15 Tips and Ideas for Cutting Car Insurance Costs

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Due to the litigious nature of our society and the increasing prices of vehicles, car insurance rates are on the rise across the country. The bad news is that insurance isn’t likely to come down in price anytime soon. The good news is that there are things you can do to minimize increases or reduce the burden on your wallet.

Key Takeaways

  • One of the ways to lower car insurance is through a discount bulk rate for insuring several vehicles and drivers at once.
  • Lower car insurance rates may also be available if you have other insurance policies with the same company.
  • Maintaining a safe driving record is key to getting lower car insurance rates.

1. Multiple Cars and/or Drivers May Save Money

If you obtain a quote from an auto insurance company to insure a single vehicle, you might end up with a higher quote per vehicle than if

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Your Driving Costs | AAA NewsRoom

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Spike in Finance Costs Drives Increase

ORLANDO, Fla. (September 12, 2019) – It’s going to cost more for those looking to buy a new car this year. Finance costs on new car purchases have jumped 24% in 2019, according to new AAA research, pushing the average annual cost of vehicle ownership to $9,282, or $773.50 a month. That’s the highest cost associated with new vehicle ownership since AAA began tracking expenses in 1950 and a reminder that the true costs of owning a vehicle extend far beyond maintenance and fuel.

“Finance costs accounted for more than 40% of the total increase in average vehicle ownership costs,” said John Nielsen, AAA’s managing director for Automotive Engineering & Repair. “AAA found finance charges rose more sharply in the last 12 months than any major expense associated with owning a vehicle.”

Additional Resources

The spike in finance charges – which rose from

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