Insurers price risk differently, and many raise rates on loyal customers over time. Comparing quotes every year or two often turns up a much lower price for the same coverage.
Ways to save
Get at least three quotes for exactly the same coverage limits and deductibles.
Easy Big savingMoving from a $500 to a $1,000 deductible lowers the premium; keep that amount in savings.
Easy Good savingMost insurers give a multi-policy discount.
Easy Good savingGood driver, low mileage, good student, safety features, paying in full, paperless billing.
Easy Good savingAn app or plug-in device tracks driving; careful drivers can save.
Some effort Good savingIf the car is worth little, collision cover may cost more than it could pay out.
Easy Good savingIn most states, insurers use credit-based insurance scores.
More effort Good savingStep by step
- Find your current declarations page: it lists your coverage, limits and deductibles.
- Get quotes from at least three insurers, including one direct insurer and an independent agent.
- Compare the same limits and deductibles side by side.
- Call your current insurer with the best quote and ask them to match it.
- If you switch, start the new policy before cancelling the old one so you are never uninsured.
What to say
Hi, my policy renews soon and I’ve been shopping around. I have a quote from [other insurer] for [$amount] for the same coverage and deductibles. I’d like to stay with you if you can get closer to that. Are there any discounts I’m not getting, such as for low mileage, safety features or paying in full?
When
Start comparing about a month before your renewal date. Prices often look better when you shop before the last minute.
Watch out for
- Quotes that quietly lower your liability limits.
- Cancelling the old policy before the new one starts.
- Monthly payment plans with installment fees.
Good to know
- Most US states require liability insurance; the minimum limits are set by each state.
Did it work? What readers report
Real results from people who tried these steps on their car insurance bill. "Worked" means they got a lower price; savings are per month, counting only people who saved something.
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Tried one of these? Tell us how it went
See results for every bill on what worked.
General information, not financial, legal or insurance advice. Terms vary by provider and state.
Frequently asked questions
What is the fastest way to lower my car insurance bill?
Compare quotes at every renewal. Get at least three quotes for exactly the same coverage limits and deductibles.
When should I shop for car insurance?
Start comparing about a month before your renewal date. Prices often look better when you shop before the last minute.
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