You must legally insure your vehicle, but this doesn’t mean you should overpay for coverage. Your insurance provider’s monthly premium expense will impact your budget, so looking for an affordable option is important.

It is possible to purchase the kind of coverage you need, protect your vehicle, and save money if you take the time to shop around and select the right provider and policy.

Start by learning more about the minimum insurance required in your state. Each state has specific laws regarding minimum coverage. 

These steps will help you find a more affordable policy for your vehicle:

1. Consider raising your deductible. This means you’ll have to cover a higher out-of-pocket expense if you get in an accident, but your monthly premiums will be lower. 
2. Drive less. If you drive less than the average person, use public transit to work, or carpool, let your insurance provider know. Some providers will grant you a discount since you’re less likely to get in an accident.
3. Have some clauses removed from your policy? Go over the policy you’re interested in and ask your insurance agent to make a few changes if there is more coverage than you need.
4. Update your coverage regularly. Your vehicle’s value will drop over time, and if you don’t upgrade your policy regularly, you might find that you’re paying for coverage that exceeds the value of your vehicle.
5. Bundle your policies. Most insurance providers will give you a discount if you insure more than one vehicle with them or buy a homeowner’s or a renter’s insurance policy when you insure your vehicle.
6. Be a good driver. You can usually earn a discount if you have a good driving record, but you might have to ask your insurance provider for a discount. Some insurance companies will give you an additional discount if you complete a driving class.
7. Improve your credit score. Some insurance providers calculate premiums based on credit scores. Work on improving your credit and contact your insurance provider to ask for a discount once your score goes up.
8. Choose a vehicle you can afford. If you are buying a new car, compare the average price of an auto insurance policy for different vehicles to find one that fits your budget.
9. Shop around. The premiums and discounts offered vary from one auto insurance provider to another. Request quotes and compare your options before you purchase insurance.

Combine all these tips to find an affordable policy to insure your vehicle. Ensure the policy you purchase meets legal requirements and provides enough coverage to replace your vehicle if you get into an accident.

Don’t hesitate to talk to your insurance agent to learn more about the discounts you might qualify for or ask for a discount!