Car insurance is one of those necessary evils. We feel like we are constantly sending our money off into a black hole, but it must be done. So, if you are sick of your car insurance rates and are looking for some tips for lowering your car insurance rate, read on. We’ve got the 5 most common ways to lower car insurance payments, and we’re going to fill you in!

Five Ways to Decrease Car Insurance Bills

Get Multiple Quotes Before Committing: Different insurance companies charge different amounts, and if you aren’t careful you could end up paying twice as much at one company over another. Shop around and get quotes from a variety of different places before putting all your eggs in one expensive basket! It might end up saving you over 50%!

Ask About Low Mileage Discounts: If you drive significantly less than the average driver, there’s a chance that you could score a lower payment. Check with your insurance company for any available discounts. Even without the discount on insurance, you’re saving money on fuel!

Drop Comprehensive Coverage on Older Cars: If you are paying for comprehensive insurance and your car’s value is really low, consider doing some calculating to see if it’s worth it. Here’s a general rule: If you take your comprehensive coverage premium and multiply it by 10, that number should be less than the value of your vehicle.

Avoid Lapses in Coverage: Lapses in coverage, even if brief, can put you out of the running for discounts. If you pay your insurance bills on time and keep yourself covered at all times (even if switching companies) you will end up paying less.

Watch Your Credit Score: More and more insurance carriers are looking at your credit score to determine your rate. If your credit score is in rough shape, it might be worth trying to clean it up. If you are worried about financing a new car, fill out this form to get pre-approved!