"@type": "Person", Based on the elements it measures acceleration, braking and other benchmarks it will assign a discount to your policy, which can be up to 30%. What 3%, 5%, 10%, and 20% Down Looks Like In Real Dollars, Crypto Winter Could Be Over If Bitcoins Price Does This, According to One Expert, Get expert financial tips delivered to your inbox. Before you buy a new car, get a new quote from State Farm to see how it will affect your rate. "publisher": { The State Farm defensive driving discount can last for as long as three years in most states. Getting State Farm's safe driver discount is relatively straightforward. Video: State Farm Drive Safe & Save Review, Get unlimited free credit scores & reports. To learn more, check out WalletHub's guide to State Farm discounts. Pass the defensive driving course. If you want to save money using any auto telematics discount program, you need to be a careful driver. Set up the Bluetooth beacon(s) that State Farm will send you by mail. OnStar, for example, is one of the more popular auto telematics systems. After you start logging trips, the discount will be applied when you renew your policy. Specifically, Drive Safe & Save tracks miles driven, acceleration, braking, turns, speed, and distracted driving. Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offers details page using the designation "Sponsored", where applicable. My Husband Flipped Over Series I Savings Bonds Rates. It will last as long as you continue to drive fewer than 7,500 miles annually. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Make sure you know what habits Drive Safe & Save monitors, and see how they match up with your individual circumstances. It works. It Is Harder, But It Is Still Possible, How Much People Pay for Down Payments in Every State. It tracks how much and where I drive. State Farm and other U.S. auto insurance providers don't yet offer dash cam discounts like those available in other countries, though having a dash cam may still be useful for the purpose of providing evidence to an insurance company. Keep in mind that your definition of safe driving might differ from State Farms. Drive Safe and Save is based on your mileage and driving habits. If the app clocks your mileage at over 7,500 miles annually, then your policy renewal will reflect the higher mileage in your premium. Most major insurance companies have introduced telematics programs as a way to give good drivers a discount, since safe drivers are less likely to get into an accident or file a claim. Get a discount just for signing up! Drive Safe & Save doesnt track that data. Again, if youre in busy traffic, keeping your score up in this area might be difficult. Worst of all, I'm getting repeat offences for phone usage, but they're all when I'm parked at my destination and grabbing my phone off my dash holder. Does State Farm offer a dash cam discount? All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. 2022 Bankrate, LLC. Other factors that could cause State Farm to raise your rate include getting into an accident, being convicted of a moving violation, and adding coverage to your policy. "@context": "http://schema.org/", After signing up, the State Farm Drive Safe & Save program automatically gives you a 10% discount. "name": "State Farm Insurance Agency", State Farm is especially cheap for young drivers in particular. The program monitors things like how quickly you accelerate, your speeding habits, how hard you brake, how fast you take corners, and if you use your cell phone while you drive. Bankrate.com is an independent, advertising-supported publisher and comparison service. "itemReviewed": { Weve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Plus, State Farm rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto. "description": "With many car insurance cost factors outside your ability to control, programs like Drive Safe and Save allow for potentially lower rates based on monitoring driving habits. Your web browser (Internet Explorer) is out of date and no longer supported. State Farm customers can save up to 30% on their auto insurance policies by participating in this safe driver discount program. State Farms Drive Safe & Save Can Cut Car Insurance Premiums by 30% for Very, Very Careful Drivers, Courtesy of State Farm Insurance/Getty Images, By providing your email, you agree to the. Finally, if you're still struggling to afford your State Farm policy, you should consider switching insurers. "@type": "Person", I'm disgusted! We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. You can also contact State Farm customer service at 800-STATE-FARM (800-782-8332) if youre unsure whether Drive Safe & Save is available in your state. At NextAdvisor were firm believers in transparency and editorial independence. Drive Safe & Save and other usage-based programs use auto telematics, which is technology for monitoring vehicles. That's because State Farm has special savings opportunities for drivers in this category, such as discounts for students who maintain at least a 3.0 GPA. Yes, State Farm offers a type of pay-per-mile insurance called Drive Safe & Save. This is one area where you can. Please consult a licensed insurer or producer regarding any insurance product. In order to use Drive Safe & Save, drivers need to keep their Bluetooth and location services turned on, which will allow the app to automatically log trips when it detects driving activity. State Farm says it understands that braking quickly is sometimes unavoidable, but doing it often can mean youre following the car in front of you too closely. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. "name": "State Farm Drive Safe and Save Insurance Review", For drivers State Farm car insurance, the Drive Safe and Save program could be another opportunity to save money on car insurance. Ever wondered if being a safe driver could save you money on auto insurance? Here's How to Take Advantage, Recap of NextAdvisors Latina Women on FIRE Event, How to Give Up Amazon for Good, According to a Mom Who Did It. To learn more, check out WalletHub's review of State Farm and see State Farm's full profile. NextAdvisor may receive compensation for some links to products and services on this website. State Farms Drive Safe and Save program doesnt calculate prior tickets or accidents when determining discount amounts. No, only the car receiving the discount must participate. Bankrate has answers. Let us know what questions you still have about this topic or any others. If those readings show the customer has increased their driving to more than 7,500 miles per year, they will lose the discount. State Farm Drive Safe & Save is worth it for safe, low mileage drivers who do not mind being monitored for insurance purposes in return for savings of up to up to 30%. State Farm Drive Save and Save never increases premiums for bad driving, so policyholders will never be penalized for trying the program. I'm getting knocked down on my score for random breaking events. We do not cover every offer on the market. In order to receive a State Farm good driver discount, drivers must be accident-free for three years. Since State Farm wont ever raise your rates for using Drive Save and Save, its worth trying the program if youre comfortable with the companys data and privacy policies. Normally I wouldn't care, but this could affect how much I'm charged for my insurance so it really can't be doing this. It's getting better but still has a lot to go. } Here's an explanation for how we make money. If you practice bad driving habits while using Drive Safe & Save, State Farm will not raise your base premium. From there, State Farm will monitor driving habits to determine the discount amount that may be applied to the policy. If youre driving less these days than you used to, like many Americans are because of the pandemic, you might be able to shave a few bucks off your monthly auto insurance bill if you are willing to trade some of your privacy in exchange for a discount. This is technically usage-based insurance, which is similar to pay-per-mile coverage because it factors mileage into premium calculations, but it also considers driving habits such as distracted driving. As a result, having good credit makes you less of an insurance risk, which will reduce your rates over time. During the program, its even possible to use the Alexa app to check the status and amount of the Drive Safe and Save discount. After you get into an accident, you will have to wait three years in order to qualify for the discount again. Youll be assigned a safety rating based on your driving habits. State Farm Drive Safe & Save reviews your score and assigns your discount based on your annual mileage and driving characteristics, the company says. Drive Safe & Save from State Farm tracks these behaviors using the Drive Safe & Save smartphone app. We do not include the universe of companies or financial offers that may be available to you. Its also worth noting that the apps reviews are positive overall. Present State Farm with your defensive driving course certificate of completion. Opinions expressed here are the authors alone and have not been approved or otherwise endorsed by any financial institution, including those that are WalletHub advertising partners. 
Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. 
I am NOT enabling location all the time. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Your discount can decrease or increase during this time. We reduce industry jargon so you get the clearest form of information possible. You will only be able to download the app received in the form of a link if your smartphone is compatible. I would like to subscribe to the NextAdvisor newsletter. They focus on the points consumers care about most price, customer service, policy features and savings opportunities so you can feel confident about which provider is right for you. }, Why does it need my location permission when app is not in use? This story has been updated with new information from State Farm. Before you go, sign up for our newsletter to get NextAdvisor in your inbox. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake, Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. One option that may help reduce your premium is State Farms Drive Safe and Save program, which is designed to reward safe drivers with discounts on their car insurance. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Qualified drivers can save up to 15% on their State Farm car insurance bill by completing an approved defensive driving course, depending on their state, age, and other factors. State Farm offers a good driver discount but does not advertise a specific amount, since it varies by state. The program does not monitor tickets or traffic stops. For example, if you're ever in an accident, a dash cam could record important information about the cause of the accident, including whether or not you were at fault. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. You can do this by checking your Drive Safe & Save account page, checking your bill, or contacting a State Farm representative. Just bear in mind that some details vary from state to state. "review": { A Red Ventures company. Using your phone The app tracks your phone use whenever the car is moving, so looking at your phone while driving will affect your safety score. Smartphones and GPS have made these discounts easily available to anyone willing to have their driving tracked by an insurer. The Drive Safe & Save app is available for iPhone and Android smartphones. Use the data the Drive Safe & Save app collects about your driving habits to see how you can become a safer driver and apply that knowledge while you're behind the wheel.