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Two-minute checkup

Is your car insurance costing more than it should?

Rates went up a lot in the last few years, and most people never ask for the discounts they qualify for. Answer a few questions to see what to ask your insurer, and whether you're paying for coverage your car doesn't need anymore.

What you pay

Car value: look up your car's private-party value on a pricing guide site.

Discounts you already get

Tick what's true. Your declarations page or app usually lists them.

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The three biggest levers

Insurers price the same driver very differently, and loyalty is rarely rewarded.

1. Shop around

Insurers price the same driver very differently, and loyalty is rarely rewarded. Comparing quotes once a year, and whenever you move, buy a car or have a birthday that changes your age bracket, is the most reliable way to keep your rate fair.

2. Ask for every discount

Discounts are not always applied automatically. Common ones include bundling home or renters insurance, paying in full, paperless billing and automatic payments, a clean driving record, low yearly mileage, a defensive driving course, good grades for student drivers, safety and anti-theft features, and usage-based programs that track how you drive.

3. Match coverage to your car

Collision and comprehensive pay to fix or replace your own car. As a car gets older and loses value, those coverages can cost more than they'd ever pay out. A common rule of thumb: if they cost more than about 10% of your car's value each year, consider dropping them, as long as you could afford to replace the car. If you have a loan or lease, your lender usually requires them.

Raising your deductible usually lowers your premium. It only makes sense if you could pay that deductible from savings tomorrow without borrowing.

Never drop liability coverage below your state's minimum, and consider more than the minimum. Liability pays for injuries and damage you cause to others, and medical bills can easily pass state minimums.

Sources

2 sources

Last checked October 2026. Amounts change every year.

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