12 Ways To Save Money On Car Insurance

Since 1976, the prices of car insurance quotes have increased so much. A recent survey by Bankrate unveils that the average car insurance cost in May 2024 has reached up to $2,299 per annum. This increase is about 14% of what it was in the last year (2023).

Considering these rates, car insurance can really cost you a lot if your income is low. But do not worry! The following article can help you to understand 12 different ways you can save on vehicle insurance policies.

Let’s get started!

How to Save Money for a Car Insurance?

The following are the best way to save for a car insurance quote:

1) Pay Your Bills Differently

This is indeed a good way to save on insurance for your vehicle. Ask your insurance agent if he/she allows you to pay your bills in a collective amount rather than in installments. For example, if your monthly installment is $400, paying for six months collectively reduces rates by at least 5-10% or less (Remember it does not apply always)

In addition to that, you can get a discount even if you do not get agree to pay for six months or say in a lump sum amount. This discount is up to 3% and applies if you automate your payments via a credit card.

Disclaimer: not all insurance companies offer such discounts. It is a must that you inquire about the insurance lawyers before you decide on a car insurance package.

2) Increase the Deductible

Deductibles help you balance your budget and the risk you can bear in case of any incident. Deductibles and car insurance quotes are inversely related. It means choosing a higher deductible can significantly reduce your insurance premium.

For example, let’s make supposition that your car gets hit in a road accident! Also, the repair cost will be $4000. So if your deductibles are $700, you will pay this amount at the time of repair. The insurance company will pay the rest of the $3300.

3) Reduce Unnecessary Coverage

If you have an old car, it is confirmed that its market value will be much less. For such a vehicle, you can save a lot auto insurance by dropping collision and comprehensive coverage.

Remember that:

• Collision coverage pays for any damage to your car in case of accidental collision with any other car or object.

• Comprehensive coverage covers damages caused by other events, including damage due to natural disasters, collision with animals, or theft.

But, also make sure you have maximum liability coverage. This ensures that you remain covered and do not have to pay huge bills at the time of any accident.

4) Take Advantage of Bundle Discounts

This is the best way to save for car insurance. Purchasing multiple insurance plans from a single company can reduce your premium rates. For example, Auto Insurance Line offer a good discount for if you bundle up your car & home insurance quotes.

5) Get a Safe Car

If your car has safety features like airbags, anti-lock brakes, anti-theft systems, and collision prevention technology, then you can save more money on average car insurance in Texas.

Whenever you talk about a safe car, different features such as preventing accidents and theft and leading to fewer claims for the insurance company come into your mind. Remember you will get more discounts from insurance companies when you insure your safe car because they have to pay less for maintenance.

5) Ask for a Discount

This will certainly let you save more auto insurance. Yes, companies offer many discounts for various car insurance plans. And the chances are higher that you will get a few of them.

The following discounts can help you save more car insurance:

• If you are a member of groups like AAA (American Automobile Association)

• Serving in the military

• Securing good grades at university

• If you are a senior citizen

• If your job is a nursing or teaching

• Park your cars indoors

6) Pay By The Mile

This method includes connecting the miles you drive with the car insurance price which can reduce the premiums. Many companies offer this plan for newer clients. The package includes a base fee plus the fee against miles you drive.

Actually, this policy is made to assist those drivers who drive less than the lowest miles in a year.

7) Get Good Grades

A good or responsible student may also drive safely. Auto insurance company updates different rewards for both school and college drivers.

Being an insurance company, Auto Insurance Line has a special mission which purposes to benefit the students. So, if you are a student, then you must take our insurance services. We ensure you to get good grades which help you to save your money.

7) Remove Optional Coverages

If you want to save more auto insurance money, you should consider this point. Check for any optional coverage that is already covered in the basic plan. Ask your insurance agent to eliminate these coverages and think of the best possible plan that helps to lower the average car insurance cost.

8) Telematics

Today, insurance companies offer telematic devices that help you save maximum on average car insurance cost. It records many parameters like mileage, driving speed, driving time, hard brakes, etc.

Monitoring driving habits can save you up to 30% on car insurance bills.

11) Drive Less

Auto insurance becomes a serious issue for a person when he doesn’t drive more. Because when people don’t go on driving, they have less chances of accident risks. Here, the auto insurance company offers several discounts for those clients who drive less.

To give you an idea, most Americans drive about 13,000 miles every year. If you want a discount for driving less, the company will definitely ask you first to show them how many miles you’ve driven once in a while.

12) Shop Around

It is wise advice for you to shop for car insurance every few years so that you can save more  on insurance. If you are with the same insurance company for a long time doesn’t mean you’re getting the best deal.

We suggest our clients to find some other companies who provide them better rates for insurance. The Auto Insurance Line is standing at the top of the list. Our intuitive is to provide our clients with insurance that are according to their expenses. Before choosing to use your auto insurance, you have a right to reviews or check our ratings so that you will be able to trust us.