What discounts does State Farm offer?

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Things to remember...
  • State Farm currently has more than 80 million active policies in the United States
  • This insurance company offers 19 unique discounts for auto insurance policies
  • There may be other ways for you to save money on auto insurance beyond discounts


Most drivers are legally required by their state to purchase auto coverage, and many drivers also have additional requirements imposed on them by their auto lender. Before you begin looking for an insurance provider, it is important that you learn more about the insurance requirements in place for you.

Remember that many drivers often will purchase more than the minimum coverage types and limits required, and this is because insurance can reduce your out-of-pocket expenses if you are involved in an accident or need to file another type of claim against your policy.

After all, any expenses not covered by your auto insurance policy are your financial responsibility. As you might imagine, it can be expensive to purchase the full amount of coverage that you need, and you may be wondering what you need to do to save money on your insurance.

Understanding What Factors Affect Car Insurance Rates

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Before you shop around and compare rates for coverage, it is important to understand why different auto insurance companies offer different rates. All insurance companies review the same basic factors to determine your rates, and these factors may include:

  • Your age and your gender
  • Your driving history and past claims status
  • Statistical information for your residential zip code
  • The distance you normally travel
  • The type of car that is being insured
  • Your desired coverage types and limits

While each insurance company may review the same factors to calculate rates, they each view these factors differently. For example, one company may not ding your rate if you had an accident two years ago, but another company may increase your rate if you have any accidents on your driving history within the last five years.

Learning How to Save Money on Car Insurance With State Farm

State Farm is one of the most popular auto insurance companies in the United States, and Canada. It currently has more than 80 million policies issued in these two countries, and 44 million of those policies are for auto insurance.

With State Farm’s popularity and exceptional reputation in the industry, you may be thinking about getting a quote for coverage from this insurer.

Like many auto insurance providers, State Farm offers numerous car insurance discounts that can help consumers to save money. Altogether, there are 19 unique discounts that you may qualify for, and learning more about each of these discounts may help you to identify ways to save money on car insurance with State Farm.

– Vehicle Discounts

Because of how important the insured vehicle is to the cost of a claim as well as to your potential risk for being involved in an accident, State Farm is one of the many insurance companies that offers auto insurance discounts that are related to the insured vehicle. These discounts are for:

  • Vehicle recovery
  • Passive restraint
  • An anti-theft feature
  • A newer vehicle
  • A driving device
  • Anti-lock brakes

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– Driver Discounts

While there are many possibilities to save money with State Farm through vehicle-related car insurance discounts, the insurance company does not stop there. It also offers a wide range of discounts associated with the driver, and these include:

  • Having good credit scores
  • Having a claims-free driving record
  • Being a defensive driver
  • Being a distant student
  • Being in the military
  • Being married
  • Being a homeowner
  • Driving a low number of miles regularly

– Billing Discounts

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You may be pleased to discover that State Farm also offers several discounts to policyholders based on how you set up your bills. For example, you may be able to save money on your auto insurance policy if you request paperless billing statements. Setting up an automated withdrawal for your premium can also result in a modest discount.

– Other Discounts Available

While these are the more common ways for drivers to save money on car insurance with State Farm, there are other discounts available as well. State Farm also offers life insurance and home insurance with competitive rates. If you obtain an additional type of coverage with State Farm and bundle your coverage together, you may qualify for a discount.

Another idea is to combine your coverage for multiple drivers or cars under one policy. Before you move forward with this option, consider shopping around to determine if a better is available for one of your vehicles or drivers through another insurance company.

Exploring Other Ways to Save Money on Car Insurance

Using State Farm’s car insurance discounts is a great way to save money on the coverage you need, there are other ways to save money as well. In fact, regardless of which provider you choose to buy your coverage from, you may be able to reduce your premium through these strategies.

– Raise Your Deductible

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An insurance deductible is only paid by the insured when you file a claim. The deductible amount can typically be selected by the insured within a reasonable limit. For example, you may be able to choose between a $250 to $1,000 deductible. When you request a higher deductible, your premium will be lower.

– Adjust Coverage Types and Limits

While nobody wants to be underinsured when they need to file a claim, you also should not pay for more coverage than is truly needed. Learn more about the different types of coverages and their benefits as a first step. Then, work with your insurance agent to set reasonable limits on your coverage.

– Move to a New Area

The zip code where you live plays a major role in your insurance premium. Statistical details regarding theft, accidents, commute times, and more are reviewed. In some cases, simply moving one or two zip codes over can result in tremendous premium savings.

– Buy a Different Car

Insured vehicles are also reviewed statistically. A vehicle’s power, acceleration speed, accident statistics, replacement value, and other details impact insurance rates. If you are preparing to buy a new car soon, ask your insurance company for quotes before deciding which make and model to buy.

– Improve Your Credit Rating

Insurance companies also review credit ratings before issuing a rate quote. Those with higher credit ratings may qualify for better insurance rates. Determine your current credit rating, and take steps to improve it over the next few months.

Getting Quotes for Coverage

Saving money on car insurance is a common goal. While you may want to get a quote from State Farm and explore discounts from this insurance company, it is wise to request several quotes from other reputable insurance providers as well.

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