What Discounts Does Auto-Owners Offer for Auto Insurance?
Last Updated on July 20, 2023
Auto insurance companies are always fighting for your business in the United States. One of the ways insurance companies attract customers is by offering discounts.
Auto-Owners is a Michigan-based insurance company that is one of the largest auto insurance providers in America. If you are an Auto-Owners policyholder or you are considering buying auto insurance from Auto-Owners, you might be wondering about what discount options are available from the company.
What discounts does Auto-Owners offer for car insurance? Do you qualify for any of these discounts? Continue reading below to learn all about Auto-Owners’ discounts.
Table of Contents:
- Paid-in-Full Discount
- Safety Features Discounts
- Student Discounts
- Multi-Car Discount
- On-Time Payment History
- Multi-Policy Discount
- Choosing a Higher Deductible
- Green Discount
This is one of the most popular ways to save on auto insurance, and it is offered by most companies. If you decide to pay your annual policy in a lump sum as opposed to monthly installments, you can receive a discount on the overall cost of the policy. Obviously, this will require you to spend more on your auto insurance upfront, so make sure taking advantage of this kind of discount fits in with your budget as a whole.
Safety Features Discounts
Does your vehicle have built-in safety features that help you stay safe on the road? Not only are those features great for keeping you safe, but they can also get you a discount on your policy with Auto-Owners.
The good news here is you don’t necessarily need to have anything particularly high-tech or advanced to get a break. Even relatively commonplace features like airbags and anti-lock brakes may allow you to secure a lower rate.
It’s hard to make money as a student. So much of your time is tied up in your studies that you may struggle to find enough hours in the day to earn an income and pay bills. Fortunately, companies like Auto-Owners offers student discounts to help you make ends meet.
For example, if you manage to maintain at least a ‘B’ grade average, you can get up to 20% off the normal price of your policy with Auto-Owners’ good student discount.
If you are willing to sacrifice a bit of privacy, you can save even more money. Auto-Owners has a telematics device that can be installed in the vehicle of a teen driver so their behavior on the road can be monitored. Safe driving, as observed by the device, will be rewarded with an insurance discount.
Do you have more than one car to insure? This is the case for many families, especially if you have two people in the home going to and from work each day. If there are at least two cars in your driveway, ask for the multi-car discount from Auto-Owners. Placing both cars on the same policy may qualify you for a break on the insurance rate as opposed to covering them separately.
On-Time Payment Discount
This is a discount that will take some time to kick in, but it can be a nice bonus when you reach this point. You’ll need to be covered by Auto-Owners for 36 months to get this discount, and you need to make your payment on time in each of those 36 months.
The best way to make sure you stay on track for this discount is to set up automatic payments on your account. It’s easy to forget to send in your payment if you have to do it manually each month, so set it up to happen automatically and then forget about it. Three years later, your payments will be on time and you will be eligible for a nice discount.
Another possible discount that is available from many insurance companies is a multi-policy discount. This is just as it sounds – if you hold more than one policy with Auto-Owners, you can get a break on your rate as a whole.
Despite the name of the company, Auto-Owners actually offers a full range of insurance policy options, not just vehicle coverage. Included in their offerings are life insurance policies, homeowners, pet owners, renters, and many more.
Choosing a Higher Deductible
You will have to choose whether or not you would like to make this discount available based on how much risk you’d like to take on. If you are willing to accept a higher deductible on your policy, you can be rewarded for that choice by enjoying lower premiums.
This discount needs to be considered on a case-by-case basis. Some people will prefer the security of having a low deductible, and they won’t mind paying a little bit more each month for their policy premiums. However, if you don’t mind adding some risk while being rewarded with a lower premium, this discount might be right for you.
By doing a favor for the environment, you can also save yourself some money on your auto policy. This discount is quite simple – you can get a small break on your premium by enrolling in paperless billing and by paying your bill online rather than mailing in a check.
There are a couple of ways you can benefit from using this discount. For one thing, you will get a slightly lower bill, which is always nice. Additionally, there is a convenience in things like paperless billing and online bill pay. Rather than having to keep track of the paper trail used to pay your bill, you can just do it on your computer and streamline the whole thing.
Auto-Owners offers a broad spectrum of discounts that cater to various types of drivers and their unique circumstances. Whether it’s the Paid-in-Full discount for those who can afford an upfront payment or the Student Discounts that ease the financial burden on learners, Auto-Owners provides opportunities to reduce premiums. They reward good driving habits, eco-friendly practices, and even timely payments, ensuring that as a policyholder, you have many options to save. By understanding these discount options, you can customize your policy to match your lifestyle and pocket, making Auto-Owners a compelling choice for your auto insurance needs. Contact Auto-Owners today to see which discounts you qualify for.