Meritplan Insurance Discounts

Meritplan Insurance discounts are available for multiple policies, safe driving, and safety features. Meritplan Insurance Company discounts go through its parent company, Balboa Insurance Group. The best way to find affordable Meritplan Insurance policy is to compare rates. Use our FREE tool below to compare your current Meritplan Insurance rates to other top car insurance companies.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Founder & CFP®

UPDATED: Jan 26, 2021

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Here's what you need to know...

  • Meritplan is actually part of Balboa Insurance Group, who is a provider of products for auto risk and lender insurance
  • Balboa Insurance does not offer individual auto insurance, so they would not be an option for discounts
  • There are many discounts available for auto insurance, so see what you are eligible for

Meritplan is a member of Balboa Insurance Group, which is based out of Irvine, California. Balboa Insurance Group is a provider of products for auto risk mitigation and lender-placed insurance. Its goal is to help financial institutions reduce risk and keep them safe.

Balboa Insurance Group offers homeowners insurance to individuals but does not offer individual car insurance, so obviously it does not offer car insurance discounts either.

Insurance companies offer discounts to certain groups of people and for certain reasons that may help decrease the number of claims. Discounts help the policyholders save money on their insurance premiums.

To see if Meritplan and Balboa Insurance Group offer any discounts on their insurance products that would pertain to you and your policy, please call them at 949-222-8000.

To compare car insurance rates in your area, all you need to do is enter your ZIP code in the FREE quote box above!

Discounts Offered by Insurance Companies

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Most casualty and property insurance companies offer discounts to help their customers save money. Although certain things can keep rate premiums affordable, offering discounts is another way to help specific groups of people save even more money.

The insurance product with the largest amount of discounts tends to usually be car insurance.

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Determining Eligibility for Insurance Company Discounts

Car insurance discounts are not available for everyone who purchases an insurance policy. Certain states do not allow the discounts to be used, so always check with the requirements of the state in which you live.

There are other requirements and restrictions put forth by the insurance companies themselves and not all insurance companies have the same discounts available.

Safe Drivers Usually Receive Insurance Discounts

If you are a safe driver and have a good driving record, you may be eligible for the safe driving discount. The requirements vary from insurance company to company, but they often include going a specific period of time without getting a speeding ticket or being involved in an accident.

You may also be eligible for a safe driving discount if you have taken a safe driving course; sometimes teen driver’s training qualifies as a safe driving course.

Check with your agent to see if any classes or courses you have taken can help you receive a discount on your rate premium.

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Insure More than Your Car and Get a Multi-Policy Discount

If you have more than one car in your household, you probably will be able to receive a discount if you insure all of your vehicles with the same insurance company.  You also are eligible to receive a discount for purchasing your insurance coverage on all of the vehicles from one company including vehicles like:

Another great way to save almost 10 percent on your insurance premiums is to insure both your vehicle and your home with the same insurance company. Homeowners insurance can be for a house, condo, or apartment.

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Vehicle-Related Discount from Insurance Companies

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Many car insurance companies will give discounts for certain features that come on your vehicle when you purchase it, or that you add to it at a later date.

Anything that helps prevent injuries or theft is usually eligible for a discount because they keep the possibility of a claim lower, which saves the insurance company money.

Anti-theft devices are usually eligible for discounts on your car insurance, such as:

  • An audible alarm to prevent burglars
  • Devices that either actively or passively disable your vehicle
  • Vehicle recovery devices

If you have particular safety features on your car, you will be able to receive discounts in most states. A few viable safety features are:

You need at least one to get a discount, and more is even better.

The year, make, and model of your car also can make a difference as to how much you pay for your insurance premium. So does the number of miles you drive the car over the course of a year and where the car is located or parked the majority of the time.

If you would like to search for car insurance right now, enter your ZIP code below and compare car insurance rates for a number of companies.

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Average Monthly Car Insurance Rates by State