What is a Good Driver Discount on Auto Insurance?
Good drivers represent less of a risk for auto insurance companies. People with clean driving records are less likely to get into accidents in the future, so insurance companies may offer them a good driver discount on their monthly insurance premiums. People should note, however, that every insurance company has its own definition of a “good driver.”
How Much You’ll Save
Insurance companies offer their discounts based on different scales. Some offer a 2% discount for every year you don’t have an accident, with a maximum discount of 20%. Others judge over three or five-year driving periods, offering a certain discount for three years of safe driving and a higher discount for five years. Generally, discounts max out at 20%.
How to Qualify for a Good Driver Discount
Qualifying for a good driver discount can get complicated. In short: qualifications vary by company. Insurance companies look at your driving record, naturally, but they may also look at other factors like your job, where you live, credit history, age, marital status, gender, among many other factors.
When to Request a Discount
If you’ve had your license for at least three years, have no more than one violation point, have not been involved in any accident in the past seven years, and have not been convicted of a DUI or DWI, you may qualify for a good driver discount. Check with your insurance company about their process for being considered.
If You Don’t Qualify
Even if you don’t qualify for a good driver discount, being a good driver still pays off. All of the same factors used to award good driver discounts go into calculating your monthly premium. The better you drive, the lower your costs, even without the discount. And if you drive responsibly, eventually you will likely qualify for the discount.
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