![]() Bump Up Your DeductibleĪnother common way to save is by choosing a higher car insurance deductible. You can compare car insurance costs for different car models by requesting quotes online or contacting an independent insurance agent. The most expensive cars to insure were the Tesla Model S Performance, Lexus ES 300H and Volvo XC90 T8 Inscription. We found that the Honda CR-V, Jeep Wrangler Sport and Subaru Crosstrek were the least expensive cars to insure. Insurers look at the frequency and cost of and past claims for specific models when setting their rates. If you’re looking to buy a new or used car, consider how the type of car you choose will impact your car insurance cost. This discount usually applies to drivers over a certain age (such as 50 or older), but it can shave 5% to 10% off your car insurance costs. Get DefensiveĪnother way to cut car insurance costs is by taking an approved defensive driving course. If you have a teenage or young adult driver in school, you can find car insurance discounts for students. You’ll also find discounts for insuring more than one vehicle, car safety features and paying your premium in full. For example, a good driver discount can save you between 10% to 40%, depending on the insurance company. Car insurance companies offer more than a dozen common discounts. Look for Discountsīundling is hardly the only car insurance discount out there. You can also bundle your auto with other types of insurance, such as condo, motorcycle and life insurance. If your residence is a rental, you may want to consider an auto and renters insurance bundle. For example, the best home and auto insurance bundles offer discounts that range from 6% to 23%, based on Forbes Advisor’s analysis. That’s when you buy more than one type of insurance from the same company. Bundle UpĪ good way to save on insurance is a multi-policy discount, also known as a bundling discount. Just be certain not to have a gap in coverage to keep your rates low. You can get free car insurance quotes online or by contacting an independent car insurance agent.ĭon’t be scared to switch car insurance companies if you find auto insurance savings elsewhere. To save money on car insurance, only buy the coverage you need and skip extras you don’t, such as rental reimbursement if you own an extra car. Make sure you compare identical policy coverage and limits so it’s an apples-to-apples comparison. Insurers don’t price their policies the same so the best way to find a good price is to compare car insurance quotes from multiple insurers. Get Thriftyīargain shoppers love to sift through product reviews and hunt down good deals for everyday items like frying pans and smartphones, but too many folks neglect to employ the same strategy when shopping for car insurance. Six Smart Ways to Save Money On Car Insurance 1. ![]()
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