Alyssa Lane
State Farm offers a range of discounts on its auto insurance policies, which can help customers save a significant amount of money. These discounts are categorised into three groups: safe driver discounts, vehicle safety discounts, and customer loyalty discounts. Safe driver discounts include incentives for accident-free driving records, good students, and those who educate themselves on driving safety. Vehicle safety discounts are available for cars with modern safety features, such as airbags and anti-theft alarms. Finally, customer loyalty discounts are offered when multiple vehicles or insurance policies are insured with State Farm. The availability and eligibility of these discounts vary by state, so it is recommended to check with a State Farm agent for specific details.
What You'll Learn
Defensive driving course discount
Defensive driving courses are a great way to improve your driving skills and save money on your auto insurance rates. State Farm offers a defensive driving course discount that can help you save on your insurance premium. Here's everything you need to know about the defensive driving course discount with State Farm:
Eligibility Criteria:
To be eligible for the defensive driving course discount with State Farm, you must meet certain criteria:
- You must be the principal driver of the vehicle.
- You should have voluntarily taken and completed an approved driving safety course within the last three years.
Approved Courses:
Not all driving safety courses are approved for the discount. The approved courses may vary by state, but here are some general guidelines:
- Courses approved by the state or local authorities: For example, in Texas, any driving safety course approved by the Texas Education Agency (TEA) or taught through a TEA-approved school or course provider is eligible.
- National Safety Council (NSC) Defensive Driving Course: State Farm has partnered with the NSC to offer this course, which is available online or in a classroom setting. The course focuses on hazard recognition, collision avoidance, and defensive driving techniques.
Discount Amount:
The amount of discount offered by State Farm for completing a defensive driving course can vary depending on your state and other factors. In some cases, it may be a flat discount, while in others, it may be a percentage off your insurance premium. For example, in Texas, drivers may save 5% on applicable coverages.
How to Apply the Discount:
To apply the defensive driving course discount to your State Farm auto insurance, follow these steps:
- Contact your local State Farm agent to confirm your eligibility and determine the specific requirements and approved courses in your state.
- Enroll in an approved defensive driving course. You can check with your State Farm agent or refer to the State Farm website for a list of approved courses in your area.
- Successfully complete the course. Make sure to obtain a certificate of completion, as you will need to present it to your State Farm agent.
- Submit the certificate of completion to your State Farm agent. They will guide you through the process of applying the discount to your auto insurance policy.
Remember, the defensive driving course discount is just one of the many ways to save with State Farm. Be sure to explore other discounts offered by State Farm, such as good driver discounts, student discounts, and more, to maximize your savings on auto insurance.
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Student discounts
State Farm offers a Good Student Discount, which can save you up to 25% on your auto insurance. To qualify, a student must be a full-time high school or college student, maintain a 3.0+ GPA (or B average), and be under the age of 25. This discount can last until the student turns 25.
Home-schooled students may also qualify for the Good Student Discount by submitting evidence of having taken certain national standardized tests administered within the past 12 months and ranked in the upper 20%.
State Farm also offers a Student Away at School Discount, which applies to students under 25 who move away for school and only use the car while at home during school vacations and holidays.
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Discounts for multiple vehicles
State Farm offers a multi-car insurance discount of up to 20% if you insure two or more vehicles in your household. This discount is available to families with multiple household vehicles. The vehicles must be owned by related or married individuals.
The multi-car discount can be combined with other State Farm discounts, such as the multi-line discount, to maximize your savings. For example, if you have a State Farm home or renters insurance policy and insure multiple vehicles with the company, you can stack the 20% multi-car discount with the 17% multi-line discount.
In addition to the multi-car discount, State Farm offers various other auto insurance discounts, including:
- Safe driver discount: State Farm may reward you for maintaining an accident-free driving record or for enrolling in the Drive Safe & Save® program, which offers an initial discount just for signing up and up to 30% savings based on your driving behaviour.
- Good student discount: Students who maintain a 3.0 GPA or higher can save up to 25% on their insurance rates.
- Defensive driving course discount: Completing a driver safety course may qualify you for a discount, depending on your location.
- Accident-free discount: State Farm offers a discount of up to 25% if you have had an auto insurance policy with them for at least three consecutive years without a chargeable accident.
- Vehicle safety discount: If your vehicle has modern safety features, such as factory-installed airbags, you may be eligible for a discount of up to 40% on medical-related coverage.
- Low-mileage discount: Policyholders who drive less than the national average can save up to 30% on their insurance rates.
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Discounts for bundling insurance policies
State Farm offers a bundling discount for customers who combine the purchase of a homeowners, renters, condo, or life insurance policy with auto insurance. The company does not specify a percentage but claims policyholders could save up to $1,273 per year by bundling.
State Farm also offers a multi-car insurance discount of up to 20% for customers who own multiple vehicles.
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Discounts for vehicles with safety features
State Farm offers a range of discounts for vehicles with safety features. These discounts can be stacked with other discounts to help you save even more on your auto insurance.
Adaptive Cruise Control
This feature monitors traffic conditions and adjusts your speed by controlling the throttle and brakes, ensuring your vehicle maintains a safe distance from the vehicle in front of you.
Electronic Stability Control
Electronic stability control systems prevent vehicles from skidding out of control and rolling over when drivers have to steer hard or turn on slippery roads. This technology uses sensors and a computer to monitor how well your vehicle responds to steering and then automatically applies the brakes to keep the car under control.
Lane Departure Warning
Lane departure warning systems use cameras to track your car's position and alert you if your vehicle drifts out of its lane.
Forward Collision Warning
This system uses sensors to recognize when a collision may occur, such as when your vehicle is approaching the car ahead too quickly. It may apply the brakes or take other actions to protect you and your passengers.
Daytime Running Lights
Daytime running lights are headlights that turn on automatically when you start your car. They improve your visibility to other drivers and pedestrians, reducing the risk of daytime head-on and front-corner collisions.
Anti-Lock Braking System (ABS)
Anti-lock brakes help prevent your car from skidding by maintaining traction between the tires and the road. This safety feature is now standard equipment on all passenger vehicles.
Airbags
Airbags, including frontal and side airbags, are standard in almost all cars. The more airbags your vehicle has, the higher your discount is likely to be.
Automatic Seat Belts
Although less common in newer models, automatic seat belts can also qualify for a discount. These motorized belts fasten automatically when the car is started or the door is closed.
Passive Restraint Systems
Passive restraint systems refer to features such as automatic seat belts and driver-side and passenger-side airbags, which are activated without any action required from the driver.
Tire-Pressure Monitoring Systems
If you have a 2008 or newer model vehicle, it likely has a tire-pressure monitoring system. This feature not only improves safety and maintenance but can also help you save fuel.
Anti-Theft Devices
Anti-theft devices, such as alarm systems, are favoured by insurance companies as they reduce the risk of your vehicle being stolen. This, in turn, lowers the potential costs for the insurance company.
Stolen Vehicle Recovery Systems
Systems like LoJack help police officers locate your vehicle if it's stolen, increasing the likelihood of recovery. This reduces the risk for your insurance company, which may result in lower premiums for you.
Remember that the availability of discounts and their amounts can vary by state and insurance company. Be sure to speak with a State Farm agent to determine which safety features qualify for discounts and how you can maximize your savings.
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Frequently asked questions
State Farm offers various discounts on auto insurance, including:
- Drive Safe & Save®: Save up to 30% by enrolling in the Drive Safe & Save program, which tracks your driving behaviour through your smartphone or OnStar® device.
- Steer Clear®: If you're a new driver or under 25 years old, you may qualify for the Steer Clear program, which offers savings while you learn to become a better and safer driver.
- Good Student Discount: Students who maintain good grades (a 3.0+ GPA, are ranked in the top 20% of their class, or are named to the Dean's List/Honor Roll) can save up to 25% on their insurance rates.
- Accident-Free Discount: Maintain an accident-free driving record with State Farm for at least 3 consecutive years to qualify for a discount of up to 25%.
To determine your eligibility for State Farm auto insurance discounts, it's best to contact a State Farm agent directly. They can review your policy, driving history, and personal information to assess which discounts you may be eligible for.
State Farm auto insurance discounts are available in most states, but the specific discounts and their availability may vary depending on the state. It is recommended to check with a State Farm agent or visit their website to see which discounts are applicable in your state.
Yes, you can combine multiple discounts on your State Farm auto insurance policy as long as you meet the requirements for each discount. Combining discounts can help maximize your savings on insurance premiums.
