How To Lower Car Insurance Premiums

The difference between a 250 deductible and a 500 deductible is usually quite substantial and the difference between a 250 deductible and a 1 000 deductible even more so.

How to lower car insurance premiums. Slash your auto premium drastically by raising your deductible the amount you pay out of pocket when you make a claim. If you re willing to give a little with your deductible you can wind up saving big on your rates. Sign up for kelley blue book newsletters. Choosing a higher deductible will lower your car insurance premium.

Also keeping your car in the garage rather than in the driveway or street can help prevent theft and lower your premiums. Anti theft devices like alarms and lojacks can protect your car from theft which minimizes your risk and your insurance cost. Take a defensive driving course. You can call companies directly or access information on the internet.

Typically deductibles range from 0 to 1 500. The best cars and best deals delivered to your inbox. If you go from a 250 to a 1 000 deductible you can save between 25 and. The higher your deductible the amount of money you will pay out of pocket in the event of a claim the lower your premium generally is.

Drive safely and drive less. One of the best ways to keep your auto insurance costs down is to have a good driving record. According to the insurance information institute increasing your deductible from 200 to 500 can make you eligible for a 15 to 30 percent premium discount while raising the deductible to 1 000 can save you up to 40 percent. Listed below are other things you can do to lower your insurance costs.

Prices vary from company to company so it pays to shop around. That s because the insurance company will pay out less if you file a car insurance claim. Go high on deductibles. How to lower your car insurance premiums.

By subscribing you agree to our privacy policy. Get at least three price quotes. By increasing it to 1 000 you could decrease. 6 ways to reduce your auto insurance premiums 1.

Don t be afraid to shop around and get quotes from different companies. Set higher deductibles on your auto insurance.