3 Tips for Keeping Your Car Insurance Rates Low

When it comes to your monthly bills and utilities, there are relatively few that you can make some type of control over unless you’re willing to sit in a cold home with just one single light bulb. And although many people think of their car insurance payments the same way, you actually can have a lot of control over how much you’re spending on car insurance on a monthly or yearly basis. To show you how you can shrink the amount you’re paying toward this bill, here are three tips for keeping your car insurance rates low.

Change Up Your Coverage When You Can

Just because you got a certain type of coverage a few years ago doesn’t mean that that same type of coverage is going to be the best bet for you now. One specific situation this can apply to is when you eventually pay your car off. If you still owe money on your car, Erin Huffstetler, a contributor to The Balance, shares that you have to have full coverage on your vehicle. But once you pay your car off, you may want to reduce the amount you’re paying for collision insurance. By shrinking this coverage, you can save a lot of money on your insurance rates since your carrier is no longer liable for as much in the event that you get into a car accident or make a claim in your insurance.

Raise Your Deductible

Another way you can reduce the amount you’re paying for your insurance each month is to increase your deductible. What this means is that you tell your insurance you’re willing to pay more out of pocket before they start chipping in any money. Especially if you’re a safe driver and haven’t made a claim on your insurance or been in an accident in years, Consumer Reports shares that this could be a great option for you. Just keep in mind that you’re taking on a little more risk in the future for some potential savings now, so it’s all about weighing what you’re comfortable with.

Drive The Right Type Of Car

The type of car you’re insuring can have a big impact on the amount of money you’re having to pay to insure it. According to Glenn Curtis, a contributor to, big, expensive, fast cars are generally more expensive to insure. Smaller, safer cars often cost less. Additionally, cars that save on gas or are environmentally friendly are often given an even bigger break when it comes to the cost of insurance. So if you’re wanting to save money, you might want to think about the type of car you’re driving in the first place.

If you’re looking to save money in your insurance rates, consider using the tips mentioned above to help you do just that.

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