Car and Renters Insurance Discounts

Most providers offer car and renters insurance discounts, especially to policyholders with multiple lines of coverage. Drivers can qualify for certain car insurance discounts with a good driving record or by limiting the number of miles they drive a month. Tenants can qualify for renters insurance discounts simply based on where they live, where they work, and by installing additional security devices. See which car and renters insurance discounts you qualify for in our free guide below.

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Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Jul 16, 2021

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One of the best ways to save money on insurance is to qualify for as many discounts as you can. For renters and car owners, these are many different discounts available, including multiple policy and customer loyalty discounts that come from using the same insurance company for more than one policy or keeping the policy through multiple renewals.

Here are some of the most common car and renters insurance discounts available along with a brief description of what each one is for.

General Discounts

Some discounts are applied to several different lines of insurance. For example, you can get a multi-policy discount for having two or more policies written by the same insurer.

If you have renewed a policy a few times, you may also qualify for a customer loyalty discount, and both renters and car insurance companies may award you with a discount for remaining claim-free over a period of time.

While it is not specifically a discount, adjusting your deductible upwards can lower premiums, and works in relatively the same way across most lines of property or liability insurance.

Personal Discounts

Personal discounts are those which relate to your specifically, and the same discount may or may not be used across multiple insurance lines such as renters and car insurance.

Your credit score is a good example of a personal discount, but there are many others which could be just as important. This is only a partial list of possible discounts, and not all of them may be offered by every insurance company.

  • Your credit Score
  • Your CLUE report
  • Education level
  • Your Occupation
  • Your marital status
  • Where you live

Renters Insurance Discounts

One of the best discounts you can get on renters insurance is to have a security system that is monitored off-site. Lacking that, dead bolts, burglar bars, or a fence are all possible discounts. The more secure you can make the apartment; the lower your insurance rates will be, because reducing the risks means lowering your own costs.

Car Insurance Discounts

Car insurance has more ways of getting cheaper insurance quotes than any other line of coverage. You can receive discounts on everything from the braking system to the type of car you’re driving, and then some. There is even a discount you can get for taking a driving course, and all discounts are cumulative, so the more you can get, the less your premiums will be.

  • Your driving history
  • Voluntary driver improvement course
  • 2 doors or 4 doors
  • The make and model of the car
  • Safety features built into the car
  • How far you drive
  • Where you drive

These are not all of the discounts available for renters and car drivers, but they provide a broad spectrum of the types of discounts available. Keep in mind that some discounts are not available in all states or from all insurance providers.

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