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Compare car insurers who offer a homeowners discount

If you own a home, you might save on your car insurance — even without bundling.

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Top discount for homeowners: Progressive

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  • Broad coverage
  • Transparent pricing tools
  • Accident forgiveness on small claims
  • Stack a variety of discounts for multiple cars
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With the pride of homeownership comes discounts for bundling multiple insurance policies under one company. But as a homeowner, savings up to 20% could extend to your standalone car insurance, without combining policies.

Which companies offer a homeowner discount?

Not all insurers advertise a homeowner discount, and your exact discount will depend on which state you live in. We’ve gathered a list of car insurance companies that offer savings just for homeownership.

  • Farmers. Save up to 20% just for owning your home by opting into this discount from Farmers, even if your home and auto insurance are with different companies.
  • Progressive. A homeowner discount through Progressive claims to save drivers an average of 10% off car insurance for being a homeowner.
  • Allstate. The discounts offered through Allstate include a homeowner discount for purchasing a newly built home, or recently buying a home.
  • Nationwide. A homeowner discount through Nationwide is available to homeowners who purchased a home in the past 12 months, but it’s not available in all states.
  • Esurance. If you’re a customer, you’ll get discounts from Esurance just for owning your own home, condo or apartment.

How much can I save with a homeowner discount?

Many major insurance companies offer a homeowner discount as much as 5% to 20% just for being a homeowner. For context, if your annual car insurance premium is $1,400, the average annual car insurance cost across the US, you’ll save $70 to $280 dollars on your annual car insurance premium.

Do I qualify for a homeowner discount?

If the deed to your home is in your name or if your name is on the mortgage you’re working to pay off, you’re considered a homeowner — and in many instances, your spouse can claim the same thing, even if their name isn’t on the paperwork.

While insurers tend to apply any discounts across all eligible policies in your household, adult children or other family members who live outside the home will not receive those benefits and savings.

How do I get my discount?

To get a homeowner’s discount on your car insurance, you’ll likely need to prove that you’re a homeowner. Some examples of documents you can use to establish homeownership include:

  • A copy of your home insurance policy
  • Your property tax statement
  • Mortgage payment receipts or statements

If you weren’t a homeowner when you originally purchased your auto insurance plan, contact your auto insurance provider to update your ownership status.

Compare top companies with discounts for homeowners

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Progressive
Optional
30%
All 50 states
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
USAA
Optional
Yes
All 50 states
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
Allstate
13%
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
The AARP Auto Insurance Program from The Hartford
Optional
Yes
All 50 states & DC
Drivers over age 50 can enjoy low rates and perks designed for mature drivers, plus freebies and AARP member perks like free replacement cost coverage.
Liberty Mutual
Optional
30%
All 50 states
Earn free accident forgiveness after five years claims-free and customize your policy anytime online at the tap of a button.
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Why do homeowners save on car insurance?

Among the many factors that can affect your insurance rates, owning a house is one that can save you money. That’s because insurers choose to rely on risk studies that appear to prove generalizations that include:

  • Homeowners are typically more financially stable. Compared to people who rent, homeowners are generally considered more stable customers, meaning there’s less chance they won’t be able to pay their premiums. This can translate to better insurance rates, as insurers prefer low-risk policyholders.
  • Homeowners improve their credit over time. People who regularly make payments on large loans typically have better credit than those who don’t. So if you’re making your mortgage payments on time, you could see a more favorable car insurance rate as your credit score climbs.
  • Storing vehicles in residential garages is safer. Homeowners are more likely to have a garage, carport or driveway to park vehicles in. Parking on the street is generally less safe, increasing the possibility of theft, vandalism, damage from passing traffic and damages related to inclement weather or constant sun exposure. Depending on your provider, you could save 5% to 10% just for parking off the street, regardless of your homeownership status.
  • Insurers prefer bundling policies. With nearly all insurers, you’ll find a discount for bundling multiple insurance policies. If you can bundle your car and homeowners insurance together, you might be able to shave money off your total.

    Bottom line

    Because most major car insurance companies offer discounts to homeowners, you’ll typically qualify for savings if you own your own home. To find out more about these discounts and eligibility, reach out to your insurer. To get the best rates you’re eligible for, compare car insurance companies and policies against your specific needs.

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    Frequently asked questions about homeowner discounts

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