14 Tips to Save Money on Your Car Insurance

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13. Pay a Higher Deductible

The deductible is how much you’ll pay to have your vehicle repaired in case of an accident. Often, the deductible is a few hundred dollars when you have a comprehensive or collision coverage policy. If you agree to pay a higher deductible, your insurance company will lower the monthly premiums. The amount they will lower will depend on how much deductible you agree to pay in case of an accident. You could go years with that monthly savings, but make sure that if there’s an accident or you have to make a claim with the insurance company, you can come up with the deductible.