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The best customer loyalty insurance discounts can be found at American Family, Allstate, and Progressive.
Customer loyalty discounts are generally given to customers who stay with a company for an extended period of time and are claims-free.
| Company | Rank | A.M. Best | Loyalty Discount | Time Required |
|---|---|---|---|---|
 |
#1 | A | 18% | 5 Years |
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#2 | A+ | 15% | 3 Years |
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#3 | A+ | 13% | 3 Years |
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#4 | A | 12% | 5 Years |
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#5 | A++ | 11% | 3 Years |
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#6 | A++ | 10% | 3 Years |
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#7 | A | 10% | 5 Years |
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#8 | A++ | 9% | 5 Years |
 |
#9 | A+ | 8% | 3 Years |
 |
#10 | A++ | 6% | 5 Years |
Since loyalty discounts are one of the genius ways to save money on insurance, read on to learn how to qualify for the best loyalty discounts at the top insurance companies.
Want to shop for affordable insurance coverage today? Use our free quote tool to get started.
What You Should Know
- American Family has an 18% customer loyalty discount
- Customers must stay with a company for a number of years to earn the discount
- Auto insurance companies with loyalty discounts also bundle with home policies
How to Get a Customer Loyalty Insurance Discount
Does staying loyal to an insurance company pay off? Insurance companies value long-term customers and offer customer loyalty incentives like customer loyalty discounts as a way to encourage retention.
To obtain a customer loyalty discount at most insurance companies, you typically need to maintain your policy with the same company for a set period of time. The time period differs among providers, but it often ranges from one to five years.
To qualify for customer loyalty discounts, you will likely need to actively renew your policy without any coverage lapses.
Companies will have different qualification guidelines, so it's a good idea to check with your insurance company to inquire about available loyalty discounts and how to qualify.
Pros and Cons of Staying With an Insurance Company
Sticking with the same company can offer several benefits to customers. Customer loyalty discounts make coverage more affordable, and some insurance companies also offer other perks to loyal customers, such as rewards programs and gift cards.
Loyalty discounts may not provide the biggest savings, but when combined with the best good driver car insurance discounts, safe drivers can save a lot of money on their premiums.
What are the disadvantages of loyalty programs? The downside of staying loyal to a company is that customers may miss out on a better deal by not shopping around periodically.
Customers should also weigh the fact that while rates might look low with the loyalty discount when getting a quote, they could get hit with a rate increase after their next renewal.
Rate increases can be due to inflation, changes in a driver's record, adding a vehicle, and several other rate factors.
More Ways Insurers Reward You for Being Loyal
When looking for the best insurance companies that offer customer loyalty discounts, several providers stand out for rewarding long-term clients with hefty loyalty discounts.
American Family is our top pick, with a 18% customer loyalty discount on insurance.
Allstate and Progressive also have high customer loyalty discounts (Learn More: Allstate vs. Progressive Insurance). The popular insurance companies on our list also offer other rewards for customer loyalty.
For example, they offer a variety of insurance options and offer a bundling discount if customers purchase more than one type of insurance from them, such as home or business coverage (Read More: Best Car & Homeowners Insurance as Rated by Customers). Take a look at what you can save with a bundling discount at the top loyalty discount companies.
| Insurance Company | Bundling Discount | Bundle Options |
|---|---|---|
|
25% | Auto, Condo, Home, Motorcycle, Renters |
|
25% | Auto, Home, Renters |
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20% | Auto, Boat, Condo, Home, Life, Motorcycle, Renters |
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25% | Auto, Home, Renters |
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25% | Auto, Home, Renters |
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20% | Auto, Boat, Condo, Home, Life, Motorcycle, Renters |
|
10% | Auto, Home, Renters |
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17% | Auto, Boat, Condo, Home, Life, Renters |
|
13% | Auto, Condo, Home, Renters |
|
10% | Auto, Home, Renters |
Carrying all your coverages at one company means you are more likely to stick around, and the company gets more business, which is why they discount rates.
Take a look at other loyalty rewards you may be able to earn below.
- Accident Forgiveness: Some companies will forgive an at-fault car accident accident if a loyal customer has been with the company for a while and has been claim and ticket-free.
- Generational Discounts: A few companies like American Family will offer a discount if your parents have had coverage as well.
- Continuous Coverage Discount: Making sure there are no lapses in your coverage due to late renewal or missed payments could earn you a small discount.
Perks and discounts will vary by insurance company, so make sure to ask your company what they offer to loyal customers.
Save on Insurance With a Loyalty Discount
The best customer loyalty insurance discounts are are easy to get. You simply need to stick with an insurance company without coverage lapses for a specific period of time to qualify.
You can ask your insurance company directly how many renewal periods it will take for a loyalty discount to go into effect.
American Family has the biggest loyalty discount on car insurance at 18%. It also offers additional car insurance discounts for teachers and other professionals. Whether you are looking for health insurance discounts or car insurance discounts for teachers, shopping around will help you determine if a loyalty discount truly offers the best deal for you.
If you want to find affordable insurance rates today, without waiting for a loyalty discount to go into effect, enter your ZIP code in our free quote tool.
Frequently Asked Questions
How can I get a customer loyalty discount?
Wondering how do you qualify for a loyalty discount? It depends on your insurance company's requirements, but generally, you need to stay with the insurance company for at least one renewal period to qualify.
What are loyalty discounts?
Loyalty discounts are discounts given to loyal policyholders who stay with a company. You don't need to be a loyal customer to find savings, however. Shop for cheap insurance today with our free tool.
Which insurance companies have the best customer service?
USAA insurance reviews and Erie reviews consistently show high BBB and J.D. Power ratings for customer satisfaction and business practices.
Do insurance companies give loyalty discounts?
Yes, most insurance companies give loyalty discounts to customers. They are one of the best home and best car insurance discounts and is one of the 6 car insurance discounts you should ask about.
What kind of discounts do car insurance companies give their customers?
Companies offer pay-in-full discounts, bundling discounts, and more. Loyalty discounts are common among most insurance companies, but discounts will vary based on the type of policy you buy, as Geico car insurance discounts will be different than home insurance discounts.
Read More: Geico vs. Progressive: Which do customers rate higher?
Can you haggle with an insurance company?
You can negotiate with an insurance company on claims for homes and cars. Follow these tips to negotiate the best settlement for a totaled car. You can also ask if you can get discounts or do anything else to lower rates.
What company has the best customer loyalty?
USAA has some of the best customer loyalty ratings, with an 882 / 1,000 above average score for customer satisfaction in J.D. Power's latest study.
Do insurance companies always offer a discount if you pay your annual premium?
Yes, most insurance companies offer pay-in-full discounts if you pay your premium annually instead of monthly.
Who has the largest customer loyalty insurance discount?
American Family has the largest customer loyalty discount of 18%.
Does Progressive have a loyalty discount?
Yes, Progressive offers a 13% loyalty discount.