred dollars. I would prefer to be loyal and stick with one company for a long time, and you would think that would get you the best rates, but it hasn’t for me.

    • It would just be easier to stick with your current company wouldn’t it? What if you showed them a lower quote? I bet they would come down in price to keep your business.

  4. We had been with the same insurance agencies for like 7 years when I finally shopped around and realized we’d been throwing away money. Even with all the same discounts in place, so really, shopping around is huge. I will make sure and do that from now on at least every couple of years.

    • Thanks for the personal example Deanna!

  5. Shopping around every couple of years is a great tip to make sure you are getting the best price and coverage you can as so much can change within insurance companies.

    Nice article Derek!

    • Glad you liked it! Thanks for the comment!

  6. That’s a really good tip…I have actually failed to shop around over the last few years. Need to do that as we have blemish free records.

    • Sometimes it pays to stay with your current insurance company though, especially when they don’t realize you’ve had some blemishes and the other companies do….. I’ve had that.

  7. We use our insurance broker every time our car insurance is up for renewal. He is able to get us a better quote than our current insurance company is offering – so we see if our current company is willing to match it. If not – we’ll switch to the cheaper company (so long as they provide the coverage we need and they have a good history of business)

    • Hey, if he can get you a better quote, then that sounds like a good plan of attack to me! 🙂

  8. Good points. I like the one about mileage, it is easy to forget about a how a drop in driving can save us on our car insurance. One of the areas many people forget about, especially when buying a new car, is how fast our car depreciates. Almost 30% in the first and up to 50% after three years. This drops the value of the car we are insuring substantially and should drop the price we pay on our premiums. If we don’t shop around occasionally our car insurance companies typically will not pass these savings on.

    • That is the one that typically gets forgotten (the mileage that is). My truck is not driven very often, and it’s clearly represented by our insurance costs. 🙂

  9. I almost planning to have a car insurance on my new car, but it seems so expensive because of the brand, my wife said it doesn’t matter how much it is, at least it is secured, that’s why I satisfy to have it.

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