How do I lower my car insurance bill?

My annual policy is renewing soon. I usually pay in full, but my bill is $1,200 for the next year. I like my policy, but definitely can't afford that. How do I lower my bill?

Answer
Paying in full is a great way to save money, but if your insurance rates increase, what’s the point?! Most people can’t pay a large sum of money out of pocket, so you’re not alone in wanting to lower your bill. Thankfully, you have a few options.
Since you like your current policy, talk with your car insurance company. You may be eligible for additional discounts or have the option to adjust coverage on your policy to save money.
If you have a clean driving record and not necessarily a need for speed, consider enrolling in a telematics or driving behavior program. These programs track your driving and provide discounts based on how safe of a driver you are.
Even if you like your current policy, there’s no harm in shopping around. Every insurance company offers different rates and you may find a lower annual rate elsewhere.
Should you not be able to find a more affordable annual premium, consider changing your payment method. If you currently pay in full with a credit card, you may save by paying with EFT or bank account. While this won’t save you money, you could also change to monthly payments, which would reduce what you need to pay upfront.
And don’t forget about Jerry. Jerry is an app that compares the best policies from top providers in seconds so you always get the best rate possible for your money!
Emily Maracle
Answered on Oct 25, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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