Today’s cars come equipped with many safety features that can lessen the effects of accidents or even stop them before they happen. Anti-lock braking systems are one of the best safety features on modern vehicles. Anti-lock brakes are also quite common. And if your car came installed with it, you may be able to get the anti-lock brakes insurance discount.
This article will tell you how the anti-lock brakes discount works. We’ll also talk about the major insurance companies that offer it.
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What Are Anti-Lock Braking Systems (ABS)?
An anti-lock braking system (ABS) is a safety feature that helps prevent you from losing control of your car if you need to make a sudden stop. Specifically, it stops your wheels from locking up when you brake, which could cause you to skid and lose control. If an ABS is on your car, it’ll automatically pump your brakes and help your car keep its traction. Many modern cars already come with an ABS as a main safety feature.
How the Discount Works
Car insurance companies offer several types of discounts to customers. These can be for things such as customer loyalty, safe driving, or even personal things about you like your academic performance or your job. Insurers often do this to reward drivers who are less at risk of getting into accidents and, in turn, costing them money.
You can get an anti-lock brakes discount if you have an ABS installed on your car. Many insurers will also only offer it if the equipment is factory-installed. Though an after-market ABS could still help you stay safe, it likely won’t be able to help you save on insurance with most companies. Owning a car with updated safety equipment such as an ABS proves to your insurance provider that you care about safety. It’ll also help you avoid costly accident claims.
How Much You Can Save
You could see a good percentage off your car insurance rates if your car has qualifying anti-lock brakes. For instance, GEICO offers 5% off your premium if you have a factory-installed ABS. But keep in mind you could also be eligible for other vehicle safety insurance discounts if you have a new car. Common examples include:
- Passive restraints (airbags or automatic seat belts)
- Daytime running lights
- Anti-theft devices
- New car discount
Note that not every insurer offers a discount for anti-lock braking equipment. Insurance companies handle every discount in their own way, giving different savings or requirements. It’s a good idea to contact your agent to find out more about what your provider offers.
You could even try finding another company that offers better savings opportunities or rates if your insurer doesn’t have what you want. One of the most popular strategies is to compare insurance prices between top companies. You could end up walking away with a better deal.
Companies Offering the Anti-Lock Brakes Discount
Several insurance companies offer an anti-lock brakes discount. But remember, you often only get it if your ABS is factory-installed. We recommend contacting your agent from your respective insurer if you have any questions.
Below is a list of major auto insurance companies that have an anti-lock brakes discount:
Be aware that some companies may not specifically offer the anti-lock brakes discount but may still give you savings for advanced safety features on your vehicle. You also may be able to get it from local companies that aren’t listed here.
States That Require a Discount for Anti-Lock Brakes
Several states understand the importance of anti-lock brakes and have enacted legislation requiring insurance companies to offer a discount to customers with ABS installed on their vehicles. We wish more states would follow their lead because anti-lock brakes save everyone money, both consumers and insurance companies. At the time of this writing, only three states require the ABS discount:
Frequently Asked Questions
Q: Are anti-lock braking systems good to have?
A: An ABS or anti-lock braking system is a very important safety feature. It can be helpful if you find yourself in a situation where you need to stop quickly. They prevent your wheels from locking up, helping you maintain traction rather than losing control. Having an ABS on your car can also help you get a discount.
Q: Is car insurance cheaper with anti-lock brakes?
A: Car insurance can end up costing less with an ABS installed. Savings usually take the form of discounts from your auto insurer. You can also save by having other safety equipment. And you may end up in fewer accidents, saving you money, time, and grief.
Q: How do I know if I have anti-lock brakes?
A: You’ll usually know if you have anti-lock brakes when you see a light that says “ABS” on your dashboard when turning your key to the “On” or “Power” position. You could also look up your car’s model and see if it has an ABS.
Q: How do I tell my car insurance company I have an ABS?
A: Your insurer may be able to find out if your car has an ABS when you provide your make and model to them. You can also try talking to your insurer to learn about its requirements.
Q: Is it possible to retrofit my car with an anti-lock braking system?
A: It’s technically possible to install or retrofit a vehicle with an ABS, but it doesn’t make sense if your only goal is to qualify for the anti-lock brakes discount. The reason is that installation costs alone make this project one for home mechanics. The parts can reach $3,000, with most people paying an average of $2,000. Some of these costs will depend on whether the equipment is new or used.
The cost to install an anti-lock braking system on a vehicle could equal the grand you spent on a control module and four wheel-sensors. If that seems expensive, you’re right. Simply swapping old parts for new ones wouldn’t take much labor. But if you want to add an ABS to an older car without modern, fancy electronics, it requires considerable time and effort from your mechanic.