The Travelers good driver discount is up to 23% for qualifying policyholders. To qualify for the Travelers good driver discount, drivers must be accident-free for three years. This can even include time that you've been insured by another company.
After you get into an accident, you will have to wait three years in order to qualify for the discount again. Additionally, accidents that are forgiven by Travelers accident forgiveness still count against your good driver discount, even though your base premium will not go up.
If you don’t qualify for Travelers’ good driver discount, there are still ways to save on your premium. For example, Travelers offers a multi-vehicle discount for drivers who insure more than one vehicle on their policy. You can also lower your rate by altering your coverage or increasing your deductible.
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 defensive driving discount for car insurance by completing an approved driver's education course. Seven of the 10 largest insurance companies offer a defensive driving discount, though exact requirements and discount amounts vary.
Defensive Driving Discounts by Car Insurance Company
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 … read full answerdriver monitoring discounts, paid-in-full discounts, and the AARP driver safety course discount because they usually aren’t automatically applied.
Hidden Auto Insurance Discounts
Low mileage or short commute discount
AARP driver safety course discount
Buy or renew in advance discount
Automatic or electronic payment discount
Driver monitoring discount
Hybrid or electric car discount
Anti-theft or Lojack discount
Farm vehicle discount
Car insurance companies do not fully disclose the formulas they use to calculate a driver’s premium. However, most states allow a driver’s demographic information, credit history, vehicle information, and driving record to affect rates. As a result, you could also get a “discount,” in the sense of getting a lower base premium, by changing one of these factors. For instance, car insurance is generally cheaper for married individuals because they are statistically likely to be low-risk.
Since your demographic information is unlikely to change, focus on improving your credit history and driving record if you want to lower your base premium. If your car is particularly expensive, fast or unsafe, trading it in for a safer, less valuable model will help lower your insurance premium, too. Similarly, increasing your deductible and eliminating any unnecessary coverage can also help save you money, acting like a hidden discount.
If you’re looking for extra savings, it’s worth double checking the most common car insurance discounts as well as the most often overlooked ones listed above. Finally, no matter how many discounts are being applied to your policy, it’s best to frequently compare quotes from different insurers.
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