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The car insurance company that offers the most discounts is Farmers Insurance, followed by American Family and Liberty Mutual. Notable car insurance discounts from Farmers include safe-driver, multi-policy, and good-student discounts. American Family and Liberty Mutual both offer student-away-at-school and paperless discounts, among many others.
Number of Discounts Offered by Each Major Car Insurance Company
| Company | Number of Discounts |
| 23 | |
| 18 | |
| 17 | |
| 16 | |
| 15 | |
| 14 | |
| 13 | |
| 13 | |
| 12 | |
| 11 |
It’s important to note that more discounts does not always mean lower premiums. For instance, you may be able to get a better overall rate from Geico than from American Family. Even though Geico offers fewer discounts, it may provide lower base rates. Similarly, discount amounts can be just as important as the number of discounts. As a result, it’s a good idea to compare multiple quotes when purchasing a car insurance policy.
To learn more, check out WalletHub’s complete guide to car insurance discounts.
People also ask
How can I get a discount on my car insurance?
You can get a discount on your car insurance from most insurers by driving safely, paying your entire premium in one lump sum, signing up for paperless billing, or bundling coverage. Auto insurance companies usually offer a range of discounts based on things like customer loyalty, careful driving, and vehicle safety. Some discounts are applied automatically, but it’s always worth asking your insurer if there are additional discounts you might be eligible for.
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Common reasons for high car insurance costs include your driving record, age, coverage options, where you live, the car you drive, your credit history or not taking advantage of discounts. The average car insurance premium has also become more expensive as it increased by more than 50% in the past 10 years.
8 Reasons Why Your Car Insurance Is So Expensive
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