Best Car Insurance Loyalty Rewards Programs [2024]

Car insurance loyalty rewards programs recognize customers for their time with the company. You can bundle multiple insurance policies and even add other insurance discounts to maximize your savings.

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Tracey L. Wells

Licensed Insurance Agent & Agency Owner

Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...

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Michael Vereecke

Commercial Lines Coverage Specialist

Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...

Commercial Lines Coverage Specialist

UPDATED: Jun 23, 2023

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Here's what you need to know

  • Several large insurance companies, including Progressive, Nationwide, and Geico, offer loyalty rewards programs
  • In addition to loyalty rewards, drivers might qualify for other savings based on a safe driving record, referring other customers, and more
  • Bundling your policies together is another way that insurance companies reward loyal customers with savings

With prices increasing on virtually everything these days, it is more important than ever to save money on car insurance whenever and wherever possible. For instance, you might have heard about car insurance loyalty reward programs and wondered if you might qualify for one through your current insurance company. 

To learn more about these loyalty car insurance programs, including how they work and which companies offer them, please keep reading.

How do auto insurance loyalty rewards programs work?

Car insurance companies like having long-term customers and are often willing to reward loyal policyholders by giving them some savings on their rates. 

Offering an auto insurance loyalty rewards program may convince customers to stick with their current car insurance company rather than switch to someone else. Some loyalty insurance rewards programs will go into effect after you have been with a company for some time, often from three to five years, while others may kick in sooner.

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Which car insurance companies offer loyalty rewards?

Insurance companies that offer car insurance loyalty rewards programs include Progressive, Nationwide, and Geico. 

For example, when drivers switch to get Progressive loyalty rewards, it will honor the time they spent with a previous insurer with a discount. This amount will vary based on how long you’ve been continuously insured. You can also save when you have two or more policies with Progressive, for instance, auto and RV insurance. And you can also qualify for multi-car discounts when you have more than one vehicle on your policy. 

At Nationwide, drivers may qualify for several discounts, including the Safe Driver program that rewards regular customers with at least five years of safe driving, including no at-fault accidents or major violations. Nationwide also offers a bundling savings plan that can save people up to $646 for combining home and auto insurance, a usage-based insurance program, and a SmartMiles discount that offers a flexible monthly rate based on how many miles you drive. 

Customer loyalty discounts at Geico can be earned by insuring more than one car with the company — this can save you up to 25% on most car insurance coverage. There is also a multi-policy discount when you insure your car along with homeowners, renters, condo, or mobile home policy.

The Drawbacks of Auto Insurance Loyalty Rewards Programs

While qualifying for a discount on car insurance due to loyalty auto insurance programs is definitely a positive thing, you might be able to find another car insurance provider that offers the same coverage you have now, only at a lower rate. In other words, just because you have been with the same car insurance company for years and you are pleased with your savings, it does not mean that your insurance company is the best one for your needs or budget.

A number of life changes may make a different insurer a better choice for you. Some of these include:

  • Moving to a new state
  • Adding another person to your insurance policy
  • Getting a new car
  • Adding a vehicle to your policy

You should evaluate your insurance needs every year to make sure that your current insurer is still the best choice for you.

How to Join Car Insurance Loyalty Rewards Programs

Since the rules regarding eligibility for auto insurance loyalty rewards discounts differ for each insurance company, it is best to start by contacting your agent, if you have one, or looking at the company’s website for information. Please also note that if you are with a company other than Progressive, Nationwide, or Geico, you might still qualify for a reward or discount of some type. 

Even if your car insurance company does not offer savings to customers who have been with it for years, you might still qualify for other car insurance discounts

For example, good driver discounts, good student discounts, referral rewards, and more. Some car insurance companies may also give you a discount for good credit. According to the Federal Trade Commission, car insurance companies will issue lower rates to consumers with good credit, as there’s a correlation between having good credit and being a responsible driver.

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The Bottom Line on Car Insurance Loyalty Rewards Programs

Several major companies offer car insurance loyalty rewards programs, and they are an easy way to get savings on your rates. It is definitely worth the time to research which rewards you may qualify for. Even if you have not been with a company for that long, you might still get other forms of savings on your car insurance.

Frequently Asked Questions

How do auto insurance loyalty rewards programs work?

Auto insurance loyalty rewards programs provide savings on rates to long-term customers as a way to encourage their continued loyalty with the company.

Which car insurance companies offer loyalty rewards?

Some car insurance companies that offer loyalty rewards programs include Progressive, Nationwide, and Geico.

What are the drawbacks of auto insurance loyalty rewards programs?

While loyalty rewards can provide discounts, it’s important to compare rates from other insurance providers to ensure you’re getting the best coverage and price for your needs.

How can I join car insurance loyalty rewards programs?

Eligibility and rules for loyalty rewards programs vary by insurance company. Contact your agent or check the company’s website for specific information on joining. Even if your current company doesn’t offer loyalty rewards, you may still qualify for other discounts.

Are there other ways to save on car insurance besides loyalty rewards?

Yes, you can explore other discounts such as good driver discounts, good student discounts, referral rewards, and discounts based on good credit. It’s worth researching different options to maximize your savings.

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