12 Ways to Lower Auto Insurance Rates

Shopping multiple insurers can save 10-20% on premiums, as rates vary by carrier. In 2023, drivers saved $250 on average by comparing quotes. Use tools like auto insurance comparison to find the best deal.

Bundling auto with home or renters insurance cuts costs by 15-25%. Nationwide, 40% of policyholders bundle, saving $300 annually. Explore home insurance companies for options.

Strong credit scores lower rates by 10-20% in most states, as insurers use credit for risk assessment. A score above 700 can save $200/year. See how credit affects insurance rates.

Completing a course can earn 5-10% discounts, with 15% of drivers qualifying in 2023. Courses cost $25-$50 and take 4-6 hours. A Plus Insurance recommends approved programs for maximum savings.

Raising deductibles from $500 to $1,000 can reduce premiums by 10-15%. This saved drivers $150 on average in 2023 but increases out-of-pocket costs for claims. A Plus Insurance advises balancing deductibles with budget.

Telematics programs tracking safe driving offer 10-30% discounts. In 2023, 25% of insured drivers used these, saving $200 annually. Learn more about lowering car insurance rates.

Low-risk vehicles like sedans cost 20% less to insure than sports cars. In 2023, SUV owners paid $700/year on average, versus $1,200 for high-performance models. A Plus Insurance compares vehicle-based rates.

Paying annually instead of monthly saves 5-10% by avoiding installment fees, averaging $50/year in 2023. Most carriers offer this discount. A Plus Insurance streamlines full-payment options for savings.

Driving under 7,500 miles/year can earn 10-15% discounts, as low mileage reduces risk. In 2023, 20% of drivers qualified, saving $100. Check car insurance discounts for eligibility.

Good student discounts (B average or higher) save 10-20% for drivers under 25. In 2023, 30% of eligible students saved $150/year. A Plus Insurance verifies academic discounts with carriers like Travelers.

Claims-free records for 3-5 years can earn 10-20% discounts. In 2023, 40% of drivers with clean records saved $200. Learn about maintaining rates at why insurance rates increase.

Installing alarms or GPS trackers cuts premiums by 5-15%, with 25% of drivers using them in 2023, saving $100. See insurance for car theft for details.

Urban areas with high traffic or theft raise rates by 15-20%. In 2023, city drivers paid $900/year versus $700 for rural. Explore cheap car insurance for location-based savings.

Dropping comprehensive or collision coverage for older cars saves 20-30%, averaging $200/year in 2023. Ensure you meet state minimums like those in insurance requirements by state.

Drivers over 25 pay 10-15% less than younger drivers due to lower risk. In 2023, seniors saved $150 on average. A Plus Insurance tailors policies for all ages, ensuring affordability.

Staying with one insurer for 3+ years can earn 5-10% discounts, saving $100/year for 20% of policyholders in 2023. A Plus Insurance compares loyalty benefits across carriers.

Vehicles with high safety ratings (e.g., IIHS Top Safety Pick) reduce premiums by 10-15%. In 2023, 30% of insured cars qualified, saving $120. A Plus Insurance assesses safety-based discounts.

Insuring multiple vehicles on one policy saves 10-20%, averaging $150/year per car in 2023. See auto insurance for multi-car options.

Online payments or auto-pay discounts save 5-10%, or $50/year, for 35% of policyholders in 2023. A Plus Insurance streamlines digital payment setups for convenience and savings.

Members of groups like AAA or alumni associations get 5-10% discounts, saving $80/year for 15% of drivers in 2023. A Plus Insurance verifies eligibility with carriers like The Hartford.

No tickets or accidents for 3 years can save 15-25%, or $200/year, for 45% of drivers in 2023. Check Progressive auto insurance for clean record benefits.

Dropping collision for cars over 10 years old saves 20%, or $150/year, but risks repair costs. Learn more at full coverage car insurance.

Some insurers offer 5-10% discounts for carpooling, saving $75/year for 10% of drivers in 2023. A Plus Insurance checks for carpool discounts with carriers like Travelers.

Hybrid or electric vehicles may qualify for 5-10% discounts, saving $100/year for 15% of owners in 2023. Explore Colorado insurance quotes for green car savings.

Low-risk jobs like teachers or engineers get 5-10% discounts, saving $80/year for 20% of drivers in 2023. A Plus Insurance tailors quotes based on occupation.

Switching to a new carrier can save 10-20%, or $200/year, as new customer discounts apply. In 2023, 30% of drivers switched. See get car insurance quote now.

Usage-based insurance tracks driving habits, offering 10-30% discounts for safe drivers. In 2023, 20% of users saved $250. Learn more at Progressive insurance in Colorado.

Multi-year policies lock in rates, saving 5-10% for 10% of policyholders in 2023, or $100/year. A Plus Insurance compares long-term plans for stability and savings.

Parking in a garage versus street reduces theft risk, saving 5-10%, or $75/year, for 25% of drivers in 2023. A Plus Insurance factors parking into quotes.

Loyalty programs reward long-term customers with 5-15% discounts, saving $120/year for 20% of drivers in 2023. Check Progressive vs. Geico comparison for loyalty benefits.