Many insurance discounts exist, but companies don’t necessarily apply them automatically. Of course, if you have a good independent insurance agent that knows your personal situation they can find them for you. Otherwise, here are the top insurance discounts you may be missing out on.

Occupational Discount

Are you a firefighter, police officer, dentist, doctor, nurse, engineer, scientist, or teacher? You may qualify for an occupational discount through some insurers. You may also qualify for a discount if your employer is a subsidiary of a major company affiliated with a specific insurance company.

Affiliate Discount

Did you belong to a sorority or fraternity in college? You may qualify for a discount through many insurance companies.

Insurers often offer discounts for affiliations with other organizations, too. Bar and alumni associations and professional groups, such as chartered accountants, often qualify for discounts, because these groups work to channel their business through a single insurer.

Military Discount

If you’re in the military or National Guard, you may qualify for up to a 15% discount with some insurers. Even those enrolled in programs such as ROTC may qualify. Some insurers offer additional discounts on car insurance if you’re deployed and not using your vehicle or you store it at a secure base garage facility.

Good Credit Discount

People with good credit scores may qualify for discounts on insurance in some states, even though it’s rarely promoted. However, financial stability can cut your insurance costs substantially. If you have a credit score of 700 or higher, check if your insurance company offers a discount on your vehicle or homeowners insurance.

Claims-Free Discount

Many insurers offer a discount if you remain claim-free for a specified time on your homeowners or renters insurance. Some also increase the discount the longer you maintain your impeccable record.

Green Discount

Do you own a hybrid car? Chances are your insurance company offers a discount. It’s not because these cars are safer. Instead, insurers view the drivers as low risk. If you build a home using environmentally products and construction methods, you may qualify for a homeowner’s insurance discount, too.

Your insurance company may also offer a discount if you choose electronic rather than paper documents, since it saves them time and money.

Security Discount

Security counts with insurers, whether you buying car or homeowners insurance. If your vehicle has safety features such air bags or if it’s equipped with an anti-theft tracking device or alarm, you probably qualify for a substantial discount. Ignition cut-off switches and VIN etchings on windows may also qualify.

Homes with monitored security, surveillance cameras, smoke and carbon monoxide detectors, and water detection alarms also merit discounts with many insurers.

Loyalty Discount

Some companies automatically apply discounts after you’ve been a customer for an extended period of time, but not all of them do. If you’ve been with a company for some time, ask them for a loyalty discount. Some companies offer increasing discounts the longer you stay with the company, so it’s worth the effort.

Bundled Policy Discount

If you insure more than one car or your car and your home, your insurer may offer a discount if you bundle all policies with them. You may also qualify for a discount if you insure a recreational vehicle, motorcycle, or boat.

These are just a few of many insurance discounts available. Work with a local independent insurance agency like ours to make sure that you’re always getting the best rates. We’ll get to know you and understand when life changes trigger a discount so you get the most out of your insurance coverage for the most reasonable cost.