8 Ways to Lower Your Auto-Insurance Premiums

Pay your bills differently

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Paying for the full policy term (usually six months) rather than monthly can reduce your rates up to 10%

Raise your deductible

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Increasing your deductible can help lower your car insurance costs by hundreds.

Bundle up

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Buying your car insurance from the same company that provides your home or renters insurance can cut your rates by 5% to 20%.

Get good grades

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Most insurers offer a discount of 15% to 25% for young drivers who maintain at least a B average in high school or college

Sign up for data tracking

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If you drive few miles and have safe driving habits, you could save money by participating in a data-tracking program

Shop around

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It’s a good idea to shop around for car insurance every few years, or more often if you’ve had any big life changes

Drop certain types of coverage on older cars

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Collision coverage pays to fix damages to your car caused by a collision with another car or object

Take a driver-safety program

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Some insurers also give discounts of 5% to 15% for drivers age 60 or older who take an accident-prevention class.

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