Loyalty Auto Insurance Discount

If you and your insurance provider have a long history together, you might qualify for a loyalty auto insurance discount. Currently, 12 major companies offer an affordable loyalty auto insurance discount to customers who’ve stuck around for a handful of years. While eligibility rules and savings amounts vary from company to company, expect loyalty auto insurance discount rates to be 5.5% cheaper than average.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 15, 2021

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A Concise Overview

  • Currently, 12 national insurance companies offer a loyalty auto insurance discount
  • On average, drivers save 5.5% on their premiums with this loyalty discount
  • To qualify, you must remain with the same provider for a set number of years before the rate reduction is applied

If you’ve been with your insurance provider long enough to purchase insurance bundles, you might also be eligible for a loyalty auto insurance discount.

Some providers even reduce your rates after remaining a customer for as little as one year. Keep reading to discover what companies offer loyalty discount auto insurance and see how much you can save.

After learning about affordable loyalty auto insurance discounts, remember to enter your ZIP code into our free rate tool above to receive accurate quotes from the best providers near you.

What companies offer a loyalty auto insurance discount?

Experts recommend you shop around regularly for auto insurance to keep your rates low, but the average customer typically still uses their first provider.

If this sounds like you, then a loyalty discount is one of the best auto insurance discounts to ask for from your insurer.

Typically, customers save 5.5% on their annual rates with a loyalty discount.

Because the rate reduction is minor, sometimes you can earn more significant savings by seeking out coverage from a new provider rather than accepting the discount from your current one.

If you want to buy loyalty discount auto insurance, you have at least 12 national insurance providers to compare.

Take a look at a complete list of companies below, with savings information included where available:

  • American Family
  • Ameriprise
  • Amica – 5%
  • Country Financial
  • MetLife
  • Nationwide – 5%
  • Progressive
  • Safeco – 7%
  • The General
  • The Hartford – 5%
  • USAA

Keep in mind that each provider uses different eligibility requirements for earning this discount.

Your age, driving record, and coverage needs also impact your annual auto insurance premiums.

In fact, according to the most recent database report from the National Association of Insurance Commissioners (NAIC), State Farm, GEICO, and Progressive are the most popular American providers.

But State Farm doesn’t even offer a customer loyalty discount. So the truth is, using a loyalty auto insurance discount company may or may not be the best deal for you.

To accurately secure your cheapest auto insurance prices, compare quotes online from different providers, and don’t forget to ask about additional discount lists.

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What is a loyalty auto insurance discount?

A loyalty discount rewards drivers with a slight rate reduction for staying with the same company year after year.

Expect the eligibility requirements and benefits to vary substantially from one provider to the next.

For example, Country Financial provides a cheaper rate after one year of service, and after three years, you receive accident forgiveness.

However, Safeco promises a 7% rate reduction after two years if you add a teen driver or already have one on your policy.

Other companies apply loyalty or tenure rewards after only one policy year, like Progressive and USAA auto insurance.

This discount also often stacks with other savings opportunities. So if you’re insuring two cars or are a safe driver, you won’t lose your multi-car and safe driver rate reductions as a result of the loyalty discount.

Loyalty Auto Insurance Discount: The Bottom Line

If you’ve been with the same provider for a while that offers a loyalty discount, make sure you’re receiving those savings.

However, because the average rate reduction with this style of discount is only 5.5%, consider shopping around to see what better auto insurance rates are out there.

Now that you’ve compared loyalty auto insurance discount rates, you can enter your ZIP code into our free tool below to receive actual quotes from the top providers near you.

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