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You can get a new vehicle discount for car insurance by owning a newer model vehicle. Four of the 10 largest insurance companies offer a new vehicle discount, though exact requirements and discount amounts vary.
New Vehicle Discounts by Car Insurance Company
| Insurance Company | Eligibility | Discount Amount |
| Drivers who own cars that are less than 3 years old | Up to 15% | |
| Drivers who own cars that are less than 2 years old and are the first owners of that vehicle | Amount varies | |
| Drivers who own cars that are less than 3 years old | Amount varies | |
| Drivers who own cars that are less than 3 years old | Up to 10% |
To learn more, check out WalletHub’s guide to car insurance discounts.
People also ask
Does Geico offer a discount for new cars?
Geico offers a new car discount of up to 15% if your vehicle is three model years old or newer. If you are already a Geico customer, you can add or replace a car on your policy online. Make sure to check that the new car discount is applied to your policy under “current discounts” in your customer dashboard. If you don’t see it automatically applied, you’ll have to call customer service at (800)-207-7847 to have your rate adjusted.
... read full answerDoes Progressive offer a new car discount?
No, Progressive does not offer a new car discount, unlike three of the 10 largest car insurance companies. But policyholders can still find other ways to lower their Progressive premium, such as by taking advantage of their multi-car discount, safe driver discount, or paperless discount.
For more information about saving on your insurance, check out WalletHub’s complete guide to Progressive discounts.
read full answerDoes State Farm offer a new car discount?
No, State Farm does not offer a new car discount, unlike three of the 10 largest car insurance companies. But policyholders can still find other ways to lower their State Farm premium, such as by taking advantage of their vehicle safety discount, passive restraint discount, or anti-theft discount.
For more information about saving on your insurance, check out WalletHub’s complete guide to State Farm discounts.
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