Shopping for new car insurance can lead to significant savings, with potential premium reductions of up to 87% when switching insurers. By comparing quotes for policies with similar coverage levels, consumers can identify the most competitive rates and opt for insurers that offer lower premiums. Other strategies to decrease car insurance costs include raising deductibles, bundling auto and property insurance, tailoring coverage to eliminate unnecessary add-ons, and taking advantage of low-mileage discounts. Continuous coverage and early policy renewals may also lead to discounts, as well as going paperless. An agent can help identify any overlooked discounts, such as defensive driving, good student, or homeowner discounts. Life events like moving, being at-fault in an accident, credit score changes, or purchasing a new car can impact premiums. Additionally, paying insurance annually instead of in installments can further reduce costs. These strategies can help consumers navigate the rising auto insurance rates and find savings.
Read the full article here.