In this world, nothing is certain but death, taxes and car insurance. Okay, maybe that’s not the exact quote. 

But, if you drive a car, you certainly are going to need car insurance. And, if you need car insurance, you don’t want to pay a penny more for it than you need to. 

These premiums can run into the hundreds per month and thousands per year. And reducing your rates can add up to some nice size savings. So in this article, we’re going to look at how to lower car insurance premiums. 

How To Lower Car Insurance Premiums

Lowering the premiums of your car insurance may seem like a difficult, complicated task. However, there are some good options out there to check out. A little bit of legwork on your part can add up to some nice savings. 

Here’s a quick overview of some of the ways to lower your car insurance rates. We’ll dig into them more below.

  • Comparison shopping
  • Look for the right coverage
  • Ask for higher deductibles
  • Bundle your insurance plans
  • Have a good credit record
  • Enroll in a defensive driving course

Comparison Shop

The first advice that we’ll offer may seem obvious, but most people don’t do this regularly. If you want lower premiums, look for a car insurance company that offers low premium rates. Shopping around is one of the best ways to lessen the burden of having to pay more than you have to each month or year. 

You can look for car insurance companies that offer cheap policies using the internet. Another way to search for a cheap car insurance plan is to call local companies directly. 

Just keep in mind, the company with the cheapest rates may not be the best option. Make sure you go with a reputable insurance company that will stand behind you and pay up if you have an accident.

Look For The Right Coverage

In car insurance, there are many types of coverage. These types of coverage include liability coverage, collision coverage and more. 

What we would suggest is that you check your state’s coverage requirements for car insurance. Then once you do, try choosing that coverage as the first priority. 

It is up to you whether you will add other coverage or not. 

Ask For Higher Deductibles

Higher deductibles mean lower premiums. It’s that simple. Just be careful. If your deductibles are too high, you will have to pay a good chunk of change out of pocket if you get in an accident. 

Bundle Your Insurance Plans

Some insurance companies offer more than one type of insurance. For example, they may offer both home and car insurance. 

If you bundle the different types of coverage together (or at least get policies from the same insurance company), that can often get you a nice discount on your rates. 

Have A Good Credit Record

To achieve that, we suggest that you pay your bills on time and not get more credit than you need. Having a good credit record impresses insurers and will think of you as a less risky policyholder. 

Enroll In A Defensive Driving Course

This option will cost you a little upfront and will take a few hours of your time. But it may be totally worth taking a defensive driving course. This can earn you a multi-year discount on your premiums.

Also, if you’ve been in an accident, taking a course like this may be a good way to reduce the points on your license. 

Other Ways To Save

There are other things you can do to lower your car insurance rates. These include driving fewer miles each month (low mileage discount), having a car alarm, signing up for online statements, military discounts, workplace discounts and more. 

So, as you can see, there are a lot of options out there to lower those insurance premiums. At least a few of the options up above should be able to help you lower yours.

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