Tips For Lowering Your Auto Insurance Premiums

Last updated: March 29, 2016

Spend a Few Minutes To Save a Little Money

For tips directed specifically at young drivers and their parents click here.

Shop Around

Compare premium rates for identical coverages and terms.

Drive Carefully

Maintain a good driving record that doesn’t have moving traffic violations and/or chargeable accidents.

Raise Deductibles

Raising your deductible on comprehensive and collision coverage can lower your monthly premium. However, that will raise your out-of-pocket expense if you do get in an accident.

Determine the Cost of Insurance Before Buying a Car

The make, model, and color can increase your premium rates.

  • Young Singles: Avoid high performance or “turbo cars.” A turbo engine can add more than 10 percent to your premium. 

Consider Having Only Liability Coverage

You can save on your premiums if you have only liability coverage. If your vehicle's value is less than $3,000, consider forgoing full coverage (comprehensive/collision).

Keep Your Coverage Up to Date

Review your personal automobile insurance coverage periodically with your agent and update if necessary.

Consolidate Plans

If you insure two or more vehicles with the same company, you may get a discount.

Ask About Your Car's Features

You may get a discount depending on your car's safety features. This includes things like airbags and anti-lock brakes.

Bundle Your Insurance

Often insurance providers will give you a discount if you have other insurance policies with them: things like homeowners, renters, life, or health insurance. 

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