5 Tips to Lower your Car Insurance

Aside from having a clean driving record, there are several ways in which you can keep your car insurance costs low. Check them out below:

Question Higher Deductibles

You pay deductibles before your set insurance policy starts. As backwards as it sounds, asking for a higher deductible can actually lower your car insurance costs. Asking to raise your deductible from $200 to $500 may reduce your comprehensive coverage costs by 15 percent to 30 percent. Be sure you can effort to pay this deductible however, if you do have to a claim to pay.

Low Mileage Discounts

If you’re someone who drives a relatively low number of miles, it may be worthwhile to look into low mileage discounts. Several car insurance companies will offer these discounts to motorists who drive less than average, or drivers who car pool to work. Find out if this is applicable to you to save more today.


Reduce coverage on older cars

Consider dropping collision and/or comprehensive coverages on older cars. If your car is worth less than 10 times the premium, purchasing the coverage may not be cost effective. Auto dealers and banks can tell you the worth of cars. Or you can look it up online at Kelley’s Blue Book (www.kbb.com). Review your coverage at renewal time to make sure your insurance needs haven’t changed.


Buy your homeowners and auto coverage from the same insurer

Many insurers will give you a break if you buy two or more types of insurance. You may also get a reduction if you have more than one vehicle insured with the same company. Some insurers reduce the rates for long-time customers. But it still makes sense to shop around! You may save money buying from different insurance companies, compared with a multi-policy discount.


Seek out other discounts

Companies offer discounts to policyholders who have not had any accidents or moving violations for a number of years. You may also get a discount if you take a defensive driving course. If there is a young driver on the policy who is a good student, has taken a drivers education course or is away at college without a car, you may also qualify for a lower rate.

When you comparison shop, inquire about discounts for the following:*

  • Anti-theft Devices

  • Auto and Homeowners Coverage with the Same Company

  • Defensive Driving Courses

  • Drivers Ed Courses

  • Low Annual Mileage

  • Long-Time Customer

  • More than 1 car

  • Student Drivers with Good Grades

*The discounts listed may not be available from all insurance companies.

The key to savings is not the discounts, but the final price. A company that offers few discounts may still have a lower overall price.




Benzinga, Alexis Raskin. “Lowering Your Car Insurance: 5 Tips To Help You Save.” Yahoo! Finance, Yahoo!, 5 June 2019, finance.yahoo.com/news/lowering-car-insurance-5-tips-195115969.html.


“Nine Ways to Lower Your Auto Insurance Costs.” III, www.iii.org/article/nine-ways-to-lower-your-auto-insurance-costs.

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