How To Lower Car Insurance Premiums

You can lower your car insurance rates by doing the following: Consider raising your collision and comprehensive deductibles. Check to make sure you are receiving all of the available discounts including multi-policy, 55 and retired and alarm system.

Paying off your car often means you are now the sole owner of your vehicleAny third party that retained a financial interest in your car is normally removed from your policy once you are sole ownerWhile paying off your car does not immediately lower your insurance, you may be able to change your policy to reduce your costs More items...

One of the best ways to keep your auto insurance costs down is to have a good driving record. Shop around. Prices vary from company to company, so it pays to shop around. ... Before you buy a car, compare insurance costs. Before you buy a new or used car, check into insurance costs. ... Ask for higher deductibles. ... Reduce coverage on older cars. ... Buy your homeowners and auto coverage from the same insurer. ... Maintain a good credit record. ... More items...

All you need to do is contact your insurance company and tell them you want to reduce your deductible.Make sure you weigh the benefits with the consequences of lowering your deductible.You will pay a little more each month if you reduce your deductible.You will have less out of pocket if you cause an accident and you have a lower deductible.