Quote with a new company.
Rates vary by insurer, so you might get the same coverage for less. For example, drivers who switch to Progressive save over $475* a year on average.
And, savings might especially be in store for these drivers, who according to the Chicago Tribune , generally get better rates:
• Married drivers
• Drivers older than 25
• Young retirees (55 years old)
• Elder drivers (i.e., over 65) who don’t drive regularly
• Residents of rural and less-populated areas
Keep in mind, too, that credit score can affect your rate. So if you’ve got a high score or recently improved it, comparing rates might be a good option.
Change the way you get and pay bills.
Options like these get you discounts with certain insurance companies, including Progressive:
• Paying your car insurance premium in full
• Having payments automatically withdrawn from your checking account
• Choosing to get your bills electronically
Paying in full or signing up for automatic payments could also eliminate installment fees.
Consider choosing higher deductibles.
Raising your deductibles is a good cost-saving option, especially if you own an older vehicle. In fact, just raising your deductibles from $200 to $500 could save you up to 30 percent on collision and comprehensive coverage, according to the Insurance Information Institute. Just make sure you’d be able to pay your deductible without depleting your savings.
*National average annual car insurance savings by new customers surveyed who saved with Progressive in 2011.