As a good driver, you deserve the best insurance out there, and since you’ve taken measures to keep yourself and other drivers safe, it’s only fair that you have your driving record reflected in the price of your premium.
Insurance providers generally welcome people with excellent driving records, so getting good driver insurance should be a stress-free process.
But not all insurance companies are equal, and some might not reward safe driving as much as you would hope, despite a clean record and good driving habits.
Therefore, you should always research providers and do comparative shopping, since it’s always helpful knowing.
The information contained in this guide will brief you on the quoting process companies go through, and on ways to reduce your insurance premiums.
What’s the Cost of Car Insurance for Good Drivers?
There’s no easy way to calculate the cost of good driver insurance since prices are determined by case.
Insurance providers use complex equations that look at several factors, including:
- The car you drive
- Your age
- Where you live
- Your driving record
- Installed safety equipment
A good driver with a clean driving record usually enjoys lower rates and discounts on their car insurance, since insurers generally look at clean driving records as less risky.
But to get a good idea of prices you might expect for good driver insurance, it’s important to shop around and get quotes from competing companies.
To give you a rough idea of the insurance benefits of being a good driver, we’ve provided you estimated rates from the California Department of Insurance site for the following scenarios:
A single male residing in Costa Mesa, Orange County, who’s been licensed for 9 to 15 years and drives a Toyota Camry approximately 12,600 to 15,000 miles per year can expect to pay between $624 to $2,026 for basic standard liability insurance, with average annual premium of around $1,000.
If the same driver receives one speeding ticket, his average premium increases to $1,275. If you add an at-fault accident to the mix, his average rate jumps to $1,997, almost double the cost of a driver with no infractions.
These examples show you the advantage safe drivers have when looking for inexpensive car insurance.
Companies with the Best Car Insurance
Here is a list of well-known insurance providers that reward good drivers with discounts and lower premiums.
Progressive Car Insurance has several discounts for good drivers, and with an average discount of 31 percent, the company offers a chance for impressive savings. Those who haven’t had an accident or traffic violation in the past three years may be eligible to save around a third off the price of their premium.
Progressive also has the Snapshot® program, which lets you attach a small sensor to your vehicle that monitors your driving habits and adjusts your rates accordingly. Participants in the Snapshot® program can review the impact that their driving habits have had on their insurance rates via Progressive’s website.
QuoteWizard is an online marketplace that helps consumers save money by connecting them with insurance providers. The company’s comparison shopping and research tool lets consumers to compare quotes from a vast network of insurance providers from around the country.
QuoteWizard lets good drivers analyze agent and carrier quotes on a larger scale, helping them get the right coverage for them. As with any comparison site, QuoteWizard can help you to save time and money on your insurance by reducing the effort you have to put into your shopping.
Esurance is a popular choice for good drivers. The DriveSense® mobile app tracks your driving habits and behaviors, which helps you improve your driving even more and save money in the long run. The DriveSense® app is free to download and use, and you don’t even need to be a customer with Esurance to use it.
Liberty Mutual has software that can help safe drivers score discounts on the policies they hold. The RightTrack® program gives drivers a small discount simply for enrolling, and once the device is installed, you’re eligible for further discounts as long as you continue to drive safely.
On average, Liberty Mutual customers with RightTrack® save anywhere between 5 and 30 percent on the price of their premium. Unlike other providers, Liberty Mutual only requires that you drive with the device installed for 90 days instead of permanently. The discount you receive is applied for the life of your policy.
Allstate has a safe driving bonus that helps drivers who have an active policy and no claims. Drivers who meet the criteria can also receive a check in the mail for every six months they remain accident-free. Allstate also has the Drivewise® program, which gives safe, low mileage drivers the opportunity to earn a discount for driving safely.
It monitors your speed and braking patterns and determines whether you’re a safe driver. If the app deems you a safe driver, you can receive discounts of up to 30 percent on your policy. The personalized feedback that you receive can help you save money, improve your driving habits and increase your awareness.
Travelers believe that safe driving should be rewarded and as such offers discounts for drivers who haven’t had violations, accidents, or huge comprehensive claims over the past three years. This period must include all the covered drivers in the household.
For customers with three years without driving offenses, there is a discount of up to 10 percent, and those with five years can get up to a 23 percent discount.
USAA has discounts for drivers with safe driving records and who continue to maintain them through their active policy. USAA considers customers as “premier drivers” if they haven’t filed a claim or been involved in an accident for five consecutive years. Individuals with premier driver status from USAA can receive substantial discounts on their good driver’s insurance.
This discount sticks around and drivers that continue to drive safely can continue to benefit from discounts.
State Farm offers a few ways for you to save money on your car insurance quote. Depending on where you live, taking a defensive driving safety course can help you get a reduction on the price of your premium.
New customers receive a good driving discount if they’ve gone for more than three years without violations or at-fault accidents, and all customers can use the OnStar® technology to monitor their driving. OnStar® can help reduce the price of a premium by up to 50 percent, making State Farm a great choice for drivers looking to save a substantial amount of money.
MetLife has an annual discount program where safe drivers who avoid accidents and insurance claims receive $50 toward their deductible. The longer MetLife customers are accident-free, the lower their deductible becomes. The credit continues to build every year until it reaches the maximum discount of $250, which can help you if you ever have to make a claim. Drivers who participate in driver safety courses can also save money with MetLife.
Kelly Klee is an insurance broker specializing in finding the best rates for insuring luxury or vintage cars. With a range of coverage options to suit all needs, Kelly Klee is the No. 1 choice for insuring high-end vehicles.
When you ask Kelly Klee for a quote, you are given a list of potential insurers and the company advises what may be the best car insurance for your needs. This makes Kelly Klee an excellent choice for people who don’t have the time to shop and compare prices.
How to Reduce the Cost of Your Car Insurance for Good Drivers
Getting the best car insurance for good drivers still requires a little planning. You may think that your driving habits automatically gets you the lowest price on quotes, but there are some steps that you can take to make sure that you’re getting the best deal out there:
- Adding safety features to your vehicle may help you negotiate your rates so you can obtain the best car insurance possible. Things such as rear-facing cameras and upgraded alarm systems may help you to get a lower price.
- Increasing your deductible may help you save some money in the short term. If you do this, make sure you can pay a higher deductible in the event of an accident.
- Bundling your policies might help you get an even higher discount on your good driver insurance. It’s common for providers to give discounts if you get other types of insurance from them. If you’re in the market for home insurance or pet insurance, you could end up saving more on your car insurance.
Also, to get an accurate rate, you should have some information at the ready.
The Insurance Information Institute suggests that you give the following information to providers when requesting quotes:
- Vehicle: Its year, make, and model, Vehicle Identification Number, as well as any safety and anti-theft devices are crucial bits of information.
- Mileage: It’s a good idea to have an estimate of how many miles you’re going to cover annually, as well as your average daily commute mileage.
- Household: Information about the driving records of everyone in your household and parking habits is also vital to help you get the best car insurance for good drivers.
- Coverages and deductibles: tell potential providers how much coverage you want, and your ideal deductible.
After looking through this guide, you shouldn’t have a problem getting the best car insurance for your good driving habits. Keep up the good work and you’ll continue to score great discounts and lowered rates on your premiums.
*While we make every effort to keep our site updated, please be aware that “timely” information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.