Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 23, 2020

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It’s all about you. We want to help you make the right car insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Car insurance comparison shopping should be easy. We partner with top car insurance companies. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Key takeaways...

  • Car insurance coverage can be expensive and, depending on your risk profile, annual premiums can easily surpass $1,000 for many drivers
  • Make sure you take time to compare auto insurance rates online to get the best rate
  • Having certain safety equipment on your car can help lower your auto insurance premiums
  • If you are buying a new car or “new to you” car make sure you compare rates for different cars before you buy

Car insurance coverage can be expensive and depending on your risk profile annual premiums can easily surpass $1,000 for many drivers.

When you factor in high-risk elements such as a luxury car, prior moving violations or even a DUI conviction its possible to receive quotes well over $2,000 annually or just simply become uninsurable by the main car insurance companies.

You have to treat the acquisition of a car insurance policy much like buying a new car and understand the tips and tricks to save money on your premiums.

Remember the extended warranty you opted not to buy from the car dealer! Well, auto insurance policies also have options which can save money on your premiums if chose correctly.

Five of the best ways to lower your car insurance rates are listed below but you can always learn more about car insurance discounts here.

Use our FREE quote tool to compare auto insurance rates today!

Table of Contents

#5 – Vehicle Safety

How safe is your car? Is your vehicle equipped with safety features which were not listed on your auto insurance application such as anti-lock brakes, a theft deterrent system or passenger and driver side airbags?

Call your insurance company and make sure to go through an itemized list of current discounts on your policy.

Many times consumers will find certain auto insurance discounts were never added since nobody took the time to ask (you or your insurance agent)

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#4 – Higher Deductibles

Choosing a higher deductible is the quickest way to lower car insurance premiums.

Many policies have a $250 deductible (meaning for any claim you pay the first $250 before the insurance kicks in).

However, by raising this deductible to the first $500 or $1,000 you could be eligible for a nice car insurance discount.

#3 – Lower Your Coverage

It is very possible to be over-insured. This is the part where you need to read your existing policy and determine how much coverage you actually have.

Some auto insurance policies provide $200,000 for property damage, however, do you really need this much?

Cross check with your homeowner’s insurance since remember your homeowner’s insurance also provides certain personal liability protection so many times consumers often have more insurance they need (just in a different policy).

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#2 – Compare Car Insurance Quotes

If you are like most drivers when it comes time to secure auto insurance you simply call your existing agent and get a new policy. Wrong.

Online car insurance comparison is one of the largest industries and many times auto insurance companies provide discounts never found through an agent online.

Also, do you know the name of all the car insurance companies in your zip code? Our bet is NO, so look online – you may be surprised at the policy options and rates available.

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#1 – Always Research the Vehicle

A large portion of car insurance rates are based on what you drive. Before buying or leasing another car make sure to get a car insurance quote before signing the purchase agreement.

Very similar models in both price and quality can sometimes be vastly different when it comes to getting auto insurance. Know the cost of your insurance before its too late.

Car insurance is mandatory but it can still be affordable. Be a smart consumer! Make sure you understand auto insurance and shop around to find the best rate!

References:

  1. https://www.consumerreports.org/car-insurance/10-tips-to-save-on-car-insurance/
  2. https://auto.howstuffworks.com/buying-selling/cg-car-insurance-tips.htm
  3. https://www.investopedia.com/articles/pf/06/carinsurance.asp
  4. https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/robertberger/2017/12/10/11-quick-ways-to-save-money-on-car-insurance/&refURL=https://www.google.com/&referrer=https://www.google.com/
  5. https://www.kbb.com/car-research/