Questions and Answers
What discount applies to Mutual policyholders who have been insured with State Farm for at least 3 years without a chargeable accident?
What is required for the Defensive Driving Discount?
Completion of a Motor Vehicle Accident Prevention Course approved by the National Safety Council or a governmental agency.
The Good Driving Discount applies only to newly acquired cars if any driver has had an at-fault accident in the previous three years.
False
The ______ Discount applies to all drivers under 25 who have had no at-fault accidents or moving violations during the past three years.
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What discount is available when there are two or more private passenger vehicles insured by State Farm?
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What is needed to qualify for the Good Student Discount?
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Which of the following discounts applies to vehicles manufactured in 1994 and later?
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What is required to qualify for the Multi-Line Discount?
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The ______ Discount is available to customers with 1993 and older vehicles equipped with a factory installed passive restraint system.
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Study Notes
State Farm Discounts Overview
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Accident Free Discount (AFD):
- Available for policyholders insured for at least 3 years without a chargeable accident.
- Discount follows the policy, not the driver, and may increase over time with continued adherence.
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Defensive Driving Discount (DDD):
- Offered to drivers who complete an approved Motor Vehicle Accident Prevention Course within the past three years.
- Certification must be recognized by the National Safety Council or a governmental agency.
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Good Driving Discount:
- Applicable to new auto policies where household drivers have had no at-fault accidents or moving violations in the past three years.
- Transitions to AFD after maintaining an accident-free status for three years.
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Good Student Discount:
- For drivers under 25 who are current full-time students or have sufficiently high qualifying grades.
- Eligibility extends to those with an associate's or bachelor's degree, with or without qualifying grades.
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Multi-Car Discount (MCD):
- Applicable when two or more private passenger vehicles are insured in the same household.
- All vehicles must be insured by State Farm and owned by resident relatives.
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Multi-Line Discount (MLD):
- Available when a policyholder holds another qualifying insurance line, such as homeowners, renters, life, health, and more.
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Passive Restraint Discount:
- Offered to owners of vehicles from 1993 and older with a factory-installed or federal safety-compliant passive restraint system.
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Steer Clear Discount:
- Available to drivers under 25 with no at-fault accidents or moving violations in the past three years who also complete the Steer Clear program.
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Vehicle Safety Discount (VSD):
- Offered for vehicles manufactured in 1994 and later, based on an annual review of loss experience related to make and model.
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Description
Test your knowledge on State Farm discounts with these flashcards. Learn about key discounts like Accident Free Discount and Defensive Driving Discount to better understand your insurance options. Perfect for current or potential policyholders looking to maximize their benefits.
