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9 ways to lower your auto insurance costs

 9 ways to lower your auto insurance costs

9 ways to lower your auto insurance costs
geico car insurance phone number

One of the best ways to keep car insurance costs low is to have a good driving record.

1. Shop around

Prices vary from company to company, so it pays to shop. Get at least three quotes.

You can contact companies directly or access information on the Internet. The state's insurance division may also offer comparisons of rates charged by major insurers.

You buy insurance to protect you financially and to provide peace of mind. It is critical to pick an organization that is monetarily steady. 

Check insurers' financial health with rating companies and consult consumer magazines.

Get quotes from different types of insurance companies. Some sell through their agents.

These offices have a similar name as the insurance agency. Some sell through autonomous specialists who offer strategies from a few insurance agencies.

Others do not use agents. They sell directly to consumers over the phone or online.

Don't shop by price alone. We ask friends and relatives for their recommendations.

Contact the state's insurance department to see if they provide information on consumer complaints by the company. Choose an agent or company representative who takes the time to answer your questions.

2. Before you buy a car، compare the costs of insurance

Car insurance premiums are based in part on the price of the car, the cost to repair it, the overall safety record, and the likelihood that it will be theft.

Many insurance companies offer discounts for features that reduce the risk of injury or theft. To help you decide which vehicle to buy, you can obtain information from the Insurance Institute for Highway Safety (www.iihs.org).

3. Ask for higher discounts

The deductions are what you pay before your insurance policy begins. By requesting higher discounts, you can lower your costs significantly. 

For example, increasing your withholding amount from $ 200 to $ 500 could reduce your collision cost and overall coverage by 15 to 30 percent.

Going for a $ 1,000 deductible can save you 40 percent or more. Before choosing a higher discount, make sure you have enough money set aside to pay it off if you have a claim.

4. Reducing coverage on old cars

Consider collision drop and/or comprehensive coverage of old vehicles. If your car is valued at less than 10 times the premium, purchasing coverage may not be cost-effective.

Auto dealers and banks can tell you the value of cars. Or you can search for it online. Check your coverage at the time of renewal to ensure that your insurance needs have not changed.

5. Buy your homeowners and auto coverage from the same insurance company

Many insurance companies will give you a break if you buy two or more types of insurance.

You can also get a discount if you have more than one insured vehicle with the same company. Some insurance companies lower rates for old clients.

But it still makes sense to shop! You can save money by buying from different insurance companies, as opposed to a multi-policy discount.

6. Maintain a good credit record

Establishing a strong credit record can lower insurance costs.

Most insurance companies use credit information to price auto insurance policies. Research shows that people who manage their credit more effectively have fewer claims.

To protect your credit standing, pay your bills on time, never get more credit than you need, and keep your credit balances as low as possible.

Check your credit history on a regular basis and correct any errors promptly so that your record remains accurate.

7. Take advantage of low mileage discounts

Some companies offer discounts for motorists who drive less than average mileage per year. Lower mileage discounts can also be applied to drivers who congregate at work.

Some companies offer discounts for drivers who get insurance through a group plan from employers, through professional, commercial, and graduate groups, or from other associations.

8. Ask about group insurance

Ask your employer and inquire of groups or clubs that you are a member of to see if this is possible.

9. Look out for other discounts

Companies offer discounts for policyholders who have not experienced any accidents or mobile violations for a number of years.

You may also get a discount if you take the Defensive Driving Course. 

If a young driver in politics is a good student, took a driver's education course, or left college without a car, you may also qualify for a lower GPA.

When comparing store, inquire about discounts for the following:

  • Anti-theft devices
  • Cover cars and homeowners with the same company
  • College students are far from home
  • Defensive driving courses
  • Courses Ed drivers
  • Good credit history
  • Higher discounts
  • Low annual mileage
  • A longtime client
  • More than 1 car
  • Without accidents during 3 years
  • Not to move violations within 3 years
  • Student drivers with good grades


The listed discounts may not be available in all states or from all insurance companies.

The key to savings is not the discounts, but the final price. A company that offers a few discounts may still have a lower total price.