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Auto Insurance How can I save money on auto insurance?

Make insurers compete for your business by comparing car insurance quotes.
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Family in a car and protected by auto insurance

Auto insurance quotes from top-rated carriers

Everyone wants to save on auto insurance, and the best way to keep car insurance affordable is to make carriers compete for your business.

The good news is that the team at Guaranteed Rate Insurance can do the work for you.

We work with nearly 20 top-rated carriers to compare insurance quotes and connect you to the best option for your budget and lifestyle.

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  • Allstate
  • Triple A
  • Progressive
  • Travelers
  • Nationwide
  • Chubb
  • Liberty Mutual Insurance

How to save on Auto Insurance
Tip #1: Shop around to save

Do you know how insurance companies make money? They start most customers off with a low rate, and slowly raise costs every year to increase profit on your policy. The best way to keep your insurance payments as low as possible is to shop around every few years to ensure that you’re getting the lowest rates possible. Contact us to learn more about how we work with national carriers to help you save.*

If he were to shop around, he could save
up to $200 a month
on his auto insurance costs.

Source: NerdWallet

For example, a male driver in his early 40s has owned the same two cars for four years, has a very good driving record, and stayed with his insurance company. He claims that he doesn’t have time to comparison shop. This chart shows the increases he has seen in his auto insurance premiums over the past four years.

Monthly Insurance Cost
A bar graph with dollar amounts on the y axis and years on the x axis. 2019 shows a cost of $95, 2020 shows a cost of $100, 2021 shows a cost of $110 and 2022 shows a cost of $115.

How to save on Auto Insurance Tip #2: Compare as many quotes as possible

Comparison shopping for auto insurance quotes is one of the best ways to keep costs down. However, it can be a hassle to get quotes yourself. That’s where the team at Guaranteed Rate Insurance can help. We can do the research for you to find the best available quote to keep your car, truck, or SUV on the road.

Take a look at the comparison chart to better understand how widely some insurance providers can differ on similar auto insurance options.

Help me get quotes
Average National Car Insurance Quotes for Good Drivers
A chart with insurance company in one column and average quote in the other. Travelers: $1,852. Nationwide: $2,041. Progressive: $2,157. AAA: $2,852. Allstate: $3,000.

Source: Forbes

How to save on Auto Insurance Tip #3: Bundle Home & Auto Insurance

If you have multiple types of insurance that you need, bundling is a great way to maintain your coverage levels while cutting costs.

On average, bundling insurance
could save you up to 20%

The cost savings of bundling home and auto insurance can be seen when comparing the cost of these services individually to the cost of bundling.

Flip to see what your savings could be

Annual Rate Unbundled

Auto

Allstate

Home

Nationwide

$3,045

Annual Rate Bundled (Auto + Home)

Nationwide

$2,951

Annual Rate Unbundled

Auto

Nationwide

Home

Travelers

$2,921

Annual Rate Bundled (Auto + Home)

Travelers

$2,775

Annual Rate Unbundled

Auto

Travelers

Home

Allstate

$3,290

Annual Rate Bundled (Auto + Home)

Allstate

$2,625

Source: MoneyGeek

How to save on Auto Insurance Tip #4: Talk to an agent

Insurance agents can be your best tool to get lower auto insurance rates if you allow them to be. Contact us to discuss your current situation and help you find areas to save. Our agents are dedicated to helping you find an ideal solution for your vehicle and budget.

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