Stable Residence Car Insurance Discount

If you’ve lived at the same home for at least one full year, you can save an average of 5 percent on your premiums with a stable residence car insurance discount. Rules for earning this discount vary by company; however, you do not need to own your place of residence to qualify. Safeco will provide you with a stable residence discount after only one year. However, The Hartford will apply slightly higher discount car insurance rates if you’ve lived at the same address for five years.

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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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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Feb 18, 2021

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Here's What You Need to Know

  • Four major national insurance companies provide customers with a stable residence car insurance discount
  • You can save an average of 5 percent on your car insurance with a stable residence discount
  • Requirements for qualifying for a stable residence discount vary by company, but usually, you must live in the same address for at least one full year
  • You can earn a stable residence discount even if you rent or do not own the home

If you’ve been living at the same address for at least one year, you can earn a stable residence car insurance discount to help you save money on your premiums. Car insurance discounts often stack, and earning this one is as easy as simply not moving.

Read through our quick guide to learn what companies offer an affordable stable residence car insurance discount, how to get discounts on car insurance for remaining at your current address, and how much you can potentially save.

Compare other discount car insurance rates by entering your ZIP code into our free tool above.

What car insurance companies offer a stable residence discount?

Only four national insurance providers offer a stable residence car insurance discount. To see if your provider is on the list, check out the table below. If information about the savings amount is available, it’s been included in the data.

Stable Residence Discount Offered by Company
CompaniesStable Residence Discount Offered
NationwideYes
ProgressiveYes
SafecoYes
The HartfordYes - 5%
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On average, expect to save around 5 percent on your car insurance rates by earning a stable residence discount.

Keep in mind that car insurance discount availability is subject to state laws and regulations. Therefore, this discount may not be offered in your ZIP code.

What is a stable residence car insurance discount?

A stable residence car insurance discount is a way for an insurance provider to entice customers to remain loyal to your provider. Maintaining a stable residence is also sometimes viewed as being more responsible by insurers.

According to the United States Census Bureau, about 65 percent of Americans are homeowners. If you fall into this category and have lived in your home for more than one year, a stable residence discount is for you.

However, those who rent a home can also qualify just as easily, as long as you have not moved for at least 12 months. Although some providers require a longer waiting period. Your insurance agent will be able to tell you the specific details.

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How can I qualify for a stable residence car insurance discount?

Qualifying for a stable residence discount varies by company. For example, you can earn this discount through Nationwide after living at the same address for only one year.

However, through The Hartford, you must live at the same residence for at least five years to receive the discount.

Ultimately, as long as you live at the same address for at least one full year and are not planning on moving, you’ll receive the discount. If you do eventually move, you will lose eligibility.

How much can I save with a stable residence car insurance discount?

Expect to save an average of 5 percent with a stable residence car insurance discount. While this may seem like a small amount, remember that car insurance discount stack.

If you own the home you’re living in, consider bundling your house and car insurance policies under the same provider for additional savings. All four of the providers listed above also offer a homeowners car insurance discount.

You are now ready to secure a stable residence car insurance discount with your provider. If your current company doesn’t offer this discount, it’s time to shop around for one that does.

Compare other stable residence car insurance discount rates from reputable providers near you for free by entering your ZIP code into our quote tool below.

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