Ways to lower your car insurance premium

A new study shows Texas drivers pay more for car insurance than most other states.

Texas had the 19th highest premiums at an average of $956 a year.  That is higher than California and Pennsylvania but we pay less than drivers in New York and Florida.

News 4 WOAI Trouble Shooter Jaie Avila has some ways you might be able to lower your insurance payment.

Your driving record and age are big factors in determining what you pay for car insurance, but there are some simple steps you can take to get a better rate.

First, shop around.  Rates vary greatly from one company to the next.

Carry a higher deductible.  A $1,000 deductible, instead of say $250, can save you up to 40% on your policy.

If your car is older, consider dropping comp and collision coverage.  Your car may not be worth what you are paying for full coverage.

Keep a good credit score.  Many companies use it to calculate your rate.

If you don't drive very much, ask about low mileage discounts.

Don't allow your insurance coverage to lapse.  Insurance companies will boost your premium if they suspect you haven't paid your bills on time in the past.

Don't pay in installments.  Some companies charge big fees if you make payments, instead of paying the entire premium.

If you are planning on buying a new car, check ahead of time how much it will cost to insure that make, model and year.  That could help you decide which car makes the most sense for you.


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