Car insurance can be pricey but there are many ways to reduce the cost. There are common discounts available across different insurance companies depending on your driving history and vehicle features, but there are also some that you may not have heard of and could be beneficial, if you are eligible. Here is a list of discounts for your car insurance policy:

1. Electronic funds transfer (EFT) discount

If you are on a monthly payment plan for your car insurance policy, you could be saving 3% – 6% if you enroll in automatic withdrawals.

2. Paperless discount

This discount is not as popular as it once was, but if you are still getting your policy documents and insurance bills in the mail, you may want to consider going paperless. Insurance companies offer a small discount if you decide to receive all your documents electronically. And it’s good for the environment!

3. Online quote discount

Don’t enjoy talking to insurance agents over the phone? There are insurance companies that offer up to a 12% discount if you obtain your quote and policy online.

4. Early bird discount

If your current insurance policy is coming up for renewal or expiration, it’s a great idea to shop around at other companies for lower rates. Getting a quote and purchasing a new policy between 7-14 days in advance of your current policy renewal can save you up to 15%.

5. Occupational discounts

There are insurance companies that offer a discount depending on your occupation, so it’s a good idea to ask them if yours qualifies. For example, if you are in the military, armed forces, a veteran, or a federal employee, you could be eligible for a discount up to 15%.

6. Usage-based insurance program discount

This is also known as a telematics discount, where your driving is monitored by a device installed in your vehicle. The device can be installed on your vehicle’s OBD-II port, or through an app on your smartphone, and tracks how often and how well you drive. If you consider yourself a safe driver and avoid things like speeding, then this can be truly beneficial to your insurance rates. Most companies offer a discount just for enrolling, which is between 5% – 10% and at the time of your policy renewal, you could see anywhere from 5% to 40% of a discount.

7. Paid-in-full discount

If you have enough saved to pay for a car insurance policy in full rather than in monthly installments, you can save between 6% to 14% depending on the company you’re with. Whether it’s a 6 month policy or a full year, most companies prefer one full payment upfront, which also saves you financing fees or administrative fees.