Otto Insurance offers a variety of discount options that can help you lower your auto insurance costs. These offers are designed to reward drivers who are careful and take steps to reduce their risk. Knowing what offers are out there and how to take advantage of them can help you lower your insurance costs and still get the coverage you need.
1. Safe Driving Discount
Otto Insurance’s Safe Driving Discount is one of their most common offers. If you’ve never had an accident or received a ticket while driving, you may qualify for this offer. Make sure your driving record is good and Otto knows that you’re unlikely to file a claim. That’s why they lower your rates.
In most cases, you must have been accident-free for at least three years to qualify. This deal can be important because it can significantly lower your overall rate.
2. Multi-Vehicle Discounts
If you have more than one car insured with Otto Insurance, you may qualify for a multi-vehicle discount. If you insure multiple cars on the same policy, you can save on your premium per vehicle. This offer can be a good option for families or individuals with multiple vehicles.
To take advantage of this offer, make sure that all eligible cars are listed on your policy. If you own multiple cars, trucks, and SUVs, you may still qualify for premiums for multiple vehicles.
3. Low Mileage Discounts
Otto Insurance offers low mileage discounts for people who don’t drive often. If you drive less, you’re less likely to get into an accident. Otto will lower your premium in return. People who don’t use their cars often, such as those who work from home or take the bus, will appreciate the savings.
In most cases, you must drive less than a certain number of miles per year to qualify for this benefit. Make sure you’re getting the best premium by tracking your mileage annually.
4. Offer student discounts
Otto Insurance offers discounts to high school students who have good driving skills. If you’re a full-time student with a high GPA (usually a B or higher), you can get a discount on your auto insurance. The offer is based on the idea that kids who do well in school are more likely to become careful drivers.
You can take advantage of this benefit even if you live out of state but are still covered by your parents’ insurance. To take advantage of this offer, make sure you have excellent grades.
5. Anti-theft discount
If your car is equipped with anti-theft devices such as an alarm, GPS tracking system, or steering wheel lock, you may be able to get a discount on your premium with Otto Insurance. These gadgets can reduce the chance of your car being stolen, and therefore the risk to the insurance company.
Installing these devices can save you money in the long run. And since many new cars already have built-in anti-theft technology, you can probably take advantage of it right away.
6. Homeowner Discounts
If you own a home, Otto Insurance can give you a discount. Insurance companies often offer discounts to homeowners for being smarter about their finances and paying their bills on time. You can also save more on your auto insurance if you get your homeowners insurance through Otto Insurance.
If you want to save as much money as possible, you can bundle your home and auto insurance with Otto. This can give you a bigger discount on both plans.
7. Paperless Billing Discount
Otto Insurance offers a paperless billing discount to customers who choose to receive their bills online instead of by mail. It’s an easy way to save money and help the planet by using less paper.
To take advantage of this offer, you must opt for paperless billing and make sure your account is set up to receive data electronically. This is a quick and easy way to lower your rates without having to do anything extra.
8. Full Payment Discount
Otto Insurance offers a discount on the full premium to customers who pay their entire premium in one go instead of monthly. This benefit is offered to customers who pay their insurance premium in one go instead of in installments.
In addition, by paying off your debt in full, you avoid interest or late fees that may be added to your monthly payments. If the cost is not too high, this offer can be an easy way to lower your annual rate.
