Marissa Hayes is a technical editor and contributing writer. She holds a Bachelor’s Degree in history, and she was the editor of the literary magazine, The Bluestone Review.

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

Full Bio →

Reviewed by Daniel Walker
Licensed Car Insurance Agent

UPDATED: Jul 19, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

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.

The usual discounts that will be considered by an insurance agent would be group, multiple cars, or decrease in coverage. Insurance rates can also go down because the value of your car depreciates. That is, unless it is a collector’s car or the market value remains high.

Group discount is when you get a group together and apply as a group. This is often done by companies and fleet owners. Individuals can do this as well if there is a common bond between the persons joining the group. For instance, a family group discount or a community organization with more than 5 members all agreeing to apply with the same insurance carrier.

Multiple Car insurance refers to one owner with several cars. You can request for either a lower rate or other possible options like a no increase for 2 years, etc. Discounts are more welcome from loyal customers so it would be a good idea to build a history with one insurance company if you want a sizable discount.

Related Content

How are policies priced out for different drivers?

If I decide to add a name to my policy will it increase?