Premium payment rates on car insurance policies have been steadily increasing, and do not show any sign of slowing down. While this may be the case, the good news about this is that you can actually do something about it right now! Here are just four simple ways on how you can actually save money on your car insurance policy.

Go for a Higher Deductible Amount

One way on how you can save money on your car insurance policy premium payments is to file a request with your car insurance company to increase the amount of your deductibles you are required to pay. This is the amount that you need to shoulder prior to filing a claim or request for a reimbursement for repairs with your car insurance company. The higher your insurance deductibles are, the higher the discount you will be awarded by the insurance companies. Many car owners who have tried this have actually received as much as 40 percent discount on their premium payments.

Sign Up and Get Affiliated

Another way on how you can easily save money on your car insurance premium payments is to check with your insurance company on the organizations and association they are affiliated with. Most car insurance companies provide a discount to registered members of organizations such as the AAA and Mensa, which are not generally offered to the general public. As such, it is considered to be a great investment to sign up as a registered member for any of these organizations and associations.

Don’t Procrastinate on Your Policy Renewal

Always make it a point that your insurance policy has been renewed well before the day it is scheduled to lapse. Insurance companies favor policy owners that are responsible enough to renew your insurance policy well ahead in advance, awarding them with as much as 12 percent off from their existing premium payment. The same holds true if you are considering to transfer insurance companies to cover your motor vehicle. Insurance companies are more than happy to accommodate you, providing you with huge discount rates on your premium payments. The important thing is never to allow your insurance policy to lapse even for a day. This can eventually lead to the insurance company increasing your premium payments the next time that you will have to renew your car insurance policy.

Combine Insurance Policies

Ask your insurance company if they offer combination insurance packages such as multi-car policies and home and car insurance policies. By availing of these, you are able to save a lot of money on premium payments since you just need to pay for one insurance policy to keep your assets fully protected.


When it comes to saving money on auto insurance, a few strategies have become common knowledge: keep a good driving record, drive a non-flashy car, and compare quotes from several companies. However, many people are surprised to learn about some other cost-saving strategies: paying as you go; buying different types of insurance policies from the same agency; and simply asking about additional discounts.


First, pay-as-you-go insurance enables people to cut costs by only purchasing the amount of insurance that they actually use. Those who drive less pay less – and they sometimes see 50% savings.

Pay-as-you-go auto insurance plans are designed for drivers with certain profiles. When a driver inquires about pay-as-you-go plans, the auto insurance agent will collect information about his or her daily driving routine. This includes information about where, when, and for how long a person drives. A driver who drives mostly during off-peak times (i.e., not during the morning and evening rush hours) is likely to be offered relatively low rates. Pay-as-you-go auto insurance thereby helps customers to avoid buying more insurance than they need. After all, people who drive during rush hour are statistically more likely to be involved in accidents.

Who else might benefit from a pay-as-you-go program? People who drive fewer than 15,000 miles annually can possibly benefit. These insurance plans are especially advisable for most teenagers since they are not likely to log many miles but fall into a pricey insurance bracket.


Many families carry more than one insurance policy. Perhaps different family members use different auto insurers, or maybe a couple insures their home or boat with one company and their truck with another. In these cases, it is worth investigating whether a company will offer discounts in exchange for getting more business.


Auto insurance companies offer additional discounts for many reasons. Discounts are commonly given for:

• Having a good driving record
• Earning a high grade point average (GPA)
• Having safety features on a vehicle
• Earning a defensive driving certificate
• Working in a low-risk occupation
• Customer loyalty


Car insurance is a basic requirement for car owners in the United States. While this may be the case, acquiring a comprehensive car insurance can be quite expensive for many Americans who continue to struggle with escalating prices of basic commodities and interest rates. In the recent years, car insurance premiums have increased at a rate of 1.05% per year, and do not show any signs of lowering any time soon.

The good news is that there are steps that car owners may take in order to save money amidst the escalating car insurance premium rates. Below are just some tips that would help car owners save money on their car insurance.

Increase Deductible Amount

One way how car owners would be able to save money on their car insurance is by raising the amount of their deductibles. This is the minimum amount that a car owner needs to remit to the car insurance provider in prior to filing a claim or reimbursement. This is very important to know when you start comparing low cost auto insurance quotes online with different companies. Increasing the amount of deductibles paid to the car insurance company would greatly reduce the premium payments that need to be paid for the coverage. The higher a car owner increases his or her deductibles, the higher the amount of the discount they would receive from the car insurance company on their premiums.

Provide Education for Young Drivers

Car insurance companies provide a variety of discounts on the premiums on car insurance covering vehicles driven by young drivers. Young drivers who show proof that they have completed a defensive driving program are able to save anywhere between 5 and 10% from their premium payments. On top of that, some car insurance companies provide a 15% Good Grade discount to car owners who are currently in school and are able to maintain a Grade Point Average of at least 3.0.

Switch Insurance Policies in Advance

If a car owner decides to switch car insurance companies, the best time to do this is before their current car insurance policy expires. Car insurance companies offer up to 12% on their “early shopper” rates. This is based on the fact that insurance companies view car owners opting to purchase another car insurance policy before their current one expires to be more responsible car owners as opposed to those wait until the last minute.