How to save on car insurance in 2027: Take these steps now
Making a few moves before the end of 2026 could help you secure more affordable car insurance coverage next year.
Car insurance costs can rise unexpectedly, but there are ways to keep your premiums manageable. As we near 2027, consider taking steps now to potentially lower your car insurance expenses.
Start by obtaining quotes from multiple insurers, including your current provider. Remember to compare policies with identical coverage and deductibles for an accurate price comparison. Your current insurer may not always offer the most competitive rate, so switching providers might yield significant savings.
Review your coverage and deductible to ensure they still align with your needs. If you're driving an older vehicle with lower value, you may not require comprehensive or collision coverage. Adjusting your deductible can lower your premiums, but maintain sufficient liability coverage to protect yourself in case of an accident.
Car insurance companies offer various discounts, but you might not be taking advantage of all available ones. Consider bundling your auto and homeowners or renters insurance, enrolling in automatic payments, or completing a defensive driving course. Some insurers also provide discounts for vehicles with safety features or for drivers with clean records. Contact your insurer to assess your eligibility for additional savings.
If you drive few miles or practice safe driving habits, usage-based insurance programs could be beneficial. These programs track your driving behavior via a mobile app or device and may reduce premiums for safer drivers. However, be aware that participation might lead to higher rates based on your driving habits. Before enrolling, inquire about the use of your information and the potential for increased premiums versus the savings available.
Ensure your annual mileage estimate is up-to-date, as outdated figures can result in incorrect premium calculations. If your driving habits have changed, such as working remotely or reduced commuting, inform your insurer and inquire about potential low-mileage discounts.
Finally, check your policy's renewal date and review your options several weeks before your policy expires. This allows ample time to compare insurers, evaluate discounts, and make changes without rushing. Keep in mind that switching insurers before your policy ends may involve cancellation fees, so verify there are no penalties and ensure your new coverage begins before your existing policy expires.
While you can't control all factors influencing your car insurance premiums, acting now can help you secure a more affordable policy for 2027. Even minor adjustments can lead to noticeable savings over time.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
