TA K E AWAY
Cut Your Car Insurance
Your auto premiums could be one of your largest expenses.
But with a little maneuvering you can lower the cost.ILLUSTRATION BY JOHN W. TOMAC
CHECK FOR DISCOUNTS
Insurers offer discounts of 10% to 15%
for everything from carpooling to
membership in an alumni association.
If you have a teenage driver in the
family, you may qualify for a discount
if he or she gets good grades or
participates in a safe-driving program.BOOST YOUR
DEDUCTIBLE
Increasing your
deductible from $250 or
$500 to $1,000 could
save you up to 20%.SWITCH TO A
NEW INSURER
Compare rates at Insurance
.com or InsuranceQuotes.com to
see if you can get a better deal.
Bundling your homeowners or
renters insurance with auto
coverage could cut your
premiums by up to 20%.SIGN UP FOR
DATA TRACKING
Allstate, Progressive and State Farm
offer programs that will track your
driving via a smartphone app or
tracking device. If you agree to
participate, you can save anywhere
from 10% to 50% on your premiums.PAY IN A LUMP SUM
Paying your premiums for
the full term (usually six
months) instead of monthly
could save you up to 10%.72 KIPLINGER’S PERSONAL FINANCE^ 10/2019