4 Tips to Lower Your Car Insurance Before Your Next Payment

Car insurance can be a major monthly expense, and many drivers spend way too much on their premiums. Luckily, with a few simple tips and tricks, you might be able to lower your insurance rates by hundreds of dollars a year.

Increase Your Deductible

One of the quickest and easiest ways to reduce your monthly premiums is to ask for a higher deductible. The deductible is the amount that you pay before your insurance coverage kicks in, and many drivers increase that amount when they haven’t been involved in a collision in a few years. 

You might also want to increase your deductible if you don’t drive very much and your risk of getting into an accident is relatively low.

Shop for a New Provider

If your current insurance provider refuses to alter your premiums, then you should consider shopping around for a new policy. Switching over to a new insurance company could end up saving you quite a bit of money every month, and those types of providers sometimes offer huge discounts to safe drivers. 




Before you choose a new provider, you should try to get quotes from at least three or four companies. Some providers might even match other quotes in order to get you to switch.

Negotiate a Better Rate

At least once or twice a year, you need to call your insurance provider to see if you can negotiate your premiums. As long as you are a safe driver and have a relatively clean record, you might be able to bring your premiums down with nothing more than a phone call. 

You can also call your provider and ask for a discount if your credit score has recently gone up. One of the biggest factors that insurance providers consider is a driver’s credit score, and bringing your score up by a few points could impact your rates.

Bundle Your Policies

Many large insurance companies offer a wide variety of policies, and you should see if your current provider gives discounts to those who bundle their insurance. Instead of insuring your home and car separately, you can lower the premiums by combining the two policies. 

You might also want to bundle your insurance if there are multiple drivers in your home who all have separate policies.

In addition to these few tips, you must also make sure that you purchase vehicles that are safe and secure. Your premiums might plummet if you invest in a reliable vehicle that is filled with modern security features.