The average cost of car insurance in the United States is $1,674 per year for full coverage, according to 2021 data compiled by Quadrant Information Services. One of the biggest ways to save on that is to switch policies: A survey from Nerdwallet found that a good driver could save roughly $417 a year by switching.
Another big way is through maximizing your discounts. “Ask your insurer if you’re missing out on any discounts that you could be taking advantage of,” says NerdWallet’s insurance expert Ben Moore. As for how much you can save by pursuing discounts? “Car insurance companies usually cap discounts, but you still may be able to save 30% or 40% off your policy,” says Les Masterson, insurance analyst with CarInsurance.com. Here are some the discounts you may want to ask about.
Clean driving record
A record free from accidents and traffic violations is one of the biggest discounts offered to drivers, says Masterson. The amount of savings varies by insurance company, but can typically save drivers between 10% and 30% on their annual premiums.
When you bundle auto, home, renter’s or other policies with the same company you can often save hundreds of dollars a year across your policies. “One’s insurance company will usually offer sizable discounts to someone who insures both their home and car with them. If someone’s happy with the rate and customer service they’re receiving from their home insurance company, it’s a great idea to consider purchasing auto coverage from that group too,” says Moore.
Insure multiple cars in your household with the same company and you could save. Geico, for example, advertises that you could save up to 25% by …….