Although some of the discounts you currently receive may change, you may be eligible for certain types of new discounts and benefits under Managed Competition. Below is a list of discounts that insurance companies will be required to offer and the discounts that insurance companies will no longer be required to offer (though many will continue to do so).

Required discounts under the new system:

  • Senior Citizen Discount
  • Passive Restraint Discount
  • Anti-theft Discount
  • Low Mileage Discount up to 5,000 miles

Optional discounts under the new system:

  • Public Transit Discount
  • Multi-car Discount
  • Driver Training Discount

Group discounts, which insurers previously offered voluntarily, may or may not still be available. Group discounts are discounts insurers offer to drivers who have an affiliation with specific employers, alumni associations, or other organizations. A list of available group discounts is available on the Office of Consumer Affairs and Business Regulations website. Please note that some discounts are only available from certain insurance agents. If you are interested in a particular group discount, call the insurance company directly to find out if and how you can qualify for that discount.

Insurance companies are also introducing a number of new and different individual discounts, for which you may or may not be eligible. For example, many insurers plan to offer loyalty discounts to existing customers. Some will offer discounts for hybrid vehicles, years of driving experience, purchase of homeowners or renters insurance, driver to vehicle ratios, and in the case of students - for good grades.

In addition to discounts, insurers may offer other benefits that will not reduce premiums, but may cut down on out-of-pocket expenses in the event of an accident. For example, an insurance company may offer a "deductible credit" if you have a record of safe, incident-free driving, which will not reduce the premium cost, but will reduce your out-of-pocket expenses in the event of an accident.