# Insurance Discounts Reference

## Discount Categories


| #   | Discount                   | Typical Savings        | Eligibility Criteria                                                                                                                                                                                                    |
| --- | -------------------------- | ---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| 1   | Multi-car                  | 10-25%                 | Insure 2+ vehicles on same policy                                                                                                                                                                                       |
| 2   | Multi-policy bundle        | 5-25%                  | Bundle auto with home/renters/umbrella insurance. Homeowners get maximum savings                                                                                                                                        |
| 3   | Military/veteran           | 5-15% (USAA up to 40%) | Active duty, veterans, military families. Check USAA first — typically cheapest. GEICO also strong military discounts                                                                                                   |
| 4   | Good student               | 5-15%                  | Students under 25 with 3.0+ GPA. Provide transcript                                                                                                                                                                     |
| 5   | Telematics/usage-based     | 5-40%                  | Install app/device to track driving habits. Programs: Progressive Snapshot, State Farm Drive Safe & Save, Nationwide SmartRide (up to 40%), Allstate Drivewise. Best if you drive safely and not during high-risk hours |
| 6   | Anti-theft device          | 5-25%                  | VIN etching, LoJack, factory alarms, vehicle recovery systems                                                                                                                                                           |
| 7   | Defensive driving course   | 5-10%                  | Complete state-approved course (often available online for ~$25-50). Provide completion certificate                                                                                                                     |
| 8   | Pay-in-full                | 5-14%                  | Pay 6-month or full annual premium upfront instead of monthly                                                                                                                                                           |
| 9   | Autopay/EFT                | 2-5%                   | Set up automatic bank draft payments                                                                                                                                                                                    |
| 10  | Paperless/e-billing        | 2-5%                   | Opt into electronic documents and billing                                                                                                                                                                               |
| 11  | Homeowner                  | 3-8%                   | Homeowners are seen as lower risk even without bundling. Available regardless of where home is insured                                                                                                                  |
| 12  | Mature driver (55+)        | 5-10%                  | Complete AARP Smart Driver or similar course. Check The Hartford for AARP partnership rates                                                                                                                             |
| 13  | Loyalty/long-term customer | 3-10%                  | Stay with same insurer for 3+ years. BUT: re-shop every 2-3 years as loyalty tax can outweigh loyalty discount                                                                                                          |


## Estimated Combined Savings


| Eligible Discounts | Typical Combined Savings |
| ------------------ | ------------------------ |
| 4+ discounts       | 20-40% off base premium  |
| 2-3 discounts      | 10-25% off base premium  |
| 1 discount         | 5-15% off base premium   |


Note: Discounts don't always stack additively. The combined effect is usually less than the sum of individual percentages.

## Pro Tips

- Ask each insurer specifically about ALL their discounts — many are not automatically applied
- Agents sometimes forget to mention discounts they could apply
- Some discounts require proof (transcript, course certificate, anti-theft documentation)
- Telematics programs offer the highest potential savings but require sharing driving data
- Pay-in-full is one of the easiest "free money" discounts if you have the cash flow