Reviewed by Shannon Martin, Licensed Insurance Agent.
“Lowering your car insurance rate is a great way to cut back on bills. There are a few things you can do to pay less each month:
Shop around
Choose a car that costs less to insure
Decrease your coverage
Improve your credit score
One way to lower your car insurance may be to switch providers. Prices vary depending on which insurance company you choose, so it can be really helpful to shop around a bit to make sure you’re getting the best rates possible.
You can do the work yourself by contacting insurers directly online or by phone. But the easiest way to compare car insurance prices is through the
cost significantly less to insure. Rates are often based on your car’s price, estimated repair cost, safety rating, and likelihood of theft. If you drive, say, a Toyota Camry, your insurance will be higher because your car is more likely to be stolen.
If you have some older cars that don’t get out much, consider cutting back on your coverage for them. If your car is worth less than 10 times the premium you’re paying, it might actually be more cost effective to drop
Lastly, note that good credit history will often lower your insurance costs. Insurers use your credit info to help them price your insurance, so better credit means better rates.”
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.