Can't-Miss Facts

  • A renter discount is an auto insurance discount that provides savings for policyholders who rent their home or apartment
  • If you are a renter, you may save on auto and renters insurance by bundling
  • Other ways to save include ensuring the right coverage, filing claims only when necessary, and comparing discount offerings

Auto insurance discounts are a great and easy way to find savings. Not sure which auto insurance discounts to ask for? If you rent your home or apartment, you may be able to take advantage of a renter discount.

Below we’ll discuss where you can find renters discount auto insurance, how to reduce insurance rates by bundling, and other ways to save on your auto insurance.

If you’re looking to buy renter discount auto insurance, enter your ZIP code above to get renter discount auto insurance quotes.

What is a renter discount?

A renter discount is an auto insurance discount offered to policyholders who rent their homes or apartments. Unfortunately, renter auto insurance discounts seem to be relatively rare. Only a couple of the popular auto insurance companies below offer it:

Auto Insurance Discounts Available by Company and Discount Amount
Discount NameAllstateAmerican FamilyFarmersGeicoLiberty MutualNationwideProgressiveState FarmTravelersUSAA
Adaptive Cruise Control5%
Adaptive Headlights5%
Anti-lock Brakes10%5%5%5%5%
Claim Free35%26%10%15%23%12%
Continuous Coverage15%
Daytime Running Lights2%3%5%5%
Defensive Driver10%10%10%5%10%5%10%3%
Distant Student35%10%7%
Driver's Ed10%10%10%15%8%3%
Driving Device/App20%40%30%40%20%50%30%5%
Early Signing10%8%10%12%
Electronic Stability Control2%5%
Emergency Deployment25%
Engaged Couple
Family Legacy10%
Family Plan25%
Farm Vehicle10%
Fast 5
Federal Employee12%10%
Forward Collision Warning5%
Full Payment10%$508%
Further Education10%15%
Good Credit
Good Student20%15%23%10%25%8%3%
Green Vehicle10%5%10%10%
Lane Departure Warning
Life Insurance
Low Mileage30%
Military Garaging15%
Multiple Drivers
Multiple Policies10%29%10%20%10%12%17%13%
Multiple Vehicles25%10%20%10%20%8%
New Address5%
New Customer/New Plan
New Graduate5%
New Vehicle30%15%40%10%12%
Newly Licensed5%
Occasional Operator
On-Time Payments5%15%
Online Shopper7%
Paperless Documents10%5%$50
Paperless/Auto Billing5%$30$203%3%
Passive Restraint30%30%40%20%40%
Recent Retirees4%
Roadside Assistance
Safe Driver45%15%35%31%15%23%12%
Seat Belt Use15%
Senior Driver10%
Stable Residence
Students & Alumni10%7%
Switching Provider10%
Utility Vehicle15%
Vehicle Recovery10%15%35%25%5%
VIN Etching5%
Young Driver$75

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If you’re lucky enough to find a renter discount auto insurance company, you could get up to 10% off your monthly rate.

Read more:

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Should I bundle auto and renters insurance?

If you rent your home or apartment, you may have renters insurance and, since most states require auto insurance, you most likely have some type of auto coverage. Since renter discounts are typically hard to find, you may be able to save some money by bundling your auto and renters insurance, especially when considering bundling car insurance and renters insurance to save money.

Let’s take a look at some of the savings you may qualify for when you bundle your auto and renters insurance:

Annual Discount for Bundling Auto and Renters Insurance
Insurance CompanyAnnual Discount Amount for Bundling Auto and Renters Insurance
Liberty Mutual$72
State Farm$112

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According to the table above, the Geico auto and renters insurance discount offers the least savings, while the State Farm auto and renters insurance discount offers the most savings. Read our Geico review or our State Farm insurance review to learn more about these companies.

How else can I save on auto insurance?

There are multiple ways to save on your auto insurance.

First, you should ensure that you have the right type of coverage. You should make sure you meet your state’s insurance requirements while not spending on the coverage you don’t need.

For example, you may not need to spend on comprehensive coverage if you have an older or cheaper vehicle.

Second, you should be careful about when you file claims. You may want to consider not filing a claim unless someone is injured, you are at fault and the other party does not want to be paid out-of-pocket, or your rate increase would be more than the cost of repairs.

Finally, shop around online and compare auto insurance rates and discounts before you buy. Different providers offer different auto insurance discounts, and you may qualify for a renters car insurance discount with a local company.

If you need help getting affordable renter discount auto insurance rates, enter your ZIP code into our free quote comparison tool below.