How do I lower my car insurance payment?

I pay $150 a month for insurance. I can afford my current payment, but if I could lower it, budgeting would be easier. What are ways that I can lower my monthly payment?

Answer
While you can afford your current car insurance payment, saving money is a reasonable goal.
One way you can lower your monthly payment is by looking at your current coverages. If you have a financed or leased vehicle, you can’t reduce or remove your comprehensive coverage and collision coverage, but you still have options!
Removing optional coverages like towing and labor or roadside assistance can help you save a bit of extra money every month. You can also call to speak with an agent at your insurance company to confirm what coverages you can reduce or remove to cut your premiums.
While speaking with your agent, see if you’re eligible for additional discounts. Enrolling in a driving behavior or telamatics program is a great way to save without having to do any extra work.
Beyond having the right amount of coverage and discounts, always shop around.
Comparison shopping with multiple companies is a great way to find the most affordable rates. You can shop around by requesting quotes from companies yourself or with Jerry.
Jerry collects quotes from the top insurance companies and helps you switch plans without any hassle!
Ideally, you should find a new policy or enough discounts with your current company to help you budget and lower your monthly payment.
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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