How to Get a Persistency Auto Insurance Discount (2024)

Car insurance can be expensive, so ask your company if they offer a persistency auto insurance discount if you’re wondering how to lower your auto insurance rates. A persistency or loyalty auto insurance discount rewards customers who consistently renew their policy with the same insurance company.

Keep reading to learn how to get an insurance persistency discount and what companies offer persistency car insurance discount.

Persistency Auto Insurance Discount Definition

Some insurers provide a persistency auto insurance discount to encourage and reward policyholders loyal to the best auto insurance companies year after year. These persistency discounts can also be known as loyalty discounts.

The best auto insurance companies often work to help their policyholders get the best value insurance.

How to Get a Persistency Auto Insurance Discount

Speak with your insurance agent if you believe you qualify for a persistency auto insurance discount. Since each company differs in the time required to be eligible for this discount, you’ll want to check your policy. Some policies will include a persistency discount automatically when you receive your renewal rate.

With others, you’ll have to speak with an agent to learn how to get a customer loyalty auto insurance discount.  Talking with your insurance agent can be helpful if you cannot find information about a persistency car insurance discount on your renewal letter. When do I get my auto insurance renewal? Usually, your insurer will send a renewal letter at least one month ahead of time.

They can verify whether or not your current insurance company offers these persistency discounts, how long you need to keep your car insurance policy in good standing, and how much the value will be once you’re eligible. Read more about how to manage your auto insurance policy.

Persistency Auto Insurance Discount Eligibility

Individuals who stay with the same insurance company year after year are eligible for a persistency discount. Some insurance companies, like State Farm auto insurance, only require policies to be a year in length before a discount becomes available.

In contrast, others, like Ameriprise, require several years before a persistency auto insurance discount can be applied to a policy.

Read more: Ameriprise Auto Insurance Discounts for Members

Persistency Auto Insurance Discount Amount

The persistency discount amount will vary based on the insurance company but can be as high as 20%, depending on the company. For instance, Allstate offers loyal customers a 10% persistency car insurance discount. Inquiring with your insurance company can help you determine if your policy has a loyalty discount.

Read More: Allstate Auto Insurance Review

Transferring Persistency Auto Insurance Discount to a New Company

An insurance persistency discount cannot be transferred to your new auto insurance company. At one time, auto insurance laws requiring companies to accept a persistency discount for drivers with consistent coverage when buying a new policy with them were being considered, but none passed.

Remember that it may still be worth comparing rates with other companies even if you have a current persistency discount. Other auto insurance discounts could be used to get a better rate at a new company.

The best auto insurance companies often work to help their policyholders get the best value insurance.

Getting the Most Out of Persistency Auto Insurance Discounts

Persistency car insurance discounts can be a great way to save on your monthly auto insurance rates. Not all insurance companies offer these types of discounts, and the length of time an auto insurance policyholder needs to be in good standing to receive the discount varies.

Some companies automatically issue your persistency discount when sending your renewal information. Still, speaking to your insurance agent to ensure you get all the savings you qualify for on your policy never hurts.

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Getting a great rate with a loyalty discount can be wonderful, but you might be missing out on an even better rate through another insurance company. It can be a good idea to shop around by getting multiple auto insurance quotes to see the other rates available. Enter your ZIP code below to get started today with our free quote comparison tool.