How do I lower my car insurance rates?

I recently took a pay cut and am looking for ways to lower my monthly bills. How can I pay less for my car insurance?

“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 Jerry app. Jerry will collect quotes for you for free, so you can compare rates quickly and easily.
Consider the vehicle you’re driving, too. Some cars 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 collision and/or comprehensive coverage.
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.”
Liz Jenson
Answered on Sep 21, 2021

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
4.7/5 Rating on App Store