Insurance Discounts

Insurer Discounts: 12 states (Florida, Illinois, Kentucky, Louisiana, Massachusetts, Minnesota, New Mexico, New York, Pennsylvania, Rhode Island, Texas and Washington) require insurers to give car owners discounts on their comprehensive insurance for antitheft devices.

Passive devices such as ignition cutoffs, some types of alarms and electronic auto recovery systems which are automatically activated when the car is locked and do not depend on the driver to remember to activate them may qualify for up to a 30 percent discount. Massachusetts residents are eligible for a minimum 25 percent discount if they have both an antitheft device (such as an alarm) and an electronic recovery system, such as SKYWATCH GPS.

Insurance companies in states that do not mandate discounts have also encouraged car owners to install antitheft devices by providing discounts at their discretion.

Insurance premium discounts may vary from zero-30 percent, depending on the state and/or province, as well as among insurance providers. Some discounts override others. Therefore, you may not qualify for all discounts. To the extent permitted by law, applicants are individually underwritten, and not all applicants qualify.

If you have any questions about insurance premium discounts, contact your insurance agent or your state comptroller office.

Note: The information provided above is based on current research from leading trade organizations: