This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The High-IQ Car Insurance Discount

You pay less on car insurance if you have a clean driving record, drive a sensible and safe car, and are well past your teen years. That only makes sense.

But there are some other ways to save, too. The thousands of dollars you just spent on a high-tech collision avoidance system won't get you a discount -- but being a Tri-Delt just might.

Insurers offer scores of extra discounts, some of which have nothing to do with your age, your car or the fact that you've avoided speeding tickets. The opportunities to save vary by company and state. Keep your eyes open for surprising deals, but don't lose sight of the bottom line.

"Discounts sound good, but you have to look at the bigger picture of how much the total premium is going to be," says consumer analyst Penny Gusner.

You might qualify for a 10 percent discount at one company, but actually save more by going with an insurer that offers coverage at an even lower base price. Also, some insurers that offer multiple discounts cap the total percentage you can save, Gusner says. And you should look closely at the coverage itself to make sure it provides what you need. (See "7 gotchas of cheap car insurance.")

Bearing all that in mind, here are six weird ways to save. (Be sure to check out's guide to car insurance discounts, too.)

Get engaged

Married couples generally have lower car insurance rates than single people, as long as they're good drivers. But Country Financial offers a discount of up to 30 percent even before the lovebirds get to the altar.

You can qualify if you're engaged to be married within the next 12 months and you're between ages 21 and 29.  You can still get the discount even if your other half doesn't have Country Financial insurance. The discount, available in 16 states where the insurer does business, is designed to reflect the lower risk of loss from someone who goes from being single to engaged, Country Financial spokesperson Jeff Muniz says.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs