How to lower car insurance rate

By asking for higher deductibles, your insurance premium will go down. For example going from a $500 deductible to $1,000 could save you 40 percent or more.

Since most companies use your credit information to determine your insurance rates, it’s important to pay bills on time, and keep balances low to keep your record in good standing.

Typically a credit score above 670 is considered good, so do what you reasonably can to maintain it or get it even higher.

Also, don’t try to dupe your insurance company. If you can’t pay a bill, the worst thing to do is cancel your policy and go to another company with the hopes no one will find out about that balance due. That unpaid balance will be sent to collections, further hurting your credit score, and other companies will be alerted to the fact that you have trouble paying your bills.

As mentioned above, don’t miss out on easy discount opportunities. Auto pay and paperless discounts happen to have a huge impact on how much you can save, and they are the easiest to qualify for!

Set up automatic payments through your company if you are paying monthly to keep your insurance premiums low. Not doing so can mean significantly higher rates each month.

When you are up for renewal, call your provider and see what they can do to lower your premium. If you aren’t satisfied with their renewal offer, get in contact with an agent who can shop around to different carriers and find you a better rate.