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No one wants to pay more for car insurance than they need to. Compare the best and easiest ways to pay less on your monthly car insurance bill right now and the next time you shop around.
Compare the top ways to save on your car insurance to find out if you could lower your premiums.
Check your policy for optional extras you’re paying for that you haven’t used and don’t need.
Find your car’s value online on sites like KBB or Edmunds. If your car value has dropped and is close to your annual premiums, it’s time to reevaluate your coverage maximums and consider dropping comprehensive and collision.
Consider raising your deductible, which is the amount you have to pay when making a claim before you get reimbursed. A higher deductible means lower premiums. Just make sure you can afford the higher cost if you end up needing to make a claim.
You should see lower premiums by insuring your policy in the oldest or safest driver’s name and simply listing drivers with higher risk, as long as everyone driving the car is listed.
Cars kept in garages are cheaper to insure than those parked on the street. It might be worth putting your car in a garage or carport or renting a garage space from someone in your neighborhood, not only for reduced premiums but also to reduce the risk of making a car theft claim.
You could get a low mileage discount if you drive less than 35 miles a day or 13,000 per year. If you’re close to the low mileage threshold, see if you could reduce or combine your trips or carpool to lower your miles.
Make sure you’re getting rewarded where you can, and check for any new car insurance discounts you could qualify for, like a claim-free or loyalty discount. Check for any safety or anti-theft features your car has to save even more.
The best car insurer for you might not be one of the big brands. A regional or local car insurance company may have better rates than a national one. But watch out for limited coverage areas or agent-only support.
Switch car insurance providers instead of renewing, especially if you’ve been through big life changes like getting married or moving. You can also use comparison quotes to ask for a price match from your current insurer.
A few of the biggest opportunities for savings aren’t possible in the short term, but they could help you get cheaper car insurance the next time you shop around.
The next time you’re shopping for a new or new-to-you car, you’ll find lower insurance rates on safer cars or cheaper cars. When you go to pick your trim and upgrades, consider installing antitheft or security features to qualify for discounts to help lower your premiums.
Some of the cheapest car models to insure include:
Car insurance breakdown by brand
You could save hundreds on your car insurance right now with a little comparison shopping. And over time, it’s possible to lower your rates even more. Compare car insurance policies today to find out how much you could save.
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