What’s a full payment discount? How do I get it?

Many of the best auto insurance companies offer a full payment auto insurance discount to customers who pay their insurance premium all at once. Customers can expect to save between 5% and 15% on their rate for paying their car insurance in full. Some companies offer a higher full payment discount than others, so compare rates before you buy.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 16, 2021

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What You Should Know

  • Many of the top auto insurance companies offer a full payment auto insurance discount
  • Customers can save between 5% and 15% on their rate with a full payment discount
  • Combine a full payment discount with other discounts to maximize your savings

When finding auto insurance quotes online, it helps to know which discounts you may be eligible for. However, some discounts are not very well known. For example, did you know you can receive a full payment auto insurance discount?

Many people don’t know they can receive a full payment discount by paying their auto insurance premium all at once. Not only do you save money, but you also don’t have to worry about making monthly payments.

Keep reading below to learn how a full payment auto insurance discount works, which providers offer it, and how much you can save. First, enter your ZIP code into our free comparison tool above to find affordable auto insurance near you.

Do you get a discount for paying car insurance in full?

So, do you get a discount for paying car insurance in full? As we mentioned earlier, the answer is yes. Customers who pay their auto insurance premium in full in one payment can save on their auto insurance rate.

The reason for this is that paying your auto insurance premium in full means you’re not at risk of missing a payment over the course of your insurance policy. This is a big relief for your insurance provider.

In addition, paying your auto insurance premium all at one shows that you are financially responsible. This signals to your provider that you are financially capable of paying your insurance rate, which further improves their trust in you.

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Which auto insurance providers offer a full payment discount?

Fortunately, many of the best auto insurance companies in the United States offer a full payment auto insurance discount. Take a look at the table below to see which of the major auto insurance companies offer a full payment discount.

Auto Insurance Discounts Available by Company
Discounts21st Century Discounts OfferedAAA Discounts OfferedAllstate Discounts OfferedAmerican Family Discounts OfferedAmeriprise Discounts OfferedAmica Discounts OfferedCountry Financial Discounts OfferedEsurance Discounts OfferedFarmers Discounts OfferedGeico Discounts OfferedLiberty Mutual Discounts OfferedMetLife Discounts OfferedNationwide Discounts OfferedProgressive Discounts Offered
Adaptive Cruise Control
Adaptive Headlights
Anti-lock Brakes
Anti-Theft
Claim Free
Continuous Coverage
Daytime Running Lights
Defensive Driver
Distant Student
Driver's Ed
Driving Device/App
Early Signing
Electronic Stability Control
Emergency Deployment
Engaged Couple
Family Legacy
Family Plan
Farm Vehicle
Fast 5
Federal Employee
Forward Collision Warning
Full Payment
Further Education
Garaging/Storing
Good Credit
Good Student
Green Vehicle
Homeowner
Lane Departure Warning
Life Insurance
Low Mileage
Loyalty
Married
Membership/Group
Military
Military Garaging
Multiple Drivers
Multiple Policies
Multiple Vehicles
New Address
New Customer/New Plan
New Graduate
Newer Vehicle
Newly Licensed
Newlyweds
Non-Smoker/Non-Drinker
Occasional Operator
Occupation
On Time Payments
Online Shopper
Paperless Documents
Paperless/Auto Billing
Passive Restraint
Recent Retirees
Renter
Roadside Assistance
Safe Driver
Seat Belt Use
Senior Driver
Stable Residence
Students & Alumni
Switching Provider
Utility Vehicle
Vehicle Recovery
VIN Etching
Volunteer
Young Driver
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As you can see from the table, all but three of the top auto insurance companies offer a full payment discount. If your current provider doesn’t offer a full payment discount, compare auto insurance quotes from other companies to find one that does.

According to the Insurance Information Institute, you should compare auto insurance rates from at least three different companies to find the best deal.

How much can you save with a full payment auto insurance discount?

Discounts will differ from company to company, but generally speaking, customers who earn a full payment auto insurance discount can save between 5% and 15% on their auto insurance rate.

Of course, some auto insurance companies will offer a higher discount than others. For example, you might be wondering, “How much is the Progressive paid in full discount?” Progressive customers can save up to 15% on their rate with a full payment discount.

What is Allstate’s full pay discount? Allstate customers can save up to 10% on their rate with a full payment discount. As you can see, it’s important to compare auto insurance rates from multiple companies before you buy.

Now that you know all about full payment auto insurance discounts, start shopping today. Enter your ZIP code into our free comparison tool below to buy auto insurance from providers in your area.

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