10 Best Auto Insurance Companies That Offer Cash Back for Safe Drivers in 2024
Allstate, USAA, and Progressive stand out as the best auto insurance companies that offer cash back for safe drivers, with rates starting as low as $120/mo. If you're looking to get rewarded with a safe driver bonus for maintaining a clean driving record, explore leading auto insurance companies in your area.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: May 3, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: May 3, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Avg. Monthly Rate for Safe Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Avg. Monthly Rate for Safe Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Avg. Monthly Rate for Safe Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Allstate, USAA, and Progressive are the best auto insurance companies that offer cash back for safe drivers.
Unlocking rewards for safe driving not only promotes road safety but also helps you save on auto insurance premiums. Top insurance providers now offer innovative programs that reward drivers for their safe habits behind the wheel. From cashback incentives to bonus checks, these rewards can significantly reduce insurance costs while encouraging responsible driving behavior.
Company | Rank | Multi-Vehicle Discount | A.M. Best | Best For | Jump to Pros/Cons |
---|---|---|---|---|---|
#1 | 25% | A+ | Customizable Rewards | Allstate | |
#2 | 10% | A++ | Customer Service | USAA | |
#3 | 10% | A+ | Usage Discounts | Progressive | |
#4 | 17% | A++ | Safe Driving | State-Farm | |
#5 | 20% | A+ | Accident Forgiveness | Nationwide | |
#6 | 12% | A | Deductible Rewards | Liberty Mutual | |
#7 | 10% | A++ | Driver Discounts | Travelers | |
#8 | 15% | A | Telematics Savings | Farmers- | |
#9 | 25% | A | Loyalty Rewards | American Family | |
#10 | 15% | A | Driver Perks | Safeco |
Enter your ZIP code to explore rates and discover how you can benefit from auto insurance with safe driving rewards.
- Allstate, USAA, and Progressive offer cash back for safe drivers
- Safe driving rewards promote road safety while saving money on insurance rates
- Cashback and discount programs can lead to annual savings of up to 35%
#1 – Allstate: Top Overall Pick
Pros
- Wide Range of Coverage Options: Allstate offers various coverage options to suit different needs. Explore our review of Allstate auto insurance to see which coverage options are available in your state.
- Diverse Discounts: Allstate offers a variety of driver-based, vehicle-based, and policy-based discounts.
- File Claims via Mobile App: In addition to filing claims online, customers can file claims using Allstate’s mobile app.
- Bonus Refund Check for Safe Driving: Drivers who maintain a clean driving record with no accidents receive a safe driver refund check every six months.
Cons
- Higher Rates: Some customers may find Allstate’s rates to be higher compared to other auto insurance companies.
- Poor Customer Service Ratings: Allstate auto insurance has been reported to have lower-than-average customer service ratings.
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#2 – USAA: Best for Customer Service
Pros
- Outstanding Customer Service: USAA is known for its exceptional customer service and responsiveness.
- Competitive Rates: Compared to other auto insurance companies, USAA offers lower rates for its members. Our USAA auto insurance review provides detailed insurance rate breakdowns for customers of varying profiles.
- Financial Stability: USAA has a strong financial standing, providing peace of mind to policyholders.
- Member Benefits: Members get access to various benefits and discounts.
Cons
- Limited Eligibility: USAA membership is restricted to military personnel, veterans, and their families.
- SafePilot Not Available in All States: The USAA SafePilot program is only available in 37 states.
#3 – Progressive: Best for Usage Discounts
Pros
- Usage-Based Discount: Progressive offers discounts based on driving behavior through programs like Snapshot. Learn more about the Snapshot program in our Progressive auto insurance review.
- Variety of Discounts: A wide range of discounts are available, including for safe driving and multi-policy bundling.
- User-Friendly Technology: Progressive’s website and mobile app are easy to use for managing policies and claims.
- Online Quotes: Drivers can quickly and easily get an online quote to compare rates from Progressive to rates from other auto insurance companies.
Cons
- Limited Agent Support: Progressive primarily relies on online and phone interactions, lacking in-person agent support for some customers.
- Expensive Coverage for Teen Drivers: Progressive has expensive rates for full coverage for teen drivers.
#4 – State Farm: Best for Safe Driving
Pros
- Safe Driving Rewards: State Farm offers discounts and rewards for safe driving habits through programs like Drive Safe & Save.
- Extensive Network of Agents: With a vast network of agents, State Farm provides personalized service and support.
- Strong Financial Stability: State Farm has a high financial rating, ensuring stability and reliability.
- Customizable Policies: Offers customizable policies to tailor coverage to individual needs. Check out a complete list of coverage options in our review of State Farm auto insurance.
Cons
- Higher Rates for Certain Drivers: Rates may be higher for certain demographics or regions compared to other insurers.
- Limited Digital Tools: State Farm’s online platform may not offer as many features and functionalities as some competitors.
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#5 – Nationwide: Best for Accident Forgiveness
Pros
- Accident Forgiveness: Nationwide offers accident forgiveness to qualifying customers, preventing rate increases after an accident.
- Extensive Coverage Options: Provides a wide range of coverage options to meet different needs.
- Multi-Policy Discounts: Offers discounts for bundling auto insurance with other policies like home or life insurance. A full list of discounts is available in our review of Nationwide auto insurance.
- Affordable Coverage for Drivers with Bad Credit: Poor credit typically negatively impacts insurance rates, drivers who choose Nationwide can get enjoy affordable coverage.
Cons
- Mixed Customer Reviews: Some customers report challenges with claims processing and customer service experiences.
- Rideshare Coverage Not Available: Rideshare coverage is not an option with Nationwide.
#6 – Liberty Mutual: Best for Deductible Rewards
Pros
- Deductible Rewards: Liberty Mutual offers deductible rewards, reducing deductibles for every claim-free policy period.
- Nationwide Coverage: Provides customizable policies in all 50 states and Washington, D.C.
- User-Friendly Technology: Liberty Mutual’s website and mobile app are easy to navigate for policy management.
- Variety of Discounts: Offers various discounts, including for safe driving and multi-policy bundling.
Cons
- Higher Rates for Younger Drivers: Rates may be higher for drivers under 25 compared to other insurers.You can review potential rates for younger drivers in our Liberty Mutual auto insurance review.
- Poor Credit Can Negatively Impacts Rates: Drivers with poor credit scores will likely see high rates with Liberty Mutual
- High Monthly Average Rates: Compared to other auto insurance companies, Liberty Mutual has higher rates for full coverage.
#7 – Travelers: Best for Driver Discounts
Pros
- Driver Discounts: Travelers offers various discounts for safe driving, including for good students and defensive driving. Our Travelers auto insurance review provides a complete list of available discounts.
- A++ A.M. Best Rating: Travelers has a strong financial standing, ensuring stability and reliability.
- Nationwide Availability of Auto Insurance Coverage: Travelers offers coverage in all 50 states and Washington, D.C.
Cons
- Rate Increases for Poor Driving Habits: Participating in Travelers’ IntelliDrive Program has the potential to raise rates if drivers receive low scores on the app.
- Limited Rideshare Coverage Availability: Travelers rideshare insurance is only available in two states.
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#8 – Farmers: Best for Telematics Savings
Pros
- Signal Discount: Farmers offers savings opportunities through telematics programs like Signal, allowing drivers to save 15% when signing up and an additional discount of up to 20% based on driving habits, which is applied at policy renewal.
- User-Friendly Technology: Farmers’ website and mobile app are easy to navigate for policy management and claims filing. Our auto insurance review of Farmers provides further details on the mobile app and its capapilities.
- Multi-Policy Discounts: Offers discounts for bundling auto insurance with other policies like home or renters insurance.
Cons
- Higher Than Average Rates: Farmers has the most expensive average monthly rates for full and minimum coverage.
- Coverage Unavailable in Select States: Farmers offers car insurance coverage across the majority of states, excluding Alaska, Hawaii, Delaware, New Hampshire, Maine, Rhode Island, West Virginia, Vermont, and Washington D.C.
#9 – American Family: Best for Loyalty Rewards
Pros
- Loyalty Rewards: American Family offers rewards and discounts for long-term policyholders.
- Diverse Coverage Options: Provides a wide range of coverage options to meet different needs.
- Low Rates for Safe Drivers: Drivers with clean records can enjoy lower-than-average rates.
Cons
- Unfavorable Reviews for Claims Handling: Customers report difficulty with the claims handling process.
- Only Offers Coverage in 19 States: American Family only operates in 19 states. Take a look at our American Family auto insurance review to see where coverage is available.
#10 – Safeco: Best for Driver Perks
Pros
- Driver Perks: Safeco offers various perks for policyholders, such as roadside assistance and rental car coverage.
- Add-on Coverage Options: Provides a wide range of add-on coverage options, including rental reimbursement, pet coverage, and new vehicle replacement. A full list of add-on coverage options can be found in our auto insurance review of Safeco.
- Safeco RightTrack Program: Safeco’s RightTrack program offers up to 25% savings by tracking driving habits.
Cons
- Limited Discounts: Compared to other auto insurance companies,Safeco offers fewer discounts.
- Online Quotes Require an Agent: To obtain an online quote, customer must work with an auto insurance agent.
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What auto insurance companies are best for safe drivers?
Car insurance rates are calculated differently from company to company. It can sometimes be difficult to discern exactly which company is the best choice within your budget.
Auto insurance companies consider various factors like your driving history, vehicle type, and coverage preferences to calculate rates. Ideally, you would be able to create a customized plan, ensuring coverage suits your needs and budget.Tracey L. Wells Licensed Auto Insurance Agent & Agency Owners
Securing cheap auto insurance rates is sometimes easier said than done. However, comparing the leading insurance providers in the country can help demystify the process.
Insurance Provider | Average Monthly Rate (USD) |
---|---|
Allstate | $211 |
Farmers | $177 |
Geico | $142 |
Liberty Mutual | $215 |
Nationwide | $149 |
Progressive | $147 |
State Farm | $117 |
USAA | $106 |
According to this data, USAA and State Farm typically offer the cheapest rates for good drivers. Remember, your personal rates may vary. This information does not take other additional discounts and cash back programs into account.
Slightly higher auto insurance rates from companies that offer cash back for safe drivers can be excused in favor of later cash back payouts.
For example, Allstate does not have the lowest rates upon first glance, but safe drivers can enjoy cash back in the form of a safe drivers bonus refund.
Auto insurance quotes from companies that offer cash back for safe drivers do not include the savings you can make over time. With these added bonuses, it’s easy to lower your monthly rates with just your safe driving habits.
Auto Insurance Companies That Offer Cash Back for Safe Drivers
Allstate is one of the few auto insurance companies that offer cash back for safe drivers through the safe drivers bonus refund. But, what is the safe drivers bonus refund?
The safe drivers bonus refund is a program for Allstate customers who do not file a claim within a certain period of time.
Essentially, drivers will receive a bonus check for every six months they go without an accident. Allstate customers can opt into the safe drivers bonus refund program online or through their agent.
How much is the safe driving bonus from Allstate?
The safe drivers bonus refund does have some limits and restrictions. Through the program, a safe driver can receive up to 5% of their policy insurance premium. This amount is then applied to their renewal policy.
For example, a driver that pays $500 total for their six months of car insurance coverage is then eligible to receive $25 for their next policy term.
Auto Insurance Companies That Don’t Offer Cash Back for Safe Drivers
Most car insurance companies will provide substantial benefits for safe drivers. However, many of them do not include direct cash back programs.
The Insurance Information Institute indicates that securing a good discount on your car insurance can go a long way.
Insurers like Farmers, Liberty Mutual, and Nationwide, among others, only provide discounts to a safe driver’s policy. While these are not exactly as rewarding as a check in the mail, they can still help you save big.
Best Auto Insurance Discounts for Good Drivers
Utilizing car insurance discounts is a great way to cut down on your insurance costs. These discounts are special offers that can help you save up to 35% on your annual premium. Many companies offer a variety of discounts, including policy, driver, and vehicle discounts.
Here is a comprehensive overview of six car insurance discounts you should ask about to save:
Auto Insurance Discounts for Installing an Anti-Theft Device
Having or installing an alarm, LoJack, or steering wheel locks can all help prevent your vehicle from being stolen. These added safety features better protect your investment, and providers will offer between 5% to 25% in savings.
Auto Insurance Discounts for Multiple Vehicles on the Same Policy
Having multiple vehicles on the same policy helps save on paperwork and costs. If you have multiple vehicles associated with the same address, it may be best to save the hassle and combine your coverage.
These discounts typically save drivers between 10% to 25%.
Auto Insurance Discounts for Bundling Multiple Insurance Policies
Similarly to multi-vehicle discounts, bundling other insurance policies can help you save on your overall costs. If you choose to use the same insurer for your homeowners, renter’s, home, life, and/or car insurance, you can expect to save between 1% to 15%.
Auto Insurance Discounts for Good Students
Maintaining a good GPA can help you or your teens save on your insurance costs. Limitations vary, but you can expect to save anywhere from 5% to 20% just by hitting the books.
Auto Insurance Discounts for Low Mileage
For a pay-as-you-go approach, you can opt into allowing your insurance company to track your driving habits and mileage over time. You can learn more in our Hugo auto insurance review. These factors are usually monitored through a smartphone app or a small device in your car.
Drivers who opt into these programs see savings of up to 30% annually.
Auto Insurance Discounts for Defensive Driving Classes
Defensive driving courses are a great investment for new and seasoned drivers alike. These classes usually take about four to eight hours of time to review safety information, better driving techniques, and driving laws.
Insurance companies will provide a 5% to 20% defensive drive auto discount annually for drivers who complete defensive driving courses.
If you’re ready to buy auto insurance from companies that offer cash back for safe drivers, enter your ZIP code below to instantly compare car insurance rates near you for free.
Frequently Asked Questions
How can being a safe driver benefit me?
Your driving record is one many factors that affect auto insurance rates. Being a safe driver can get you lower rates and earn you cashback on insurance, which saves you money and reduces the risk of accidents for yourself and others.
What is cashback car insurance, and how does it work?
Cashback car insurance is a policy that rewards safe driving behavior by offering a portion of the premium back as cash. Drivers earn cashback on car insurance by maintaining a clean driving record and avoiding accidents or traffic violations.
Does car insurance with cash back really exist?
Yes, many insurance companies offer cashback incentives to safe drivers as part of their insurance policies. These cash back insurance rewards encourage responsible driving habits and help lower insurance premiums.
How can I get cash back on my car insurance?
To receive cash back on your car insurance, you typically need to enroll in a policy that offers cashback rewards for safe driving. Drive safely, avoid accidents, and adhere to traffic laws to qualify for insurance cashback offers.
How much is the safe driving bonus check from Allstate?
The amount of the safe driving bonus check from Allstate varies depending on factors such as driving history, coverage options, and eligibility criteria. Typically, it rewards policyholders who remain accident-free for a specified period.
What is the Allstate Safe Driving Bonus Program?
The Allstate Safe Driving Bonus Program is a reward program that offers auto insurance discounts or cashback incentives to policyholders who demonstrate safe driving habits. This may include avoiding accidents, obeying traffic laws, and participating in safe driving programs.
Which insurance companies offer cashback for car insurance?
Several insurance companies, including Allstate, Progressive, and USAA, offer cashback incentives for car insurance to encourage safe driving behaviors. Cash back car insurance rewards vary by insurer and may include a safe driver bonus, discount, or, refunds.
What are safe driver refunds and bonuses?
Safe driver refunds and bonuses are rewards offered by insurance companies to policyholders who maintain a clean driving record. These incentives may come in the form of cashback checks, discounts on premiums, or credits toward future insurance payments.
What are the benefits of choosing auto insurance that gives you money back?
Car insurance that gives you money back incentivizes safe driving behavior, helps lower insurance premiums, and provides financial incentives for responsible drivers. It encourages drivers to prioritize safety on the road and rewards them for doing so.
How can I find the best car insurance for safe drivers with cashback offers?
To find the best car insurance for safe drivers with cashback offers, compare policies from different insurers, consider the available types of auto insurance, cashback incentives, and discounts available. Look for reputable insurance companies that prioritize safe driving rewards and customer satisfaction.
Do auto insurance quotes include savings over time from cash back programs?
No, auto insurance quotes from companies offering cash back for safe drivers usually don’t include savings over time. Cash back and discounts are additional benefits based on safe driving habits.
Are there restrictions on the Allstate safe drivers bonus refund program?
Allstate’s safe driving bonus program has limits for its refunds. It provides up to 5% of the premium paid over six months as a refund for safe driving.
How much can I save with car insurance cash back and discount programs for safe drivers?
Auto insurance rates vary, but car insurance cash back and discounts for safe drivers can help save up to 35% annually on car insurance rates.
Explore potential rates with best car insurance for good drivers today by entering your ZIP code.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.