How to save money on your car insurance

EMBED </>More Videos

Patricia Lopez shows you how to "Stretch your dollar" on car insurance

If you want to save money on car insurance, there are ways to save, but you'll have to consider three big items that will make your rates go up.

According to a Consumer Reports study on the national average of a couple owning two Toyota Camrys, having poor credit will hurt you the most. Expect to pay $2,090 dollars more.

If you are a parent of a teen, expect to pay $1,500 more.

If you have two "at-fault" accidents, that will cost you $1,100 more to your premium.

Here are some ways to decrease your premium:

Not everyone can do this, but if you can become a homeowner, you'll save $110.

Another way to save, increase collision deductible from $500 to $1,000. That'll save you $140.

If you buy a home and bundle your homeowner's insurance and car insurance, you will save $235.

Getting married will save you big time. That's $535 back in your bank account.

And finally, if you have been with the same insurance company for years, don't assume you are getting a great deal. Insurers sometimes take advantage of you doing nothing, so shop around.

Related Topics:
financestretch your dollarinsurance
(Copyright ©2017 KTRK-TV. All Rights Reserved.)

Load Comments