How It Works Auto Insurance Myths Low Auto Insurance Rate FAQ 10 Ways to Lower Your Premiums

10 Ways to Lower Your Premiums

One way to get low auto insurance rates is to use our site. Here are ten other simple ways you can reduce your insurance premiums.
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  1. Compare, compare, compare. Comparison shopping is the secret to low auto insurance rates. You can do this the easy way by getting multiple quotes through our site.
  2. Increase your deductibles. You can get very low auto insurance rates by increasing your deductibles. This means you are assuming more financial risk, which enables the insurer to lower your premiums.
  3. Eliminate superfluous coverages from your policy. If your top priority is low auto insurance rates, not all coverages are absolutely necessary. You might be able to get by without medical payments or collision coverage, depending on your situation.
  4. Drop collision & comprehensive coverage if you drive an older car. Eliminating these coverages can help you get low auto insurance rates because older cars have little to no cash value.
  5. Keep your credit in good shape. Your credit score help or hinder your ability to get low auto insurance rates. Pay your bills on time to keep your credit up to par.
  6. Cut back on your driving. Insurers offer very low auto insurance rates on vehicles that are seldom driven. You might consider carpooling with a friend, carpooling, or taking the train or subway instead of driving.
  7. Maintain a clean driving record. If you keep a clean driving record for a certain number of years, most insurers will give you a discount on your premiums. For low auto insurance rates, you will have to avoid all moving violations and accidents for three to five years.
  8. Choose a low-profile vehicle. Sports cars and performance vehicles will cost more to insure because they represent a higher risk of theft, and their drivers are more likely to drive recklessly. Sedans are usually considered low-profile vehicles. In addition, driving a less expensive car in general may help lower premiums, so try to get the lowest auto loan rates you can manage.
  9. Ask about safety discounts. You might qualify for low auto insurance rates if you have certain safety and security devices installed on your vehicle, such as automatic seat belts, air bags, anti-lock brakes, etc.
  10. Ask about other discounts. Insurers offer a number of discounts for which you might be eligible, so be sure to ask your agent about them.