The State Farm multi-policy discount is up to 17%. Customers can qualify for the State Farm multi-policy discount by purchasing insurance for a vehicle as well as a homeowners, renters, condo, or life insurance policy from State Farm. The company usually applies the multi-policy discount automatically, but policyholders can always call customer service to ask if the discount has been added to their account.
Besides the multi-policy discount, State Farm offers several other ways for customers to save. For instance, policyholders can take advantage of a multi-car discount, which can save drivers up to 20%. Other discounts include good student, good driver, and driver training discounts.
You can get a good driver discount for car insurance by keeping a clean record for several years. Eight of the 10 largest insurance companies offer a good driver discount, though exact requirements and discount amounts vary.
You can get a State Farm good student discount if you have at least a B average (3.0+ GPA). Student drivers can save up to 25% as long as they are 16-25 years old and enrolled full-time in high school, college, or homeschooling. Homeschooled students can also qualify if they score in the top 20% of a national test such as the PSAT, SAT, or ACT.
To find hidden auto insurance discounts, look up your insurance company’s discounts online, check your state’s mandatory discount laws, and contact your insurance agent or the company’s customer service department. Since discounts vary significantly by location and company, discounts might be “hidden” in that they are not widely advertised, like a buy-in-advance discount. Similarly, some of the most commonly overlooked auto insurance discounts are driver monitoring discounts, paid-in-full discounts, and the AARP driver safety course discount because they usually aren’t automatically applied.
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