June 11, 2021
Ways to save money on your car insurance without compromising quality or service. We cover tips for getting better coverage and negotiating better rates.

How to Negotiate Lower Car Insurance Rates

Here is how you can save money on your car insurance

Is your car insurance too expensive?

You're not alone!

Car insurance rates have been steadily increasing and more people are feeling the pinch. Fortunately, there are ways to negotiate lower car insurance rates for yourself - even if you already have coverage.

In this blog post, we'll go over some of the best ways to save money on car insurance without compromising coverage or quality of service.

Are Car Insurance Rates Negotiable?

When you're looking to buy a car, it's important to understand that not all cars are created equal.

The make and model of your vehicle determine the cost of insurance, as well as how much coverage will be needed. For example: if you live in an area where there is less crime than other areas, your rates may be lower because there's less risk of thieves targeting vehicles.

The question of whether or not car insurance rates are negotiable is no longer a simple yes or no answer.

Rates vary from company to company and can be influenced by many factors, such as the driver's age, their driving history (including accidents), and more. However, there are some steps that drivers can take in order to lower their rates with any given insurer.

If you're looking for car insurance, you may wonder how much of a difference it makes to shop around. The answer is quite a lot. Rates can vary by hundreds or even thousands of dollars based on your age, driving history, and location. In fact, the cheapest car insurance rates were found in Indianapolis with an average cost of $1,150 annually, whereas in Boston the same policy could cost as much as $2,400 per year! It's worth getting quotes from several companies before deciding who to work with. 

But, are car Insurance Rates Negotiable?

Yes! If you are willing to accept more risk as to the owner with coverage that might be a lower level of protection, then you can negotiate rates. If the car is in good condition and has low mileage, or if it's been paid off for several years, this may be an option that lowers your rate.

Can I Negotiate Lower Car Insurance Rates?

Yes! Probably the best way to do so is by simply asking about discounts on one call with any insurer. You might also want to ask whether they offer bundled insurance - meaning home and auto coverage from the same company at once - which often provides substantial savings when compared to traditional plans sold separately. And finally, there are various ways drivers can get their car insurance cheaper: negotiating a better deal with insurers and shopping around for car quotes online.

Can you ask your car insurance company for lower rates?

Car insurance rates are not something you can negotiate. However, if your monthly payments seem high and unaffordable, consider comparing with other companies to find the best coverage for an affordable price!

The state heavily regulated the insurance industry, meaning that you cannot negotiate rates. If a company does not abide by these regulations, it can face fines or lose its license. You may lower your costs substantially in this market with higher deductibles and other deductible options offered through policy providers.

Insurance companies factor in a driver's history of infractions and collisions, their credit score, age, gender location type of vehicle insured- but don't worry! There are ways to save on premiums without sacrificing coverage.

Ask for higher deductibles

If you're looking to save on your monthly car insurance, increasing the deductible could help. With higher deductibles comes lower rates which can result in savings of up to 40%. Having less money set aside for an accident may be risky but with enough cash saved beforehand and by only carrying liability coverage, it's possible that you'll keep more greenbacks than before!

You can save a ton on your insurance by raising the deductible. If you increase it from $200 to 500 for example, collisions and comprehensive coverage will be reduced by 15-30%. Increasing that further, all the way up to $1,000 could reduce costs by 40% or more! Be sure of course if you want this risk though; because any claim means there's no money left in a savings account or residual income.

Compare quotes

Get quotes from a few different car insurance providers in your area. Finding the best company for you may take some time, but it will be worth it when you find one that offers coverage at an affordable rate!

Do not hesitate to inquire with multiple insurers and ask them about their prices before committing yourself - this makes shopping around so important. Start out by asking friends or family if they have any recommendations- these people can provide great advice on who has good rates and excellent customer service experiences themselves!

Bundle your policies

Bundle car and home insurance

Did you know that if you bundle your policies with one company, the chances are greater they will offer a lower rate for both?

When it comes to auto insurance, bundling is common. But there’s more! You can find cheaper rates on other types of insurances as well by combining them under the same provider like homeowners or renters.

Consider discounts

Not all of these discounts will be available as they are subject to state and insurance restrictions. The best way to ensure you're paying the least for car insurance is to follow our tips. Shop around as much as possible, keep your claims as minimal as possible. Follow the links below to help you find the best car insurance discounts for your vehicle. Ready to compare quotes? Check out our frequently asked questions section below to find out how to lower your car insurance rates. You can also find the price of your insurance and get a quote on the same terms of coverage.

Will A Short-Term Car insurance policy save me money?

A car insurance policy that renews will have a better chance for lower insurance rates, especially if you have previous tickets and/or accidents on your driving record.

The car insurance companies will automatically remove older incidents on your record. So, if your policy renews every six months you'll be able to see lower rates sooner vs. a 12-month policy.

The reverse is also true if you have a clean driving history to take long

How can I negotiate a lower car insurance rate?

One of the best ways to negotiate lower car insurance rates is to bundle your car, home, and life insurance policies.

The lower the risk for companies, the lower they will be able to offer you in rates.

It is important that this should not just include car insurance but also include other types of coverage such as homeowner's or renter's insurance because a creditor might still want to provide some form of protection for you even if there are no active claims against them.

There are many ways that can help reduce your premium rate by bundling different policies together with an auto insurer.

It may seem like more work at first glance, but it's worth checking out all available discounts and savings before deciding on how best to save money!

One way people who have excellent driving records do is to use multiple insurance companies even if they can't benefit from bundling coverage from one company to the next might provide you with better rates than staying put and not shopping around for lower premiums.

There are many ways that people can find lower car insurance rates, so don't be discouraged if it takes a little time to get your coverage set up just right!

The first thing is doing research on what your state's minimum requirements for auto liability are in order to avoid paying too much money out of pocket.

Some states have higher or more rigid standards when it comes to these types of things which will affect how high your premium rate ends up being instead of letting companies know this information upfront they may charge an individual who lives in a particular state far more than someone else would need because their monthly payments would depend

How do I get my car insurance down?

You can ask about having your credit re-scored to see if your credit has improved from when you first got your car insurance.

In many cases, your credit has improved especially if you've been paying down a car loan or other credit which can affect your car insurance rates dramatically.

Car insurance companies are also willing to negotiate with you if they see that your car is worth less than what it was when the policy began.

For example, a car accident may have resulted in expensive damage and this would lower your car's value significantly from its original cost which could then result in lower rates for people who negotiated with their auto insurer.

Some insurance providers will give discounts or other savings on coverage based on how many miles you drive each year; others might offer them just because of where you live. You should call around to different agents and ask about these types of things as well before choosing an automobile company to work with long-term.

Can you negotiate car insurance quotes?

While negotiating car insurance rates specifically are not available, because of government regulations, but that doesn't stop you from asking about them.

Ask your agent what discounts and incentives they offer for bundling auto coverage with home insurance or other types of policies. Some car insurers might give you a discount if you bundle with their homeowner's policy; others might rebate some money off the cost of car insurance each month just because you have it beside another type of home protection plan.


If you're feeling overwhelmed by insurance rates, don't give up hope. There are plenty of ways to negotiate lower car insurance rates and save money without compromising coverage or quality of service. 

Whether you have an existing policy with a carrier already or want to start fresh, we've got you covered! 

We offer various discounts for drivers who qualify as well as the opportunity to re-run your credit score in order to get the best potential deal on auto insurance.  

Make sure not to miss out on these opportunities when trying to find more affordable car insurance - talk about it with one of our representatives today! 

Ask them about all available discounts and how they can help increase your savings even more. 

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John Espenschied is a long-time veteran of the insurance industry. He's worked with thousands of clients over the years, helping to protect their personal and business needs. John's goal is to provide the best advice possible to assist customers in saving money while protecting their property and securing their financial future.
He truly enjoys helping others and takes great satisfaction in providing top-notch customer service. When he's not working, John has fun spending time with his family, golfing, bike riding, and blogging on insurance topics.