Farmers Insurance Drl Discount Eligibility: Unlocking Savings With Technology

Farmers Insurance offers a wide range of discounts to its customers, including those for auto insurance. The availability and amount of these discounts vary by state, as each state has its own insurance laws and requirements. One notable discount is the bundling discount, which can save customers an average of 20% when they combine their home and auto insurance policies with Farmers.

Farmers also offers discounts for safe drivers, good students, distant students, youthful drivers, and more. Additionally, they provide discounts for vehicles with safety features such as anti-lock brakes, airbags, and anti-theft devices. Customers can also save by choosing electronic funds transfer, paying in full, or going paperless.

To find out which discounts you qualify for, it is recommended to contact a Farmers Insurance agent or review your policy online.

Safe driving discounts

Safe Driver Discount

Farmers Insurance offers a safe driver discount for drivers with a clean driving record, meaning no accidents or traffic violations within a certain period, usually three years. This discount can save you up to 20% on your policy.

Defensive Driving Course Discount

Farmers Insurance may offer a discount for completing an approved defensive driving course. Contact your Farmers Insurance agent to find out if you qualify and the amount of the discount. The discount is typically valid for three years and can be renewed by retaking the course.

Signal Program

Farmers Insurance has a usage-based insurance program called Signal, which offers an automatic 5% discount when you sign up. The Signal app tracks your driving behaviours and provides suggestions on improving your driving score, which can lead to higher savings of up to 15% at policy renewal. However, it's important to note that poor performance on the app may also lead to an increase in insurance rates.

Good Driver Discount

Farmers Insurance looks at your driving history for the past three years and offers a discount of up to 20% if there have been no accidents or violations.

Distant Student Discount

If you have a student on your policy who attends school more than 100 miles away and does not have regular access to a covered car, you may be eligible for a distant student discount of up to 14%.

Good Student Discount

Farmers Insurance offers a good student discount for students aged 16-24 who are enrolled full-time in high school or college and maintain at least a "B" average or a 3.0 GPA. This discount is typically around 10%.

Student discounts

Farmers Insurance offers a Good Student Discount to reward students who maintain excellent academic performance. Eligible students are usually those who achieve a B average or higher. This discount is available to students who are typically aged between 16 and 24, enrolled full-time in high school, college, or university, and unmarried. Proof of academic performance, such as a report card or transcript, may be required. The discount can save students up to 10% or more on their insurance premiums.

In addition to the Good Student Discount, Farmers Insurance offers other discounts that students may be eligible for, including:

• Multi-car Discount: Adding a teen driver to an insurance policy can be expensive, but adding multiple vehicles can help lower the cost of each individual vehicle.
• Safe Driver Discount: Students with a clean driving record may be eligible for this discount, which is available in select states.
• Auto/Renters Discount: Students living off-campus with renters insurance can bundle their renters and auto insurance policies with Farmers to receive a discount.
• Alternative Fuel Vehicle Discount: Students with eco-friendly vehicles, such as electric or hybrid cars, may be eligible for this discount, worth up to 10%.
• Anti-Theft Device Discount: Installing an eligible anti-theft device, such as an alarm system, can provide a discount on insurance premiums.
• Electronic Funds Transfer Discount: Signing up for automatic payments on insurance policies can result in a discount.

Affinity discounts

The Affinity Discount is part of Farmers' commitment to serving communities and professions. Farmers Insurance was founded in 1928 with the simple goal of insuring vehicles for rural farmers. Today, Farmers serves more than 10 million households with more than 19 million individual policies across all 50 states.

Discount availability varies by state of residency and type of insurance policy purchased. Affinity discounts are not the only way to save on Farmers Insurance. The company offers a range of discounts for customers, including:

• Multi-policy discounts
• Multi-vehicle discounts
• Good driver discounts
• Good student discounts
• Distant student discounts
• Paperless discounts
• Defensive driver discounts
• Alternative fuel discounts
• Payment discounts
• Anti-lock brakes discounts
• Anti-theft discounts
• Passive restraint discounts
• Homing device discounts
• VIN etching discounts
• Daytime running lights discounts

Vehicle safety discounts

• Anti-lock brakes discount: Farmers offers a discount for vehicles equipped with factory-installed anti-lock brakes. This discount is not available in all states and typically applies only to factory-installed, not aftermarket, anti-lock brakes.
• Anti-theft discount: If your car has alarms and other protective devices, Farmers offers a discount for anti-theft measures. This discount may not be available in all states.
• Daytime running lights discount: Farmers offers a small discount if your vehicle has daytime running lights, which are headlights that stay on all the time. This discount may not be offered in all states.
• Passive restraint discount: This discount applies to vehicles with factory-installed passive restraint devices such as airbags or automatic seatbelts.
• Homing device discount: Farmers offers a discount if your car has an approved tracking and location system. The system must be Farmers-approved for you to qualify for the discount.
• Vehicle Identification Number (VIN) etching discount: This discount is available if your car's VIN is etched on the windshield or other approved locations.

In addition to these vehicle safety discounts, Farmers also offers a Car Safety Features Discount, which provides a discount for each vehicle with certain safety features. This discount typically ranges from 5% to 10% on each eligible vehicle and includes features such as anti-lock brakes, passenger airbags, and active or passive alarm systems.

Payment discounts

Farmers Insurance offers a range of payment discounts to help lower your insurance premiums. Here are some of the key payment discounts offered by Farmers:

Full Payment Discount

If you pay for your entire insurance policy in one go, Farmers Insurance offers a substantial discount. This can result in significant savings on your premium. The amount of the discount may vary, but it is generally a percentage of the total premium.

Electronic Funds Transfer (EFT) Discount

Farmers Insurance provides a small discount if you set up automatic monthly payments for your insurance premium. This discount is known as the EFT discount and encourages customers to opt for automatic payments from their checking account each month.

Good Payer Discount

Farmers Insurance also rewards customers who consistently pay their insurance bills on time. The Good Payer discount is applicable if you have had no late payment fees within the previous 12 months. This discount is not available in California.

Multi-Policy Discount

Farmers Insurance offers a Multi-Policy Discount if you bundle multiple insurance policies with them. This typically applies when you combine homeowners or renter's insurance with auto insurance. The discount can be as high as 15% on both policies, providing significant savings. You can also get a Multi-Policy Discount if you pair your auto insurance with a life insurance policy or an umbrella policy.

Paperless Discount

Farmers Insurance encourages customers to go paperless by offering a small discount for those who enrol in ePolicy and accept the Go Paperless terms and conditions. This usually translates to receiving all your bills and statements online. The paperless discount is usually around 3% but can vary.

These payment discounts offered by Farmers Insurance provide opportunities for customers to reduce their insurance premiums. By taking advantage of these discounts, customers can save money on their insurance policies while still enjoying the coverage and benefits provided by Farmers Insurance.

Frequently asked questions