Learn how to lower car insurance. Try these easy tips to save money without much work.

Does your car insurance premium just get higher and higher year after year? Check out these 5 easy tips to lower your car insurance bill so you can save money.  Learn how to save money on your car insurance.  #onecrazymom #savemoney #moneysavingtips

How to Lower Car Insurance

Car Insurance rates are not always what they should be. In fact, good (and bad) drivers all over the country are riding around with rates that are inflated and they don’t even know it.

The reason for this is quite simple…most drivers pay without questioning anything. They get comfortable with a company or they simply go with whoever their friends or family are insured with.

There is only one way really to know if you are paying too much. You have to ask questions and do some homework when it comes to car insurance costs.

Many factors can contribute to the cost of insurance and it will vary for everyone. Some of these factors include: driving history, driving record, credit history and even safety features on your vehicle.

Other determining factors include if you have a young driver or any moving violations. Also, whether you have a no fault accident history or fault accident on your record. If you have taken a defensive driving course, that can also help to lower your rates.

As you can see, there are many deciding factors that impact the cost of insurance and how much each person pays.

Five things you can do to lower car insurance:

Photo of a woman putting coins in a piggy bank.


1. Compare your rates

The very first thing you should do is to simply sit down and compare your rates. Compare them with every single company you can locate.

This can save you a ton of cash with nothing more than a phone call. You can almost always find a better rate with this easy method.

We do this all the time and it works great. Stop being company loyal and start being “saving money” loyal. You definitely want to get an insurance quote from various companies.

Once you compare quotes, it will be obvious which company to go with. Make sure to make a list of what each company offers and the type of coverage.

Then you can go back and review the list and compare each company. It can be easy to forget which company said what. I would definitely suggest keeping track of each one you call on a notepad.

2. Forego Comprehensive Coverage

Comprehensive coverage makes sense and is even required on newer cars in some places. However, older vehicles are simply eating your cash.

If you have an older car that you can trim coverage, do so. There is no need to pay for full coverage on a car that is not worth that much to start with.

Basic coverage will do just fine and you can save the difference to help pay for a another car when needed.

3. Get The Discount List

Most car insurance companies have a comprehensive list that you can refer to and find out if you are qualified for discounts. These might be for any number of things like safe driving, military discounts, medical discounts, minority discounts and countless other things.

Investigate it completely and see what you are missing out on. You might be surprised!

For example, did you know that most companies will give you a discount if your house and car are insured with the same company? This bundle type of discount can mean big savings for many people.

Many companies will allow you to bundle homeowners insurance, life insurance and car insurance together. The savings is significant with bundling. It is always a good idea to just check and see.

4. Pay Your Premiums At Once

Forget that nasty installment plan and go ahead and pay all at once. That alone will save you fees and various other expenses you incur along the way.

Although it is simple and the savings are small, that is free money you are passing on. If you are concerned about having the money when it is due, try this tip.

Just pull that money out each month and put it in a saving account. Once your bill comes in for the 6 month premium, you will have the money saved up. This is an easy way to make sure you have the money when you receive the bill.

5. Raise Your Deductible

Your insurance rates are tied directly with the deductible. Higher deductibles will lower your rates drastically.

Although there are some risks with this, it is worth finding out what the difference in rates would be. If they are significant enough, you can put the savings into an account until the deductible amount is there.

Then future savings can be in your pocket instead of the car insurance offers. I was shocked when my friend had a $50 deductible on their car.

After I told them to raise it, they were able to save HALF in their insurance premiums just by raising their deductible. That is a lot of money to save each month and can be used for other things.

It never hurts to ask and just check. You might be surprised with the amount you can save.

How to save money on car insurance

Now, you have 5 simple and easy tips to save money. All of these are very easy to do and won’t require much time.

The savings far outweighs the time spent. Not only is it a good idea to do this at least once but it is best to review it often. Many factors can change so it is a good idea to review your car insurance on a regular basis.

It really is too easy to get in the habit of just paying the monthly premium without giving it much thought. However, the savings can be significant so make sure to keep a regular check on this.

The savings are worth the minimum time needed to see if you can save extra money. Those savings will add up and can be used for other things in the budget.

Do you have any tips to save on car insurance premiums? Please leave a comment letting us know.

Does your car insurance premium just get higher and higher year after year? Check out these 5 tips to lower your car insurance bill so you can save money.  Learn how to save money on your car insurance.  #onecrazymom #savemoney #moneysavingtips

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Does your car insurance premium just get higher and higher each year? Check out these 5 tips to lower your car insurance bill so you can save money.  Learn how to save money on your car insurance.  #onecrazymom #savemoney #moneysavingtips

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  1. carrie says:

    Thanks for sharing Eric!