5 Money Moves To Stop Overpaying For Car Insurance This Month

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1. Compare Quotes From Multiple Companies Every 6 Months

You wouldn’t buy the first pair of shoes you see, right?

So why let your car insurance company overcharge you for years?

• Insurance rates change constantly, and loyalty rarely pays off.
  
• New discounts appear all the time. Safe driver, good credit, and even location.
  
• Comparing quotes online can drop your rate in minutes, sometimes by hundreds.
  

👉 Here's How You'll Do It: Check prices from at least three insurers using a comparison tool before your next renewal and switch if you find one that saves you $30+ a month.

Make It Easy: Check out Insurify to instantly compare top-rated insurance quotes without calling multiple agents.

2. Remove Add-Ons You Don’t Need

You might be paying for extras you didn’t even realize you had.

FYI, “roadside assistance” and “rental reimbursement” sound fancy until you never use them.

• Extra coverage sneaks in, especially during auto-renewal.
  
• Towing and glass coverage may overlap with your credit card or AAA.
  
• Removing unused add-ons can save $15–$25 per month instantly.
  

👉 Here's How You'll Do It: Log into your policy dashboard, uncheck unnecessary coverage options, and recalculate your total before the next payment hits.

3. Choose a Higher Deductible

If you’re a safe driver, you might as well bet on yourself.

Raising your deductible can lower your monthly bill faster than skipping lattes for a year.

• A $1,000 deductible often saves you 20% or more.
  
• You only pay it after an accident, not every month.
  
• Fewer claims = lower long-term rates. Insurance math at its finest.
  

👉 Here's How You'll Do It: Ask your provider to show what you’d save with a $500 vs. $1,000 deductible, then pick what fits your comfort level.

Make It Easy: Open a Betterment Cash Reserve Account to set aside your deductible safely and earn interest while it sits there.

4. Drive Less and Save With Mileage-Based Plans

If you work from home or barely drive, you’re probably overpaying right now.

Mileage-based insurance rewards low-mileage drivers. Basically, paying less for using your car less.

• Pay-per-mile programs track actual miles, not estimates.
  
• Drivers under 10,000 miles/year often save $300–$500 annually.
  
• Perfect for remote workers, stay-at-home parents, and city commuters.
  

👉 Here's How You'll Do It: Contact your insurer or check online for “low-mileage” or “usage-based” plans, then submit your average monthly mileage.

Make It Easy: Get a compact digital odometer tracker to log your mileage automatically for accurate reporting.

5. Pay for Six Months at Once

Paying monthly might sound easier, but it’s secretly costing you.

Most insurers add sneaky “installment fees” every month that really add up.

• Full payments avoid extra fees and often earn small discounts.
  
• You lock in your rate for six months, even if prices rise.
  
• It’s one less bill to worry about, and who doesn’t love that?
  

👉 Here's How You'll Do It: Save up and pay your next renewal in one shot using your checking account instead of monthly drafts.

Make It Easy: Open a Betterment Cash Reserve Account to automatically save small amounts weekly until your next policy payment is due.

📌 SAVE IT FOR LATER! 📌