Updated October 1, 2016 . AmFam Team
When it comes to your coverage, we know that price plays a big role in your final decision. That’s why we offer a variety of insurance payment discounts — to reward you for being smart about your protection. So, whether you’re a new customer or you’ve been with us a while, it’s important to get to know all of the billing discounts you can take advantage of. Here’s a list of policy types that can help you score a discount:
Keep in mind that discounts will vary by state, which is why having a conversation with your American Family agent (Opens in a new tab) about which discounts you might qualify for is a smart move. There are so many ways to save. On average, bundling your auto and home policies with American Family Insurance could land you an insurance payment discount of up to 23%.*
American Family’s bill payment options are simple and convenient. The following billing payment discounts are the most common discounts to take advantage of, and we’ll walk you through just how to get them.
When you sign up to receive all of your billing statements electronically, you can save on monthly billing fees by taking advantage of the Paperless Billing Discount. After your policy is set up, you’ll have 10 days to enroll in paperless billing before the discount is removed from your policy. Enrolling is easy, simply sign up for My Account (Opens in a new tab) and opt in for Go Paperless in the Payments & Billing section.
Now you can add convenient automatic payments for a secure and simple way to pay your bill and land an insurance payment discount. When you automate your payments — whether you’re paying monthly or semi-annually, you could qualify for an Auto Pay and Automated Funds Transfer discount.
And we offer two ways to qualify for this discount. No more worrying about due dates, you get to pick the payment date and method that works for you. Whichever way you choose, getting the Auto Pay Discount is easy — it only requires a few minutes of your time to qualify, so take a look at the options below to see which one fits you best.
If you prefer to set up and manage automatic payments on your own, enrolling in My Account (Opens in a new tab) is the way to go:
Once enrolled, you'll only receive a paper billing statement when changes are made to your billing account. Paperless statements will be sent to your email account, and they’ll also be available to you online. My Account makes your busy life a little simpler. It’s quick, it’s easy and it’s available anytime, from any internet-connected device.*
When you pay your American Family bills through our Automated Funds Transfer (AFT) option, your payments are automatically deducted from your checking or savings account the day they're due. Here’s what you’ll need to know:
If you'd like to start using AFT, contact your American Family Insurance agent. It’s a great way to get peace of mind, knowing that you’ll be paying on time, every time.**
The Full Pay Discount is just what it sounds like — pay your bill in full, then get a discount. In order to qualify for this discount, you’ll need to pay for the entire term of your policy at the time of purchase. When you do, you can qualify for a one-time premium-reducing discount.
You’ll have three days after finalizing or renewing your policy to pay your premium completely, using any accepted form of payment. It’s important to get your payment in as soon as possible, as this discount will be removed from your policy if payment isn’t received in three days.
*Customers who bundle auto and home insurance policies may save up to 23% on both policies together (as of October 2021). Discounts may vary by state, property, policy form and company underwriting the auto and/or home policy. Discounts may not apply to all coverages on an auto or property policy.
**Certain restrictions apply. For complete details on discount qualification, contact your agent today.
This article is for informational purposes only and includes information widely available through different sources.