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: May 18, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Here's what you need to know...

  • The Fast 5 discount is a five percent reduction on auto insurance policies in which the quotes were initiated online
  • The Fast 5 discount is exclusive to the Esurance company
  • Customers seeking auto insurance should review a variety of different quotes

Certain car insurance discounts are popular across the entire industry. Some discounts are easy to find, such as:

And then there are exclusive discounts only available by a limited number of insurance companies.

A Fast 5 discount definitely falls under the category of exclusive. The discount is only offered by one provider: Esurance.

Those taking advantage of the Fast 5 discount can save a bit of money on an Esurance auto policy. Even more savings may be possible by bundling other discounts.

Compare the rates of Esurance with other top insurance companies by using our FREE comparison tool above. Enter your ZIP code to get started.

What is an Esurance Fast 5 discount?

The discount’s name refers to a five percent discount made available to those who purchase a policy after having commenced the original quote process online. Saving five percent on a policy reflects a generous offer.

Those whose insurance rates would be otherwise high due to a driving record or other reasons for risk may be thrilled to discover they can so easily shave five percent right off a policy.

The quote process starts by visiting Esurance’s website and filling out the requested information. Customers must realize the Fast 5 discount only applies to first-term policies.

The discount won’t be reapplied when renewing a policy, which some might consider a drawback. Still, saving a little extra on insurance for the first term would be a good thing.

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Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

What is an insurance quote?

Customers seeking an auto insurance policy might not be familiar with what quotes are or how they work. An insurance quote is a general estimate of what your policy will cost.

After providing the insurance company with a certain amount of information, a price is quoted. Later on, the price may change if new information becomes available.

For example, it may turn out the applicant has bad credit. Poor credit can drive up insurance premium prices.

Positive information revealed during a background check might lead to competitive premium quotes.

In addition to providing an estimate of the premium cost, a quote displays the coverages provided for the price. Based on the quoted price, a policy may come with $100,000/$300,000 in auto liability coverage.

Applicants who want the most competitive price on an insurance policy should review a number of quotes from a variety of companies in order to locate the best policies. This way, the applicant can get the right protections in place at a reasonable cost.

Customers should look more at the benefits awarded by the policy and not worry too much about cutting costs, though.

Insurance is, after all, intended to protect you from financial losses when an accident or total catastrophe occurs. Saving money on a policy makes sense from many perspectives.

What makes more sense is putting the most helpful insurance policy in place.

Why would an insurance company promote online quote applications?

The traditional ways of requesting an insurance quote can still be done, but they aren’t always the best means of doing things. Filling out an insurance quote request on a printed application with a blue or black pen can be cumbersome.

If any part of the application turns out to be illegible, the application likely won’t be processed. Calling up an insurance company and verbally requesting a quote can take a bit of time as well.

Additionally, both of these methods cost the insurance company time and money. A lot of extra work is required when processing these types of quote requests.

Filling out an online quote makes processing the request a lot easier for the insurance company.

Data just need to be entered into an online application and submitted. In truth, online quotes make things easier for the person applying as well.

Other Discounts and Price Reductions

Esurance deserves recognition for presenting such a unique discount that no other insurance company offers.

The Fast 5 discount is generous, but customers do need to look at quotes beyond just one insurance company in order to make an appropriate decision about buying a policy. Doing so might help with saving even more than just five percent of the premium.

Other insurance companies may put forth other discounts that could lead to saving even more money. Esurance could be perfect for one customer, but not for another.

Reviewing four or more quotes would give a better perspective on the type of coverage a customer can expect to purchase. Enter your ZIP code below to start comparing today!