Auto Insurance Study Shows Biggest Discounts, Best States for Saving Money


Foster City, Calif. (PRWEB) October 21, 2013

Auto insurance companies use discounts to compete for business and keep current customers happy. But how hard will you have to search to find a discount, and how much money can you expect to save?

Insure.com analyzed the availability and savings potential of 49 discounts in every state for several large car insurance carriers, collecting data on 24,988 potential discounts nationwide.

This discount information is now searchable in an easy-to-use car insurance discounts tool on the Insure.com website. Results are personalized to show discounts for which users are likely to be eligible.

The right discount can knock hundreds of dollars off your car insurance bill, said Insure.com editorial director Amy Danise. But some may not be worth switching companies for. Drivers should also take into account that an insurer offering a big discount might also have a high base rate. That means you might save less than you expected.

Missouri, Connecticut, Indiana and Wisconsin have the most potential discounts, with savings available more than 32 percent of the time. (See list below.)

Hawaii and North Carolina have the lowest number of available discounts, with carriers offering only 14 percent and 13 percent, respectively, of the discounts surveyed.

How discount-friendly is your state?

Heres a look at the availability of the 49 discounts surveyed:

1. Missouri – 33.1%

2. Connecticut – 32.6%

3. Indiana – 32.3%

4. Wisconsin – 32.1%

5. Iowa – 31.7%

6. Kansas – 31.3%

7. Oklahoma – 31.1%

8. Nebraska – 30.2%

9. Pennsylvania – 30.1%

9. Kentucky – 30.1%

11. Ohio – 30%

12. Arizona – 29.9%

13. Alabama – 29.8%

14. Colorado – 29.7%

15. Maryland – 29.2%

16. South Carolina – 29.2%

16. New Mexico – 29.2%

18. Oregon – 28.6%

19. Florida – 28.4%

19. Tennessee – 28.4%

21. Illinois – 28.2%

22. Maine 28.2%

23. Arkansas 28.2%

24. California 28.1%

25. Minnesota – 28%

26. New Hampshire – 27.8%

27. North Dakota – 27.4%

28. Nevada – 27.3%

29. Mississippi – 27.2%

30. West Virginia – 27%

31. Georgia – 26.9%

31. Utah 26.9%

31. Virginia 26.9%

34. Idaho – 26.7%

35. Washington – 26.4%

36. Delaware 25.9%

37. Alaska 25.2%

38. South Dakota – 23.7%

39. Montana – 23.5%

39. New Jersey 23.5%

41. Washington, D.C. 23.3%

42. Wyoming – 23%

43. Rhode Island – 22.9%

44. Texas 22.1%

45. Louisiana – 21.4%

46. Vermont – 21.2%

47. Michigan – 20.9%

48. Massachusetts – 20.5%

49. New York – 20.3%

50. Hawaii – 14.5%

51. North Carolina – 13.2%

Good students (under age 25) can garner some the richest discounts around. Marital status and low annual mileage also ranked highest for average savings. But the amounts can vary widely, with some auto insurance companies offering savings topping 25 percent while others offer single-digit savings for the same discount.

How big will that discount be?

Average discount savings (nationwide):

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