4 Ways You Can Save Money on Your Car Insurance Rates



You can’t help but feel a little sting each time you submit a payment to your auto insurance company. There are likely many other things you would rather be putting your money toward. Insurance rates often tend to be high, even if you haven’t made any claims. Fortunately, there are some ways you can reduce your auto insurance rates. Check out some of the easiest ways to pay less for auto insurance.

1. Raise Your Deductible

Raising your deductible is one of the easiest ways to save on auto insurance. While $250 and $500 are typical deductibles, some insurance companies offer up to $1,000 or more. The higher your deductible, the less your premiums will cost. Just make sure you can afford the new deductible before you change your policy. This can be a good option if you know you are a safe driver and the likelihood of you causing an accident is small. 

2. Bundle Your Insurance

If you have multiple insurance policies, you can bundle them and save. For example, assume you and your spouse both have separate auto policies, and you also have a homeowner’s insurance policy. Combine all three policies to reduce your rates across the board. Along with saving money, you’ll benefit from streamlining your policies, so you’ll only have to make a single payment. Search for an insurance provider near you who offers these sorts of bundles. It will make things easier when dealing with insurance claims as well. 

3. Make Use of Discounts

Insurance companies offer a wealth of discounts that can save you hundreds of dollars each year. Common discounts include:

  • Low mileage
  • Safe driver
  • Accident-free
  • Good student
  • Defensive driving

The available discounts depend on the insurance company you use. You can speak to an agent to determine which discounts are available and what you need to do to make use of them. For example, if you opt for a defensive driving discount, you might need to take a course. If you don’t think you qualify for any of the above discounts, change your driving habits as well. Start driving more carefully, then in the future, you will be able to save a lot of money each month. 

4. Maintain a Clean Driving Record

Maintaining a clean driving record is critical if you want to save money on automobile insurance. A
single speeding ticket can increase your premiums by approximately 25 percent, and you might have to pay the higher rate for a full three years. Other violations, such as at-fault accidents, passing a school bus, and reckless driving can increase your rates as well. Work hard to keep your record clean, and if you do end up with a violation, contact a traffic ticket attorney. The attorney might be able to remove the ticket from your record before your rates increase.

Today is the perfect day to put your plan into action. Use the above-listed tips to reduce your insurance premiums. Then, use that extra money to put toward savings or for other areas in your monthly budget that bring enjoyment. 


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