How to Get a Longevity Auto Insurance Discount (2024)

Sometimes companies have different names for longevity auto insurance discounts. Instead of calling these savings a longevity discount, they may call them a continuous coverage discount. You may find that a longevity program isn’t publicized and goes to good customers to keep them loyal to a specific company.

Some companies offer discounts if you have coverage with another company for many years and then switch to the new company. There are also customer loyalty auto insurance discounts based on the time you have a policy and whether you have multiple policies bundled together.

Continuous auto insurance coverage sometimes yields various benefits, like free emergency roadside assistance. We’ll discuss how to qualify for a longevity auto insurance discount and overview companies offering insurance savings for staying with the same company.

Companies With Longevity Auto Insurance Discounts

Several auto insurance companies offer discounts for various reasons. Longevity discounts are popular with the best auto insurance companies in the United States.

Allstate Longevity Auto Insurance Discount

You can find information about Allstate’s longevity auto insurance discount in our Allstate auto insurance review. This discount is under the Allstate Discounts, available as a policy-based discount for continuous coverage.

The amount of discount given depends on the state where you live. Also, if you bundle home and auto insurance, you can save up to 25%. Learn more about how to save money by bundling policies.

Progressive Longevity Auto Insurance Discount

Progressive auto insurance discounts include this discount when you switch to Progressive after having three or more years of continuous coverage from another company.

Geico Longevity Auto Insurance Discount

Geico auto insurance discounts include a loyalty discount along with many other discounts. The longer you stay with Geico, the higher the longevity discount.

Most auto insurance discounts help policyholders save around 10% on their monthly or annual rates. Since insurance companies often alter auto insurance rates and renewal discounts annually, these amounts are subject to change.

How to Qualify for a Longevity Auto Insurance Discount

Each auto insurance company has its specific procedures for requesting a longevity discount. Generally, customers will need to contact their auto insurance company directly to inquire about any discounts they may be eligible for, such as a longevity discount.

The customer may need proof of continuous auto insurance coverage for a certain number of years to qualify for a longevity discount. Checking these potential discounts each year is a good idea when renewing your auto insurance policy. So, when do I get my auto insurance renewal? Generally, companies must send renewal notices between 30 and 45 days prior to the policy’s expiration date.

Determining Whether Getting a Longevity Auto Insurance Discount Is Worth the Effort

To make a fair comparison when shopping for auto insurance, compare the rates after all possible discounts apply to determine the best deal. Learning how to manage your auto insurance policy and choose the best option is important when assessing the cost of your coverage.

Just because an insurance company offers a substantial longevity car insurance discount doesn’t mean the rate will be lower than another company. The rate may still be higher after applying the discount.

Suppose the rate before a 20% discount is 30% higher than the competitors. In this case, you’ll still pay more after applying the discount. Doing the math on any policy before you purchase auto insurance is important.

What to Consider About Auto Insurance Discounts for Long-Time Customers

The amount of time you must pay the higher rate until you qualify for a longevity auto insurance discount is something to consider.

If it takes five years to earn a discount and you pay a higher rate, it may take you considerable time before the long-term policyholder discount begins to recover the amount you spent on higher rates in the previous years.

There’s no guarantee that the same discounts will exist in the future. An insurance company may change its discount programs at any time, and all insurance companies assess the factors that affect auto insurance rates differently.

One way to prepare for this is to seek the best rate for an auto insurance policy without relying on any potential longevity discount for auto insurance. Then, if you ultimately qualify for a loyalty discount, you’ll be pleasantly surprised by the extra savings.

Ask for the Longevity Auto Insurance Discount

You may not get a longevity auto insurance discount unless you ask. Companies may offer dozens of discounts that only apply when customers ask for them, such as a good student auto insurance discount. So, contact your insurer to unlock insurance savings for staying with the same company.

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To ensure you get cheap auto insurance, ask your agent to prepare a policy that offers adequate coverage, an affordable auto insurance deductible, and all eligible discounts, including a longevity auto insurance discount.