Early Signing Car Insurance Discount

You can save up to 15 percent on your car insurance with an early signing discount. However, each company will offer a different discount and have different requirements. For example, Allstate car insurance offers a 10 percent early signing discount and requires you to sign your new policy at least 10 days before your old policy expires. A lapse in car insurance leads to higher rates and legal penalties so take advantage of an early signing car insurance discount and avoid problems.

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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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The Rundown

  • An early signing discount can save you up to 15 percent
  • Many auto insurance companies offer a discount if you either renew or sign up for a new policy at least a week before your current policy expires
  • Allowing your car insurance to lapse can lead to higher rates and penalties if you drive without insurance

Car insurance companies want you to sign up for a new policy or renew your policy with them, and they offer incentives for you to that. One of those incentives is an early signing auto insurance discount.

However, each company will offer you a different discount. Before you buy car insurance with an early signing discount, shop around to find the best company for you.

Enter your ZIP code now to compare car insurance rates with an early signing discount today.

What is an early signing car insurance discount?

An early signing car insurance discount is just like it sounds. You receive a discount if you either renew your car insurance or sign up for a new policy before your old policy ends.

Car insurance companies offer an early signing discount as an incentive to keep you as a customer.

Most companies offer up to a 15 percent discount and require that you sign your policy at least a week before your current policy expires. Each company will have a different discount and time requirement so be sure to compare companies to find a great deal.

For example, with Allstate car insurance, you get up to a 10 percent discount on your first term when you sign up before your current policy is up. It is unclear if you can receive this Allstate insurance discount when your policy renews.

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Why is it a bad idea to allow your car insurance to lapse?

If you don’t have car insurance in place when your old policy ends, you will have a lapse in coverage.

Auto insurance companies like to see that a customer has continuous insurance so that your driving record is readily available. This is important since your driving record is one of the major factors used to determine your car insurance rates.

Also, if you allow your car insurance to lapse and continue driving, you can face steep penalties. Most states require at least a minimum amount of liability car insurance and driving uninsured leaves you responsible for damages and open to legal issues.

According to the Insurance Information Institute, 13 percent of drivers are uninsured. Those drivers face possible fines, driver’s license suspension, and jail time.

It’s much easier if you make sure you have auto insurance coverage in place before your current policy expires.

Early Signing Discount: The Bottom Line

An early signing discount can save you up to 15 percent if you sign your new policy at least a week early. Many times you can bundle this discount with others to save even more.

Discounts are an essential tool for cheap auto insurance. To find affordable car insurance with an early signing discount, compare rates from multiple companies for the best deal.

Enter your ZIP code to compare car insurance quotes with an early signing discount and find the best company for you.

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