Cars are significantly more expensive these days (although they seem to have started leveling out), car accidents were up last year—and that car insurance bill is a monthly expense that doesn’t get any smaller. It also doesn’t help that car insurance is so dang complicated in the first place. But there are definitely ways that you can save money on that car insurance premium; some let you see extra cash right away, while others are more helpful in the long run. And understanding these different options is key to helping you save money over the course of your vehicle ownership. Here are some avenues to consider. But agencies such as the Jerry app, which uses AI to find the best rates, or more traditional agencies such as Auto Insurance Specialists, can help make the process of looking for the best rates at renewal painless. If you insure your car through an agency, they will start by finding the best rates for your needs. Then, at every renewal, they will once again shop your rates, to make sure you are paying the lowest and best rates. If you have an old clunker that still has full-coverage insurance, switching to a liability-only plan might make sense, but that might not make sense on a car that you can’t afford to replace if it gets totaled. If you have a padded savings account, increasing your deductible to $1,000 or more is an economical choice—but doing the same when you’re living paycheck-to-paycheck might land you in a pickle when it’s time to pay up.
