Combat rising car insurance rates by learning how to save on car insurance. You can slash your premiums with these 10 effective tips.
Some consumers have seen the cost of car insurance increase by double digits, but there are ways to reduce your premiums and save hundreds.
If you've renewed your car insurance policy lately, you know how expensive car insurance has become. According to S&P Global, in 2023 each of the top 10 car insurers raised prices by double-digits, with some insurers increasing rates as much as 34% in one year. If your existing insurance policy is too expensive and you're trying to save on insurance premiums, these 10 tips can help slash your rate."Auto insurance is the most competitive insurance market in the U.S.," Friedlander says. "National and regional insurers are focused on growing market share and earning your business."
For example, we requested quotes and adjusted our deductibles. By increasing our deductible from $500 to $1,000, we reduced our annual premiums by about $170.Whether you own your home or rent, you may be eligible for a multi-policy discount by bundling your property insurance with your car insurance policy.
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