14 Tips to Save Money on Your Car Insurance

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9. Loyalty Discounts

As a thank you to long time customers, many insurance companies offer lower rates to those drivers who stay with them for years. The renewal or loyalty discount will vary depending on the insurance company’s individual policy on renewal discounts. It could take a few years to receive these discounts though. It’s important that you choose a company that has the best rates if you plan on staying with them for a few years to receive the discount. Each year before renewal, make sure you do a price comparison of other companies. If you will save more by switching to another company, it wouldn’t make sense to stay for the loyalty discount.