The Drive Safe and Save program does a usage-based analysis and then determines how much you could save on your premium. Determining if the Drive Safe and Save program is worth it for you will depend on your daily driving habits, how much you are saving now, and a few other factors. Initially, the company only offered this discount opportunity to owners of vehicles with third-party monitoring systems like OnStar, but now you can also download a mobile phone app from their website.
State Farm can also send you a tracking device if you do not have OnStar or the mobile app. The device plugs into the diagnostic port, which means you can only use them on vehicles manufactured after Once you download the app or install the device, you will leave it there for a set amount of time, and you can track your driving habits and current data on the app as well as their website.
With State Farm, it is more than just mileage they are looking at; instead, they want to track your overall driving habits to see how safe you are and if you are a low-risk individual. The less risk for an accident, the more likely State Farm is to give you the discounts you deserve.
Regardless of what results you receive from the monitor, your premiums will not go up. Some areas State Farm monitors include: How much you accelerate and brake at a fast pace. Are you the type that comes to a stop last minute? Do you tend to gun it at a green light? These habits are considered reckless and high risk , which means State Farm may not lower your premium much — if at all.
The more hard brake and fast accelerations you have listed on your record, the less likely you are to save much from the program. How quickly you turn and the speed at which you turn.
State Farm also monitors if you slow down for turns, how sharp you are, and the overall speed at the time of the turn. State Farm is not only popular in the United States; it is ranked highly in Canada as well. It currently has more than 80 million policies issued in these two countries, and 44 million of those policies are for auto insurance. While maintaining a clean driving record will help keep your rates low, the best way to minimize your State Farm insurance rates is by qualifying for discounts.
Like many other auto insurance providers, State Farm offers numerous auto insurance discounts that can help consumers to save money. The table below shows available auto insurance discounts from State Farm. If the specific savings amount was available, we included it in the table.
Check it out. As you can see, many discounts may be available for your State Farm auto insurance. The company offers 20 unique savings opportunities for its clients, and these savings can stack.
How much is the State Farm safe driver discount? This is also known as the State Farm drive safe and save program. You can either use OnStar or download the State Farm drive safe and save app to save up to 30 percent, according to the company website. You can also save 15 percent by keeping your driving record clean. There most certainly is. The company will knock off 25 percent from your total premium if you maintain a B average as a student.
In fact, State Farm is known for its many commercials that discuss how everybody is eligible for some of the available discounts through this provider. Auto insurance for parked cars is needed now more than ever, with more people working from home and fewer drivers commuting. This State Farm Covid discount provides a 25 percent credit to customer bills. You want to trust that the claims process is easy and reliable when buying from an insurance provider.
See the table below for more details. As you can see from the scores above, State Farm is considered to be in a very positive financial position. This means, in the event of an economic downturn, the provider will still be able to pay out any of your open claims. But State Farm is a great company to add to your list of potential providers. Some auto insurance discounts can be applied to you as the driver, and others will be applied to the type of vehicle you drive. The type of car you drive can impact your auto insurance rates.
This is because it can heavily affect the cost of any claims you file, and can increase or decrease your potential risk of being involved in an accident. State Farm is one of the many insurance companies that offer auto insurance discounts that are related to the insured vehicle.
Check out the table below to see the specific vehicle-based discount options provided through State Farm. If the specific savings amount is available, it is included in the data. For example, adding anti-theft devices will minimize your risk of having your car stolen, which the company rewards you with a discount. If your car has any of the above safety features, inform your State Farm provider so all appropriate discounts can be applied to your policy.
While there are many possibilities to save money with State Farm through vehicle-related auto insurance discounts, the insurance company does not stop there. It also offers a wide range of discounts associated with you, the driver. See the driver-based discounts offered through State Farm in the table below. If the specific savings amount is available, it has been included in the data. You can qualify for discounts through State Farm for being a good student, for getting married, and even for being a homeowner.
You can also save through the drive safe and save State Farm program. Through OnStar or the app, State Farm drive safe and save grades your safe driving, and provides you with an appropriate discount. Usually, it amounts to about one to two percent for every miles less than the average. According to the U. Department of Transportation Federal Highway Administration , the national driving average is 13, miles annually. Additionally, customers who drive 2, miles yearly or less can get a larger discount of around 45 percent through State Farm.
Once again, inform your State Farm agent about any driver discount you believe you qualify for so the savings can be applied to your policy.
You may be pleased to discover that State Farm also offers a small discount to policyholders based on how you set up your bills. Billing discounts are another easy way to lower your auto insurance premiums. While vehicle and driver discounts are the most common ways for drivers to save money on auto insurance with State Farm, there are other savings opportunities available as well.
State Farm 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 up to a 17 percent discount. Putting multiple vehicles under the same auto insurance policy will provide you with another 20 percent discount.
Before you move forward with building and multi-car discounts, consider shopping around to determine if a different insurance provider is a better fit for you and your needs. Each company offers different discounts and calculates overall rates using different equations. Comparison shopping will help you confidently find the best provider for you. But there are other ways to save money on your auto insurance as well. The best companies will provide you with cheap rates as well as proper protection and great customer service.
Regardless of which provider you choose to buy your coverage from, you may be able to reduce your premium through the follownig strategies. If you carry comprehensive or collision coverage, there will be a deductible associated with these types of policies. The deductible is the amount you pay out of pocket before the provider steps in to cover the rest. The deductible amount can typically be selected by the insured within a reasonable limit.
When you request a higher deductible, your monthly premium will be lower. However, be careful not to increase your deductible too much, or it might make relying on your insurance provider difficult. 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. If your car is parked in a driveway more often than not, you might not need collision coverage, for example.
However, comprehensive coverage, which protects your vehicle from damage caused when the car is parked, would still be worthwhile. Learning more about the different types of coverages and their benefits is a great first step. Pick and choose coverage options you need, and customize a policy for yourself.
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