Save Money On Your Car Insurance

Save Money On Your Car Insurance

Having car insurance, in most states, is the law. But you don’t have to break the bank to insure your automobile. Here are 8 steps you can take to save money on your car insurance premiums.


If you want to pay less on your auto insurance policy, increase your deductible. You should raise your deductible to the highest amount allowed. If it’s $1,000, raise it to that amount and then put away $1,000 in your bank account in case your car is damaged.


Insurance companies give discounts for a variety of different reasons. If you’ve been a long time customer, you’ll get a discount. There are occupational-based discounts too for those in the military, teachers, nurses, etc. They also give discounts for being good students or having a good driving record. Inquire with your insurance agent for a full list of their discounts. It doesn’t cost anything to ask. For all you know, you may qualify for one, two or even three different discounts.


Are you under-insured or over-insured? If your goal is to have more money in the bank then you should look toward lowering your coverage. Just get the legal minimum coverage to save the most amount of money. And don’t bother getting full coverage on older cars, it’s just not worth it.

Bundle And Save

Insurance companies would love to have you as a customer for an auto insurance policy. But they’d love it even more if you insured your life and home with them too. It’s not only good for them, it’s good for you too. Insurance companies will offer you a discount on both your home and car insurance and other types of insurance if you bundle them together.

Comparison Shop

Before you buy vegetables at the grocery store, you shop around for the best prices. You should also do the same for your car insurance. From company to company, aut insurance prices vary widely. Don’t just shop for prices one time and then forget all about it. Companies change their rates all the time. Every year re-evaluate your coverage by getting a quote online, it’s free after all.

Get A Car That’s Cheap To Insure

Not all cars are made the same, at least according to auto insurance companies. Most cars will cost you about the same to insure, but some vehicles will make you have second thoughts about that muscle car you bought. The car insurance companies know which cars are more likely to get in a car accident and more expensive to repair, so they automatically jack up the rates for anyone else who also owns that make of vehicle.

Car Safety Discounts

If your car is equipped with anti-lock brakes, air bags and/or a car alarm, your auto insurance company may give you a discount. The safer both you and your car are, due to the equipment, the lower your policy will be.

Credit Score

Increasingly, auto insurance companies are using your credit score to determine how much to charge you. For many, this seems unfair, as it has nothing to do with your car and your driving record. But the insurance co’s make a good point. They state that their records show that those with good credit make fewer insurance claims than those with bad credit.

About Edwin

Edwin is a marketer, social media influencer and head writer here at Save The Bills. He manages a large network of high quality finance blogs and social media accounts. You can connect with him via email here.

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One Comment on “Save Money On Your Car Insurance”

  1. More excellent suggestions from “Save the Bills.” I particularly like your suggestion to bundle your car and home insurance. That seems to be the trend now, and it’s something I’m seeing in TV commercials, as well. It also makes it a lot easier for the consumer to just work with one insurance company they can trust.

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