What are the factors that lower the cost of your car insurance?

Several factors affect how much you pay for car insurance. Some of these — such as your age — are out of your control. But there are ways to make your car insurance less expensive . These include switching insurance companies, changing your coverage levels, improving your credit score and improving your driving record.

What to do if your car insurance is too expensive?

There are various ways to reduce car insurance costs . You can start by asking about discounts, raising your deductible or lowering your coverage levels. Maintaining a good credit score and driving record can lower your premium. Taking a defensive driving course, bundling auto and home insurance, swapping out your car and shopping around for quotes can also help.

What are the factors that affect how much car insurance will cost you?

Factors that can make car insurance expensive include your age, location, credit history, driving record, vehicle type, insurance provider and coverage level. Depending on these, you can either get higher or lower premiums.

How to Reduce Your Car Insurance Costs

Name: How to Reduce Your Car Insurance Costs
Item: How to Reduce Your Car Insurance Costs
Author: Karon Warren

Insurance premiums can be high. Fortunately, there are ways to lower car insurance costs, like improving your credit and driving record and getting discounts. With time and effort, you can save hundreds of dollars.

ByKaron Warren

Reviewed byMark Fitzpatrick

Updated: October 29, 2023

Advertising & Editorial Disclosure

About Karon Warren

A long-time freelance writer, Karon Warren has covered finance, insurance, health care, business, travel and other topics for such outlets as Lending Tree, Student Loan Hero, Healthgrades, USA Today and others.

sources

Insurance Information Institute. "What determines the price of an auto insurance policy?." Accessed August 7, 2020.
Insurance Information Institute. "Nine ways to lower your auto insurance costs." Accessed August 7, 2020.
Insurance Information Institute. "Understanding your insurance deductibles." Accessed August 7, 2020.
Progressive. "Get Snapshot from Progressive." Accessed August 7, 2020.
State Farm. "Drive Safe & Save™ Mobile for Your Smartphone." Accessed August 7, 2020.
New York State Department of Motor Vehicles. "About Point Reduction." Accessed May 19, 2023.
State of California Department of Motor Vehicles. "Retention of Driver Record Information." Accessed May 19, 2023.
Insurance Information Institute. "Background on: Credit scoring." Accessed May 31, 2023.

How to Reduce Your Car Insurance Costs

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