How to save cash on your auto insurance


If you’re like me, you spend way too much on your auto insurance. The prices seem ridiculous at times, and I don’t even pay the national average of $1,503 per year. Some states like Michigan average $2,551/year. West Virginia, Georgia, Washington D.C., and Rhode Island all cost more than $2000/year as well. Oh the low end we have New Hampshire, Maine, and Ohio all coming in under $1000 with Ohio getting $926/year… drastically different from its neighbor to the north but still pretty pricey. Why do we have to pay so much, anyway? Turns out, we don’t. Check out this infographic from infographic from CJ Pony Parts on how to lower your average auto insurance expenditure.


There are some really great tips in there, and even things that are pretty easy to do. For example,

renewing your auto insurance policy in advance could save you 8%, or $120. That can buy a lot of

groceries. Opting for a higher deductible is even better, saving you 30%, or $451.

A few other great takeaways:

  •  Be a loyal customer: You can earn savings at the 1 year, 3 year, and 5 year mark from a lot of companies.
  •  Opt for auto-withdrawls: Not only does this save you stamps and time, but you can also get a reduced rate of about 4% when you sign up for automatic bill pay. Your insurance doesn’t want to deal with paper anymore, and they’re reward you for paying online.
  •  Stay in school: Your bachelor’s, master’s, or Ph.D. can get you a savings of 4% as well.
  •  Keep your mileage low: Bike or walk to work when you can. If you drive less than 10,000 miles each year you can often save up to 11%, or $165 (not to mention the gas). Auto insurance doesn’t have to be this expensive. Follow a few of those tips and see what you can save.
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