What Discounts Does MetLife Offer for Car Insurance?

Last Updated on October 22, 2023

MetLife offers a range of car insurance discounts. By taking advantage of discounts, you can save over $1,000 per year on MetLife car insurance.

What discounts does MetLife have for auto insurance? Which MetLife discounts are available for policyholders like you? Today, we’re explaining the discounts available to MetLife car insurance customers. MetLife car insurance discounts

MetLife Multi-Vehicle Discounts

MetLife, like most insurance companies, offers a discount to policyholders with multiple vehicles. If you list multiple vehicles on one policy, you could save 10% to 15% overall. As long as the vehicles are registered to the same address, you should be able to list them under one policy and qualify for a multi-vehicle discount. This discount applies to vehicles owned by you, your spouse, a roommate, or anyone else registered at your address.

MetLife Insurance Bundling Discount

MetLife offers several insurance products, including auto insurance, homeowners insurance, renters insurance, life insurance, and more. If you buy multiple insurance products through MetLife, then you qualify for a bundling discount. MetLife lowers the price of all your policies by 10% to 20%, depending on the size and type of policies. Most insurers offer some type of bundling discount, and MetLife, like other insurers, rewards customers for bringing more business.

Employer and Affinity Group Discounts

MetLife is one of the world’s largest employee benefits companies. Businesses around the world get employee benefits through MetLife. If you are an employee or member of a certain affinity group, then you could save up to $600 per year on MetLife car insurance. You could qualify for these discounts if your employer uses MetLife for benefits programs. In many cases, you can qualify for these employer and affinity group discounts even if you leave the company, retire, or take a sabbatical. You receive MetLife benefits – and MetLife group or employer discounts – for life.

Mature Driver Discounts

MetLife gives a mature driver discount to drivers between the ages of 50 and 65. Statistics show mature drivers are less risky to insure. They make fewer claims, and they have decades of proven driving experience. MetLife rewards these safe drivers with lower insurance prices.

Restricted Mileage Discounts

MetLife offers low and restricted mileage discounts. If you drive fewer than 7,500 miles per year, then you could qualify for a low mileage discount. You spend less time on the road each year, which means you’re less likely to make a claim. The average American drives approximately 12,000 miles per year. If you drive significantly fewer miles, then you could qualify for savings. This discount is particularly popular among retired people or anyone who works from home.

Safety Features Discount

Cars with more safety features are safer to drive. If your car has factory-installed side airbags, automatic seatbelts, a high safety rating, and other safety features, then you could qualify for additional insurance savings with MetLife.

MetLife Good Student Discount

Most major insurance companies now offer good student discounts. If you are a full-time student under age 25 with a B average or higher, then MetLife will lower car insurance premiums by 5% to 15%. You must provide transcripts proving your good grades to qualify for this discount.

Higher Deductible Discount

If you raise your deductible with MetLife, then you’ll pay lower premiums. A typical deductible is around $500, although some drivers have deductibles of $1,000 or higher to lower their monthly insurance premiums.

Defensive Driver Training

If you have taken a defensive driver training course, then you could qualify for a discount with MetLife. Statistics show that drivers who complete driver safety courses are safer to insure, and MetLife gives you a discount of up to 7% in exchange for completing a registered course.

Household Safe Driver Discounts

If all drivers in your household are safe drivers and have remained accident-free, then you could save up to 20% on car insurance. MetLife assesses the risk profile of every driver in your household to calculate insurance premiums. Drivers with a proven history of safe driving will pay lower insurance premiums. If your entire household is accident-free for the past 5 years, then you could save up to 20% on car insurance. If your household is accident-free for the past 3 years, then you save 12% on car insurance.

Lease or Loan Payoff Discounts

If your vehicle is declared a total loss after an accident and you had a lease or loan for the vehicle, then MetLife will completely pay off the damaged vehicle. Instead of being forced to make payments for a car you can no longer drive, MetLife will pay off the vehicle – similar to how gap coverage works.

Diminishing Deductible Discount

For every year you go without making a claim or causing an accident, MetLife gives you $50 credit towards your deductible, up to a maximum of $250. That means if you do need to make a claim, you’ll pay a significantly lower deductible – or even no deductible at all.

Loyalty Discounts

Most insurance companies offer loyalty discounts – even if they don’t specifically advertise those discounts upfront. If you have been a loyal MetLife customer for years, then you could qualify for a loyalty discount. Insurers know it’s cheaper to retain a customer than obtain a new customer, so they give loyalty discounts to existing customers. Contact MetLife to ask about any available loyalty discounts – especially if you see cheaper insurance premiums from a different company in your area.

Other MetLife Discounts

MetLife offers many of the same discounts as other leading insurance companies. MetLife has a telematics program called My Journey that tracks your driving habits through an app and gives you a discount if you are a safe driver. With MetLife, you might also qualify for a discount by bundling snowmobile or ATV insurance into your MetLife car insurance policy, for example. Vehicles with strong safety ratings will have lower insurance premiums. Young female drivers will pay lower insurance premiums than young male drivers.

To check the best MetLife insurance discounts, request a quote online today or contact a MetLife agent. Many policyholders are surprised by the number of discounts available.

Final Word – MetLife Discounts

By taking advantage of auto insurance discounts, you can save hundreds – or even thousands – per year on car insurance. MetLife is one of the world’s largest insurers and employee benefits providers. With MetLife auto insurance discounts, policyholders can save over $1,000 per year while maintaining effective car insurance coverage.

Contact your MetLife insurance agent to ask about any of the discounts above.

James Shaffer
James Shaffer James Shaffer is a writer for InsurancePanda.com and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
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