Insurers Expand Discounts as Auto Rates Climb

Car insurance rates are rising nationwide, leading drivers to seek various discounts to reduce premium costs. Insurers offer discounts such as safe driver, multi-policy, multi-vehicle, good student, loyalty, and payment-related incentives, with some requiring a clean record or participation in telematics programs. Not all insurers provide the same discounts, so consumers are encouraged to compare options before purchasing. Policymakers in several states, including Illinois, are pushing for reforms to restrict the use of credit scores and age in rate-setting, advocating that driving history should be the main factor. These reform efforts highlight concerns about economic fairness and the financial strain of required auto insurance. Legislative progress on these changes remains limited despite ongoing advocacy.