Switching Provider Discount: How Much Can You Save?
Insurance can be expensive, so it makes sense to get as many insurance discounts as possible. A switching provider discount is one of the easiest and most profitable ways to save money and get affordable auto insurance. You can save over $400 a year by switching providers and you could possibly even get better coverage.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
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UPDATED: Jan 28, 2025
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- Anyone who changes their auto insurance policy from one provider to another can save money with a switching provider discount
- When switching your auto insurance policy to their company, each provider gives a different amount of savings
- Always be aware of cancellation penalties, and be sure you can cancel your insurance before changing providers
Are you looking for affordable auto insurance? You may have considered switching insurance companies, which means you may be eligible for a switching provider discount if you change providers.
Keep reading to find out about how to get an auto insurance discount, how much you may save, and how to switch carriers right now. You should also check out auto insurance rates to see what you may be eligible for.
Make sure to put your ZIP code into our free quote comparison box above to compare auto insurance quotes from local companies.
What is a switching provider discount?
A switching provider discount is when a customer moves their auto insurance policy from one company to another and saves money. Some of the leading auto insurance providers offer switching provider deals.
Others simply make general claims about how much you can save if you switch to their company.
That’s why it’s best to compare auto insurance companies yourself.
Enter your ZIP code below to compare auto insurance rates.
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How much can I save if I switch auto insurance providers?
It’s tough to say how much you could save by switching carriers for vehicle insurance, though the average savings from an auto insurance discount is 10%.
Each auto insurance company will claim a different amount of savings if you switch to them. Take a look at some examples below to get an idea:
How Much You Could Save by Switching Car Insurance Providers
| Company | How Much Money You'll Save If You Switch |
|---|---|
| 21st Century Insurance | $474 per year |
| Allstate | $400 per year ($473 per year if switching from Geico) |
| Geico | 15 percent or more |
| Progressive | $550 per year |
| State Farm | More than $500 per year |
The price of your auto insurance is determined by a variety of factors, including your age, driving record, and vehicle information, among other things.
Now that you know a switching provider discount is one of the auto insurance discounts to ask for, you can shop around for quotes from different companies.
How can I change my auto insurance company?
Before deciding to cancel your current insurance policy, you should know whether you’ll face any penalties.
Can you change care insurance before the renewal date? You may forfeit some prepaid premiums or have to pay a cancellation fee.
You can prevent a lapse in your coverage by ensuring that your current policy ends on the date your new policy begins. You may also be entitled to receive a refund from your old insurance company.
Now that you know more about finding a switching provider discount, it’s time to buy auto insurance. Enter your ZIP code into our free quote comparison tool below.