How to Lower Your Car Insurance Bill Without Losing Coverage

Sick of High Car Insurance Rates? Here’s How to Cut Costs
Car insurance is a must, but that doesn’t mean you should be overpaying for it. If your premium feels too high, you’re not alone—and the good news is that there are plenty of ways to lower your bill without sacrificing coverage.

Whether you’re shopping for a new policy or looking to save on your current one, these smart money-saving tips can help you keep more cash in your pocket while staying fully protected.

1. Shop Around for the Best Rate
Loyalty doesn’t always pay when it comes to car insurance. Different companies price policies differently, and if you’ve been with the same provider for years, you could be missing out on a better deal elsewhere.

What to do:

• Get quotes from at least three different insurers.
• Work with an independent insurance broker (like us!) who can compare options for you.
• Look at more than just price—compare coverage limits, deductibles, and customer service ratings.

Even if you’re happy with your current provider, it’s always worth checking to see if you can save.

2. Raise Your Deductible
Your deductible is what you pay out of pocket before your insurance kicks in. The higher your deductible, the lower your monthly premium.

Example:

• A $500 deductible costs more in monthly premiums than a $1,000 deductible.
• If you have an emergency fund and can afford a higher out-of-pocket cost in case of an accident, raising your deductible could save you hundreds per year.

Just make sure your deductible is an amount you can comfortably afford if you ever need to file a claim.

3. Take Advantage of Every Discount Available
Most insurance companies offer tons of discounts, but not all of them are advertised. You might qualify for savings without even realizing it.

Here are some common discounts to ask about:

• Safe driver discount – If you have a clean driving record.
• Multi-policy discount – Bundling your home and auto insurance can save you 10-25%.
• Good student discount – Many insurers offer lower rates for students with a GPA of 3.0 or higher.
• Low-mileage discount – If you don’t drive much, you might qualify for a lower rate.
• Vehicle safety features – Cars with alarms, anti-lock brakes, or tracking devices can qualify for additional discounts.

Pro tip: Call your insurance provider and ask if you’re getting all the discounts you’re eligible for. You might be leaving money on the table.

4. Keep a Clean Driving Record
Your driving history is one of the biggest factors in determining your premium. Accidents and tickets can raise your rate significantly.

Here’s why it matters:

• A speeding ticket can increase your premium by 20% or more.
• An at-fault accident can bump your rate up by 40% or more.
• If you go 3-5 years without violations, you may qualify for safe driver discounts.

If you’ve had tickets or accidents in the past, taking a defensive driving course could help lower your premium.

5. Consider a Usage-Based or Pay-Per-Mile Insurance Plan
If you don’t drive much, you could save big with a usage-based insurance plan.

Some insurers offer programs that track:

• Your total mileage.
• How safely you drive (braking, acceleration, etc.).
• What time of day you’re on the road.

Safe, low-mileage drivers can see significant savings with these programs.

6. Drop Unnecessary Coverage on Older Cars
If you drive an older car that’s not worth much, you might be paying for coverage you no longer need.

Consider dropping:

• Collision coverage – If your car is worth less than $2,000, it might not be worth paying for this coverage.
• Comprehensive coverage – If you can afford to replace your car out of pocket, dropping this could save you money.

However, if your car is still valuable, keeping these coverages is usually a smart move.

7. Improve Your Credit Score
Did you know that in most states, insurance companies look at your credit score when determining your premium? A lower score can mean higher rates.

To improve your score (and potentially lower your rate):

• Pay bills on time.
• Reduce your credit card balances.
• Check your credit report for errors and dispute anything incorrect.

Even a small bump in your credit score can lead to lower car insurance rates.

8. Review Your Policy Every Year
Your life changes—and so should your insurance policy. Make it a habit to review your coverage once a year and see if adjustments can lower your costs.

Ask yourself:

• Have you moved? Some areas have lower insurance rates than others.
• Has your commute changed? Less driving could mean a lower rate.
• Has your car depreciated in value? You may be paying for coverage you no longer need.

Spending just a few minutes reviewing your policy can save you hundreds over time.

The Bottom Line
You don’t have to settle for overpaying on car insurance. By shopping around, adjusting your coverage, and taking advantage of discounts, you can cut your premium while keeping the protection you need.

Let’s Find You a Better Rate
At National Insurance Brokers, we help drivers find affordable car insurance without cutting corners on coverage. Whether you need a quote, a policy review, or just some advice, we’ve got you covered.

Contact us today and see how much you could save!