Several insurers offer discounts for cars with alarms, LoJack, or steering wheel locks, which can help prevent car theft. You can save on premiums if an insured student attends school at least 100 miles away and doesn't have access to the insured vehicle. Expensive cars, sports cars and cars with high theft rates are considered to be riskier to insure than cheaper and more practical vehicles. Auto insurance discounts are special offers from insurance companies that allow drivers to save up to 35% on their annual premium.
Four of the 10 largest insurance companies offer passive restriction discounts, and the requirements are generally the same among insurers. For example, California requires insurance companies to offer at least a 20% discount to all drivers who have been continuously insured for at least three years and who have one point or less on their driving record. Most insurance companies clearly advertise their auto insurance discounts, so you should always check your insurer's website to see if there are any discounts you can qualify for. Allowing an insurance company to track your actual driving habits, usually through a device connected to your car or a smartphone app, can offer substantial savings.
For example, drivers can get a discount of up to 15% if they insure a car that is three years old or younger. Most insurers offer customers an initial bonus for changing their coverage from another insurance company. You'll save on premiums with most insurance companies if you can show that you've had insurance for the previous six months. You can get a discount for driving defensively on car insurance if you complete an approved driver education course.
Homeowners are generally offered a discount on car insurance because they are considered to be financially stable. However, insurers in Hawaii, Massachusetts and Montana do not allow insurers to consider the customer's marital status when calculating their insurance premium.