Home » Renter Discount: How Much Can You Save?

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
Discounts21st Century Discount AmountAAA Discount AmountAllstate Discount AmountAmerican Family Discount AmountAmeriprise Discount AmountAmica Discount AmountCountry Financial Discount AmountEsurance Discount AmountFarmers Discount AmountGeico Discount AmountLiberty Mutual Discount AmountMetLife Discount AmountNationwide Discount AmountProgressive Discount AmountSafe Auto Discount AmountSafeco Discount AmountState Farm Discount AmountThe General Discount AmountThe Hanover Discount AmountThe Hartford Discount AmountTravelers Discount AmountUSAA Discount Amount
Adaptive Cruise Control and/or Headlights----------5%--------3%--
Anti-lock Brakes--10%-3%5%-5%-5%5%5%5%-5%-5%8%5%3%--
Anti-Theft--10%-3%25%10%25%-25%20% off of comprehensive portion of policy.10% -- this discount factors in features such as VIN etching and vehicle recovery;
one anti-theft discount applies.		25%; combined with vehicle recovery discount.---15% discount off of comprehensive coverage; higher discount with "engine cut-off."8%; one total anti-theft discount applies; if vehicle recovery, a higher discount applies.5%3%--
Claim Free--35%----25%-26% for going five years without an accident.Awarded "accident free" on account for lower rating.20% if claim/violation free:
"Superior Driver"
3+ yrs=12%
"MetRewards"
5+ yrs 20%
AND
save $50 each claim-free year up to $250 (off deductible).		10%-10% if you go six months without filing a claim;
one safe driver/claim free discount applies.		20% "Safeco Safety Rewards" if you have no at-fault accidents in the last 36 months,
no more than 1 point on your license, and
no DUI in the last ten years; one safe driver/claim free discount applies.		15%; must have State Farm for at least three consecutive years without an accident.-15%-23%; must be accident and violation free to get the "Safe Driver" discount listed below;
must be accident and violation free to qualify:
23% - 5 years
10% - 3 years;
one safe driver/claim free discount applies.		12%; "Premier Driver Discount"
4%-12%, depending on driving record;
12% is for being accident and violation free for five years; one safe driver/claim free discount applies.
Not available in HI.
Continuous Coverage-----3%-------No gaps or cancellations;
discount depends on how long you have been consistently insured.		10% for going six or more months with no more than a 30-day coverage gap.7% if you have been with Safeco or previous provider for one year or longer; five or more years gets you the highest discount.--10%; discount applies at each renewal.-15%-
Daytime Running Lights--2%------1%5%5%5%-5%---5%3%--
Defensive Driver5%-10%10%-5%5%10%--10%7%5%10%10%5%5%8%5%10%10%3%
Distant Student--35%---------10%--15%--5%3%7%-
Driver's Ed--10%--5%10%---10%10%-10%10%5%15%8%5%3%8%3%
Driving Device/App--20%40%---25%--30%15%40%20%-30%50%--10%30%5%
Early Signing--10%---10%10%---15%8%--8%----10%12%
Electronic Stability Control--2%--5%----5%-----------
Emergency Deployment---------25%------------
Engaged Couple------10%---------------
Family Legacy-----5%---------------10%
Family Plan------25%-----25%------5%--
Farm Vehicle--10%-------------------
Fast 5-------5%--------------
Federal Employee---------8%10%-----------
Forward Collision Warning-----8%----5%--------3%--
Full Payment--10%--4%-10%--$5---5%15%-8%15%20%7.5%-
Further Education-------15%--10%-15%---------
Garaging/Storing---------------------90%
Good Credit------------"Financial Stability"
gets you a lower rate. You must also have stable residence.		-------
Good Student--20%--10%25%10%-15%22.5%15%10%-10%15%25%8%5%3%8%3%
Green Vehicle--10%-----5%-10%--------3%10%-
Homeowner-----5%12%----2%5%-10%10%3%5%5%-5%-
Lane Departure Warning-------------Safety features get automatic discounts applied when VIN entered in system. --------
Low Mileage-----10%-15%-------20%30%-----
Loyalty-----5%------5%--7%---5%--
Married--------------5%-------
Membership/Group-7%--15%-----10%-7%------20%--
Military-------25%-15%4%15%--25%-------
Military Garaging---------------------15%
Multiple Drivers-------------------5%--
Multiple Policies--10%--15%25%--10%20%10%10%12%-15%17%15%10%20%13%-
Multiple Vehicles-----15%15%--25%10%-20%10%15%15%20%15%5%5%8%-
New Address----------5%-----------
New Customer/New Plan-----------10%--10%-------
New Graduate----------5%-----------
Newer Vehicle--30%---10%---------40%--3%10%12%
Newly Licensed----------5%-----------
Newlyweds----------5%-----------
Occasional Operator---------------------Discount based on operator's individual driving record.
Occupation------10%---10%-15%------10%--
On Time Payments--5%-----------------15%-
Online Shopper-------11%-----7%--------
Paperless Documents- -10%--2%------5%$50-`-------
Paperless/Auto Billing-5%--2%-----25%$30-$410%$28%2%$53%3%
Passive Restraint--30%30%3%30%-33%-40%-5%20%-5%2%40%8%5%3%--
Recent Retiree----------4%--------3%--
Renter-----2%-30%--------------
Roadside Assistance-------5%--------------
Safe Driver--45%--15%-40%15%-12%35%31%10%20%15%---23%12%
Seat Belt Use---------15%------------
Senior Driver--10%--------10%-----5%5%---
Stable Residence-------------------5%--
Students and Alumni-------15%--10%-7%---------
Switching Provider-------5%--10%10%--10%--5%5%---
Utility Vehicle--15%-------------------
Vehicle Recovery--10%-5%10%-25%-25%35%10%25%---5%8%-3%--
VIN Etching----------5%10%----------
Young Driver------10%--------------$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.

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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.

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
Allstate$77
Farmers$48
Geico$46
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.