The Best Discounts to Ask for on Your Insurance
Insurance is one of those essentials we hope to never use, but deeply value when the need arises. Whether it’s health, auto, home, or life insurance, securing the right coverage brings peace of mind. But there’s another kind of peace—financial—that many overlook: discounts. And the good news is, insurers often offer more than you might expect.
In this post, we’ll explore some of the best insurance discounts to ask for. A calm, informed approach with your insurer can lead to meaningful savings over time.
1. Bundling Policies
One of the most common and generous discounts comes from bundling multiple policies with the same provider. For instance, if you have both auto and homeowners insurance with the same company, they’ll often offer a multi-policy discount—sometimes as much as 20%.
Tip: Even bundling renters insurance with auto insurance can make a difference.
2. Good Driver Discount
Safe driving pays off—literally. Many auto insurers offer lower rates to those with a clean driving record over the past three to five years. This often includes no accidents, traffic violations, or claims.
Tip: Some providers offer accident forgiveness or reward programs that help maintain your discount even after a minor incident.
3. Low Mileage Discount
If you drive less than the average number of miles per year—often under 7,500 to 10,000 miles—you may qualify for a low-mileage discount. This is particularly relevant for remote workers or retirees.
Tip: Some companies use telematics or apps to track your mileage for more accurate savings.
4. Home Safety Discounts
Homeowners insurance providers often reward efforts to reduce risk. Installing security systems, smoke detectors, water leak sensors, and deadbolt locks can all contribute to lowering your premium.
Tip: Keep receipts or documentation of installation for verification.
5. Good Student Discount
For households with young drivers, this discount can help offset higher premiums. Most insurers offer savings to full-time students who maintain a GPA of 3.0 or higher, or are on the honor roll or dean’s list.
Tip: Proof of grades each semester is usually required to keep the discount active.
6. Loyalty or Long-Term Customer Discount
Many insurers reward customer loyalty. If you’ve been with the same provider for a number of years, you may qualify for a loyalty discount.
Tip: Even if you’re happy with your provider, it’s wise to compare rates every few years to ensure your loyalty is still being rewarded fairly.
7. Pay-in-Full or Automatic Payment Discount
If you’re able to pay your premium in full instead of in monthly installments, you could save. Likewise, setting up automatic payments from your bank account can also lead to small but worthwhile discounts.
8. Professional or Organizational Affiliation Discounts
Belonging to certain professional organizations, alumni associations, unions, or even working in specific fields (like teaching, military, or healthcare) can make you eligible for special group rates.
Tip: Check with both your insurer and your organization’s benefits department.
9. Claim-Free Discount
If you’ve gone several years without filing a claim, insurers may offer reduced rates. This discount reflects your lower risk profile and can be a great incentive to avoid small claims.
Final Thoughts
The best way to uncover savings is to simply ask. When speaking with an agent or reviewing your policy online, inquire about all applicable discounts. A calm, curious tone goes a long way—and so do the savings.
Remember, the goal isn’t to cut corners, but to reward mindful behavior and smart planning. Insurance is about protection, and getting the most value from your premium is a protection in itself.