How do you lower your premium on car insurance?

What's the best way to lower your car insurance premium? I'm planning on buying a new car but I don't know if I can keep up with my payment plan and a new insurance premium.

“Car insurance premiums are one of the biggest costs to car ownership. That being said, there are steps you can take to ensure your premium stays as low as possible like keeping a clean driving record and knowing your options!
Here are a few easy tips for lowering your premium:
  • Shop around. Premiums can vary drastically from company to company, so make sure you’re looking for the best deal and not just settling for the first provider your find.
  • Know what you’re paying for. Car insurance premiums are partially based on the car’s price, the cost to repair it, its safety record, and the likelihood of theft. Understanding these costs before buying your car will make sure your premium stays as low as possible.
  • Drop extra coverage. Some coverages, like collision and comprehensive, might be unnecessary for older cars. If the vehicle is worth less than 10 times the premium, those coverages are probably not cost effective.
  • Maintain a good credit record. Most insurance companies use your credit score to inform their policy rates. Maintaining a strong credit history can ensure your premium is lower from the start.
The process of lowering your premium can seem a little overwhelming. But don’t stress—the Jerry app can help you find affordable rates from top name-brand insurance companies! Jerry will gather competitive quotes in under a minute and deliver low-cost rates directly to your phone for free.”
Joshua Levy
Answered on Sep 20, 2021

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