How can you afford car insurance?

How do most people afford car insurance? I'm struggling to keep up with my monthly payments. I don't get how other people do it.

Answer
I’m sorry to hear you’re struggling. Car insurance can be expensive, so you’re not alone in your struggle. That said, there are ways to make car insurance more affordable!
Here are a few tips for bringing down your insurance premium:
  • Compare quotes from other providers: Premiums will vary drastically from one insurance company to the next, so look around before you settle.
  • Search for discounts: Almost every provider offers big discounts for multi-policy holders, safe drivers, and bundling. Call your provider and ask which discounts you may be eligible for.
  • Change your coverage: Every state has a minimum insurance requirement. While it’s best to carry higher than this limit, you can drop optional coverage, like towing or rental car coverage, to save on monthly payments.
  • Sign up for a driving-tracker program: Some providers will let you download an app that tracks your driving and provides a discount if you’re a safe driver.
  • Switch to a vehicle that’s cheaper to insure: Some cars are cheaper to insure than others. Make sure you’re driving a car with affordable insurance rates.
Each of these options alone has the potential to help you lower your insurance rate. If you pursue more than one option, you can make a real dent in your monthly payments!
For help lowering your premium, try the Jerry app. Jerry collects personalized quotes from name-brand insurance companies in minutes. Users of the Jerry app save an average of $879 a year!
Joshua Levy
Answered on Oct 20, 2021
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