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Geico, Allstate, and State Farm have the best new vehicle car insurance discounts, offering up to 25% savings.
This discount is exclusive to new models under three years old. Owners of older vehicles can still take advantage of other discounts, such as bundling policies and loyalty rewards.
| Insurance Company | Rank | A.M. Best | New Car Discount | Car Age Limit |
|---|---|---|---|---|
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#1 | A++ | 25% | 3 Years |
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#2 | A+ | 20% | 2 Years |
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#3 | A++ | 20% | 3 Years |
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#4 | A+ | 20% | 3 Years |
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#5 | A+ | 18% | 2 Years |
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#6 | A | 17% | 2 Years |
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#7 | A+ | 17% | 3 Years |
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#8 | A++ | 15% | 1 Year |
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#9 | A++ | 15% | 3 Years |
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#10 | A+ | 15% | 3 Years |
Combining new car insurance discounts is one of the top ways customers have saved on car insurance rates, along with choosing higher deductibles to significantly reduce monthly insurance rates on a new car.
See how much you could save in our car insurance discounts guide by entering your ZIP code into our free quote comparison tool.
What You Should Know
- Geico, Allstate, and State Farm offer the top new car discount on auto insurance
- The best new vehicle car insurance discounts save drivers up to 25% on premiums
- Add security features and practice safe driving to save money on new car insurance
Drivers Who Qualify for New Vehicle Car Insurance Discounts
Saving money on new vehicle auto insurance is simple. New vehicle insurance discounts require that a driver owns a relatively new model that is not over three years old yet.
This particular discount is meant to help people who have bought a new car, since new vehicles have higher insurance rates due to expensive repair and replacement costs. By having their vehicle classified as new according to their insurance provider, drivers can access exclusive savings that are only available to new car owners.
New Vehicle Car Insurance Rates by Provider
This table compares monthly premiums across our top ten providers before and after new vehicle auto insurance discounts.
| Insurance Company | Before Discount | After Discount |
|---|---|---|
|
$209 | $188 |
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$160 | $144 |
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$115 | $104 |
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$199 | $179 |
|
$147 | $132 |
|
$129 | $116 |
|
$167 | $150 |
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$165 | $149 |
|
$132 | $119 |
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$115 | $104 |
Erie and USAA are the cheapest new vehicle car insurance companies after the discount, saving drivers over $10 per month on full coverage. However, Geico and Allsate have the biggest savings of $15 and $21 a month, respectively.
Insurers also use factors like driving record to adjust new car insurance premiums. Some companies provide discounts for safe drivers, while others apply steep hikes after infractions.
For instance, rates can range from $83 to over $228 monthly, depending on the insurer and driving history. Using hacks to save money on your car insurance rates can help drivers find more affordable and adequate coverage.
When looking for ways to reduce your car insurance premiums, it is crucial to note that only brand-new vehicles qualify for the new car discount. This discount is exclusively available to cars between one and three years old.
Drivers of older vehicles, while not eligible for the new vehicle discount, can still benefit from discounts such as those for safe driving, bundling policies, or installing security systems.
New Vehicle Car Insurance Discounts From Top Providers
The best new vehicle car insurance discounts are exclusively available for new vehicles and offered by top providers such as Geico, Allstate, and State Farm, with savings up to 25%.
This table shows how the best new car insurance discounts from top providers stack up against other types of savings. Keep in mind that to qualify for a new vehicle discount, the car must be three years old or less.
| Insurance Company | Bundling | Good Driver | Security Systems | Loyalty | New Vehicle |
|---|---|---|---|---|---|
|
25% | 25% | 25% | 10% | 20% |
|
25% | 20% | 25% | 15% | 18% |
|
25% | 23% | 25% | 10% | 20% |
|
20% | 25% | 10% | 15% | 17% |
|
25% | 25% | 25% | 15% | 25% |
|
20% | 25% | 20% | 10% | 17% |
|
10% | 25% | 25% | 25% | 15% |
|
17% | 25% | 25% | 15% | 20% |
|
13% | 10% | 20% | 20% | 15% |
|
10% | 25% | 20% | 5% | 15% |
Compare offers like best home and car insurance bundling discounts. Loyalty and new vehicle discounts are clearly advantageous, though savings differ by insurers. High-value discounts for maintaining a claims-free history and installing security systems can reach up to 25%.
New Vehicle Car Insurance Discounts
The new vehicle discount on car insurance offers up to 25% off premiums for vehicles one to three years old. Eligibility and discount value vary by insurer, requiring proof of purchase and vehicle age verification.
New vehicle insurance discounts tailor car insurance rates by make and model. As the vehicle ages, discounts may decrease, so review your policy regularly to ensure you're getting all available discounts.
Bundling Discounts on New Vehicle Car Insurance
Savings can reach up to 25% when you bundle auto insurance with homeowners or renters insurance. Bundling lowers premiums and simplifies policy management, and insurance companies reward customers who buy multiple lines of coverage with cheaper rates on all policies.
Read More: Best and Cheapest Renters Insurance
Good Driver Discounts on New Vehicle Car Insurance
Good driver discounts for safe driving habits and being claims-free help lower new vehicle car insurance costs. Geico, Allstate, and State Farm offer 10% to 30% off for accident-free drivers.
What is considered a clean driving record? Insurers reward those typically with no accidents, tickets, or violations over three to five years. Programs like State Farm Drive Safe & Save and Allstate Drivewise offer usage-based discounts for new cars based on safe driving.
Loyalty Rewards on New Vehicle Car Insurance
Policyholders with long-term coverage can benefit from the best customer loyalty insurance discounts. These include savings for signing up for autopay and another for being claims-free, which help lower insurance costs for policyholders with new cars.
Save More With the Best New Vehicle Car Insurance Discounts
The best new vehicle car insurance discounts can help drivers save up to 25% on premiums primarily designed for models between one and three years old.
Geico, Allstate, and State Farm offer comprehensive car insurance with discounts for safe drivers, policy bundlers, and new car owners, ensuring maximum savings and optimal coverage for your vehicle.
Use our free comparison tool to compare new car insurance discounts available for you by entering your ZIP code.
Frequently Asked Questions
Which car insurance provider offers the best discounts for new vehicles?
The best providers for new vehicle discounts include Geico, Allstate, and State Farm, offering up to 25% in savings.
Why is car insurance higher for newer cars?
Newer vehicles are often more expensive to insure because they are typically worth more than older vehicles and can lead to expensive repairs, with advanced technology increasing the insurers’ cost of replacing and repairing parts.
Enter your ZIP code in our free comparison tool and shop for affordable premiums from the top companies.
What are the best car insurance discounts on new vehicles?
Top providers like Geico, Allstate, and State Farm offer up to 25% discounts for bundling, security features, and accident-free driving, including accident forgiveness to prevent rate hikes after your first at-fault accident.
Which new cars have the lowest insurance rates?
New cars with high safety ratings, low repair costs, and advanced driver-assist features typically have the lowest insurance rates. Models like the Honda CR-V, Subaru Outback, and Mazda CX-5 are known for affordable premiums.
Which car insurance company is best for new drivers with new vehicles?
Geico, Allstate, and State Farm are top choices for new drivers due to their significant discounts on new vehicles and additional savings for safe driving and policy bundling.
Does the mileage on my new vehicle affect my car insurance premium?
Yes, lower mileage on your new vehicle can reduce premiums since it lessens the risk of accidents. Accurately report your annual mileage to your insurer to utilize discounts offered by the best low-mileage car insurance companies.
How does vehicle type affect car insurance discounts for new vehicles?
Newer models with advanced safety features often receive higher discounts. Insurers assess the make, model, year, and safety ratings, offering up to 25% off for eligible new vehicles.
What is the cheapest new vehicle to insure?
The cheapest new vehicles to insure are typically midsize sedans and SUVs with high safety ratings and low repair costs. Models like the Subaru Outback, Honda CR-V, and Toyota Camry tend to have lower insurance premiums due to their strong safety features and affordable parts.
What is the minimum cost of car insurance for a new vehicle?
Car insurance costs for new vehicles vary by state, with full coverage ranging from $83 to $228 monthly, depending on your driving history and location. Comparing quotes is essential to secure the best rates for full coverage car insurance.
Which car insurance company offers the most discounts for new vehicles?
Geico, Allstate, and State Farm lead the way in providing the most comprehensive discounts for new vehicles, including savings for safety features, bundling, and maintaining a claims-free record.
How can I find the best car insurance discounts for new vehicles?
To find the best discounts, start by comparing quotes from top providers like Geico, Allstate, and State Farm. Focus on discounts specifically applicable to new vehicles, such as safety feature discounts, new car discounts, and model-specific offers. Enter your ZIP code to start comparing companies now.
What type of car insurance is best for new drivers with a new vehicle?
Comprehensive and collision coverage are essential for new drivers. To manage costs effectively, look for good driver discounts and consider options for cheap car insurance after an accident.
Is there a discount for new vehicle owners who complete driver education?
Yes, insurers often provide discounts on car insurance for new vehicle owners who complete an accredited driver education course, recognizing the lower risk.
What car has the cheapest insurance for new drivers with new vehicles?
New vehicles like the Subaru Impreza, Honda Civic, and Toyota RAV4 typically offer the cheapest insurance for new drivers due to their high safety ratings and cost-effective parts.
Are older or newer cars cheaper to insure?
Newer cars cost more to insure but may get safety discounts, while cheap car insurance for used cars is common due to lower premiums. Comparing quotes helps find the best deal based on the car’s age and coverage needs. Enter your ZIP code into our free comparison tool to start comparing rates now.