How can I lower my car insurance premiums?
Sent by you: How can I lower my car insurance premiums?
Do you simply compare the bigger insurance providers? An insurance company that is regional or mutual may offer you a cheaper rate. The majority of people are unaware that the US is home to thousands of insurance businesses. Just like the top 15, they don’t market as much.
One could investigate ones such as Donegal, Hanover, Root, Encova, etc.
I live in Southeast Texas. I am 48 and my husband is 53. Neither of us has any tickets, but I had a small accident 3 years ago. We have full coverage on two cars with $500 deductibles and both multi-car and multi-policy discounts with renter’s insurance. We have a 2019 Hyundai Accent (paid off) and a 2021 Volkswagen GLI (financed). Our monthly insurance payments are $390, but they will increase to $445 next month when we renew. We have State Farm. Auto insurance is just expensive right now.
Increase deductibles, reduce coverage limits, remove optional coverages.