Things You'll Need:
- A Phone
- The Internet
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Step 1
The First Step: Consider the biggest possible car insurance cut: No insurance at all. I'm definitely not suggesting you drive without insurance, but rather consider whether or not you need your car, or perhaps the possibility of owning less cars if you have more than one. This is certainly going to be the biggest deduction possible if it fits your lifestyle.
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Step 2
Short of selling off your car, the next step, and the quickest one, is to call your car insurance company and see what discounts are available for you. Insurance companies will often give discounts to members of organizations, safe drivers, students, and more.
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Step 3
The next great way to reduce your premium is to increase your deductible. Do you really need a $100 deductible, or would a $500 deductible be a little more reasonable? This can reduce your bill by *a lot*.
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Step 4
Next, drop any unnecessary or excessive coverage. If you're driving a mid-90's sedan with a ton of miles, it may not be worth it to have comprehensive coverage. Take the money you get from dropping that coverage, deposit it into a high-yield savings account every month, and pretty soon you'll have enough to buy a new (slightly-used) car.
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Step 5
Consider driving a different car. Sports cars, cars that are frequently stolen, and other considerations go into how much a particular car costs to insure. I'd be willing to guess that Honda Accord would cost less to insure than that Infiniti G30 you've had your eye on.
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Step 6
Drive Safer! Nothing makes your insurance premium rise like driving too fast or getting into too many accidents...
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Step 7
Drive Less! Remember signing up for car insurance and entering the number of miles you drive annually? That's also a factor in how much your premium is, and reducing your mileage will make you car last longer, cost you less in gas and maintenance, and will ease your pain when paying your insurance coverage.
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Step 8
Pay annually or bi-annually rather than monthly. Most companies will offer you a lower monthly rate when you pay 6-12 months up front.
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Step 9
Last but not least, shop around! Make sure you check with a number of different insurance companies and never just accept the first rate you're offered. Be sure to check out online insurance companies as well as brick-and-mortar names, and weigh the pros and cons of each type of company.
