How can I lower my insurance costs?

I want to get my car insurance cost down. Any tips that can help me pay less for coverage?

Answer
“The best way to avoid paying more for car insurance is to keep your driving record clean. You’d be shocked to discover how much your rates can increase after an accident or traffic incident! But there are also other ways that you can save on your policy.
First, make sure to shop around. Different insurance companies will offer different rates. A general rule of thumb is to get at least three different quotes. You can get car insurance quotes online or call each provider directly to talk through your pricing options with an agent.
Using an online comparison tool like Jerry makes finding the best deals online easy. Jerry does the hard work of comparing rates for you, then delivers the best deals to your phone in minutes. And the best part–shopping for insurance with Jerry is free.
Second, compare insurance costs before buying your vehicle. A portion of insurance costs are determined by how much your vehicle would cost to repair or replace. Most carriers offer discounts for anti-theft or active safety features. Be sure to know which of these systems your car may have so you can calculate how much you can save on insurance.
Another trick is to get higher deductibles. A deductible is the price you pay before your insurance covers the rest. The average deductible is $500, but choosing a $1,000 deductible can save you as much as 40% on your collision and comprehensive costs. Make sure you have enough saved to pay your chosen deductible in the event of a claim.
Companies also offer policyholder discounts based on many other criteria. This includes students with good grades, drivers with no accidents in the past three years, customers with auto and home insurance bundles, and so on.”
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Rachel Juillerat
Answered on Aug 26, 2021
Rachel Juillerat has her Master's in Publishing & Writing from Emerson College. You can view her work in the Independent, Cupid's Pulse, and the Penmen Review. She has worked in personal finance for five years before transitioning to insurance. She lives in Boston, where she spends her time exploring small New England towns, learning new skills, and napping through her cat's zoomies.
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