Information & Resources

Top 5 tips to Save on Car Insurance

• Consider car insurance costs before you buy

When it comes to buying a new or used car, many people overlook insurance expense as part of the total cost of owning a vehicle. It’s better to consider the cost of insurance before you buy since auto insurance premiums vary widely depending on a vehicle’s specific characteristics, including its price, average repair costs, safety record and whether or not it’s a target among thieves.

• Combine insurance policies with one carrier

Many insurance companies offer multi-policy discounts, such as buying a homeowner’s policy and auto coverage from the same carrier. You might also be able to save money if you insure all of the vehicles in your household on one policy or if you insure all of your driving-age family members on the same plan. Be sure to do your homework though, since there’s a chance you could save more money buying policies from multiple carriers.

• Compare auto insurance carriers

Because auto insurance companies and rates vary widely, it helps to shop around when selecting an insurer. As a general rule, it’s wise to obtain auto insurance quotes and information from at least three separate companies. Calling insurance carriers directly, asking family and friends about their insurance providers and getting an auto insurance quote online are just some of the steps you can take in helping to ensure you choose the right auto insurance company.​

• Drive less, save more

The more you drive, the higher the likelihood of an accident or emergency. That’s why many auto insurance companies offer low mileage discounts for people who drive less than the average number of miles per year, or for people who carpool on a regular basis. Be sure to ask your carrier if you qualify.

Drive safer, save more

The better you are as a driver, the more money you stand to save in coverage costs. People with clean driving records who haven’t had any accidents or moving violations for a certain number of years can qualify for safe driver discounts. What’s more, you may be able to take advantage of additional savings if you’ve recently taken a defensive driving course.

• Increase your deductible

Sure, you’ll have to pay more out of pocket if you have an accident, but if you increase your deductible by just several hundred dollars, for example, you could save anywhere from 15 to 40 percent or more in collision and comprehensive coverage costs. It’s always good practice to set aside a portion of your monthly car insurance premium savings to ensure you can actually afford a higher deductible in the event of a claim.

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