Car insurance premiums increased 19.5% between June 2023 and June 2204, according to the Department of Labor’s July 2024 Consumer Price Index. ; The reasons are many and include lingering inflation, the rising cost of repairs, an uptick in severe weather and the number and severity of accidents. ; Even though rates are on the rise, you don’t have to break the bank to pay your premiums. Here are tips to get the best price on car insurance.
If you want to know how to save money on auto insurance, Bankrate’s insurance editorial team has gathered some easy tips to help you out. While many people first consider sticker price and the price of gas when it comes to the cost of owning a car, car insurance r ...
Choose car safety and security features. Driving a car that has a number of built-in safety features, such as airbags and antilock brakes, and security features, like anti-theft and engine cut-off systems, may qualify you for lower car insurance premiums. Such vehicles are statistically less likely to be in an accident or stolen than those that don't have these features. Set higher deductibles on your auto insurance. The higher your deductible — the amount of money you will pay out of pocket i...
Learn practical strategies to lower your car insurance, including maintaining a clean driving record, bundling policies, and shopping for better rates.
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Auto insurance premiums can be expensive, but there are many things you can do to reduce them. Learn exactly how to lower your car insurance rates with ease.