Home > Learning Center > How To Lower Your Auto Insurance Premiums

How To Lower Your Auto Insurance Premiums

Find Your INSURAMATCH



Already have a quote? Retrieve it.

 | May 14, 2015

Car insurance pricing is complicated.  Every person has a unique “insurance” profile. Most insurance companies calculate your price based on more than 100 different attributes. Pricing formulas are different for every carrier, and they are updated regularly.  The good news is that you don’t need to be a mathematician to make smart insurance choices. You just need to follow this simple checklist:

Start here…

Evaluate your insurance plan regularly. If you’ve never professionally evaluated your options thoroughly, don’t wait. A logical time is when coming up for renewal, but there’s no reason to wait to see if you can get into a better plan today.

Consider a new insurance company that is a better fit for you. Consider a carrier that offers Usage Based Insurance, such as Progressive or Esurance; those that bundle; or those that offer employment or membership discounts. All insurance companies are not the same and you should ask your agent about finding one that meets your needs to avoid paying for services that you won’t use. You may not lower your price, but at least you’ll be getting more for your money.

Get all the discounts you can. Ask your agent about the discounts you’re eligible for, and use our Discounts article {link here} for reference.

Next steps…

Lower your true risk. Insurance companies try to match your price with their understanding of your risk. Those that are less risky, pay less for car insurance. While this is harder to do and takes more time, it’s good for all of us to consider.

  • Drive more safely. Avoid speeding and distracted driving. If you have a clean driving history, you’ll be perceived as lower risk. 
  • Driving activity. If you spend a lot of time in your car, you’ll be considered higher risk than someone who drives less. Bonus: those who drive less may be eligible for a low mileage discount!
  • Parking location. Your car is safer in a garage (best option) or driveway than parked on the street, and your insurance company thinks so too.
  • Buy cars with lower insurance costs. Your vehicle determines your risk and premium costs. Check out our article on factors to consider when purchasing a vehicle {link here}.
  • In-car safety devices. These devices, such as daytime running lights or alarm systems, make your vehicle safer and will protect you while driving, and while your vehicle is parked.
  • Where you live. Planning a move in the future? Check out some of the safer places to live to lower your auto insurance costs.
  • Credit score. Some insurance companies use your credit score to determine your risk for missing payments.
  • Marriage. Married individuals typically see lower car insurance rates since they are determined to be less risky.

No time? Let us help you sort out these choices. You’ll get the most for you money, plus avoid sacrificing the protection you need to lower your insurance costs. Call us at 844-232-2700 or schedule a call at your convenience.


Get free NY and Pennsylvania car insurance quotes online or contact InsuraMatch at 855-244-7671 to see how much we can help you save.