Can You Negotiate Car Insurance Rates?
You may be wondering if you can ask your car insurance company to lower your rate. The answer is that you likely won’t be successful. However, there are several ways to reduce your auto insurance costs.
For example, you can take the time to gather quotes from multiple insurers and compare prices to find the best rates for you. Another option is to explore possible discounts. Many insurers offer unique discount options. You may also be able to increase your deductible, which typically lowers your premium.
Updated: March 4, 2023
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About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.