How To Save Tons of Money on Your Car Insurance!

If you woke up this morning and thought to yourself, "I wonder how I could save bajillions of dollars on my car insurance?" then you are totally in luck! Today I share with you the ways the insurance companies calculate our car insurance rate. Some of these things we can control and others we either can't or it wouldn't be practical to do so. So maybe don't rush out and get married for the cheaper car insurance rate, but maybe you could call and ask if you are taking advantage of all their discounts, etc. Next step would be to figure out what to do with all that money you are going to save!
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[@nol0velost]

This is all very true. I work for a Major Insurance Company. However, some states can only have 1 vehicle per policy. Also, Michigan is a ‘no fault’ state...so no matter who is at fault, the Insurance Company is responsible for repairing their insureds vehicle even if they weren’t at fault (this is why their insurance cost more money). Another thing is, if you voluntarily take a Defensive Driving course & send it to your insurance company...you can qualify for a discount.

[@cadezayd3138]

instablaster...

[@mddell58]

Credit score is most important. Color of vehicle. Type of vehicle. Tell your agent if you're a non-smoker. (It matters, not being distracted, etc.)

[@txijia]

D Hoosier what color is the cheapest? And what color is the most expensive?

[@mddell58]

Seraphina Wu The different reps I spoke to said red is always the most expensive, due to the fact (stats) that those color vehicles are found to race/speed more often than others. Green, maroon, brown, & white have lower rates than red.

[@slicklizardchamp]

D Hoosier you can tell an insurance agent you smoke like a chimney and it will have zero effect on your car insurance rate, good lord lmao

[@serjiogonzales1954]

@@Jkp564 if you're parking your money in a bank saving account, you're already losing. The real question is to imagine how much you'd have investing that money in an index mutual fund over those 30 years.

[@dawnrider23]

@@mddell58 As an insurance agent for over 10 years, color of the vehicle has NEVER played a factor in the insurance rate. I've never asked a client what the color of their car was. It makes a difference when you are driving because a red car is easier to see and more likely to get a ticket.

[@curiosity2314]

Same as my last comment, helps to live in an inexpensive state to buy car insurance. You have less people by far on the roads than Illinois. Michigan.. You drive in Michigan for a day and you will know why they pay more. I did for 10 months and it is very interesting with 70 mph speeds on the city highways. What is interesting is that on most local streets it is rare to hit a red light with all the U turns built in, it's a one of a kind driving experience. Different but somewhat well designed to move traffic.

[@AvailableUsernameTed]

I used to shop for new insurance every two or three years and change when I found cheaper insurance. I think I found the cheapest insurance in my area and haven't changed for the last 15 years though.

[@markladder5203]

Pipe2DevNull what company?

[@ARRTY97]

Good video, you have excellent energy in this one plus you are well informed as alwayd. I must say I love your thumbnail. Who knew insurance could be so thrilling.

[@milingy08]

We'll tell me why I'm paying $3000+ for 6 months with gieco... Clean record and good credit

[@shizzle1903]

3000?????? holy sh!t...

[@hunkydude322]

Gieco is expensive I found a other car insurance and saved 700 hundred plus dollars a yr Gieco is a rip off.

[@abnernoel2910]

@@hunkydude322 which car insurance do you use?

[@lazaroperez1665]

It really depends on the insurance score, a little different than credit.

[@ulardaddy]

An on what area you live in price will be low or skyrocket

[@ThePeterDislikeShow]

I think raising the deductible can be sensible if you have enough money to replace your car.

[@JoshGray1]

Thanks for all the great tips! You mentioned not lowering your coverage or raising your deductible, but what is your coverage and deductibles for reference?

[@apronacres7292]

if you're young, a good student discount and taking an approved learn-to-drive course. if you're 55+ yrs. old take an approved senior safety course. Senior classes are 8 hours the first time, online or in person, good for 3 yrs, then renewals are 4 hours, good for 3 yrs. cost me $17 online. saves you typically 5% so well worth the $17! our state, PA, only allows the 5% discount for one driver per household while some other states allow 5% per driver for the full household - ex. if 2 senior drivers in household both take class in PA, you get 5% total but in other states, you'd get 10%. Your state's dept of transportation can tell you which programs are approved but also call your insurance to be sure they accept it. Call your insurance company every year to review your coverage, be sure they have all your eligible discounts and car features (we finally realized they missed a $8/yr discount on my car's features for several years and they couldn't retro apply). If your car is old enough, drop collision insurance and only carry the medical. Some companies will give you a reduced rate if you allow them to install a gismo on your car that records your driving speed, braking, behavior and you score/drive well but the downside is that they can raise your rates if you drive/score poorly.

[@shovonmahmud1987]

You are a lifesaver! If you have more info like this please share with us. I will be looking forward to that.

[@klaudijaw.4342]

Thank you for your time and effort in making the video and doing the research.

[@JRJUNIOR215]

do you have to show your marriage license?

[@alkahl1030]

Another totally awesome money saving video! Thanks Frugalgreengirl !!!!!!

[@tammysmail6]

Geico charged me $207 a month for 5 straight months for coverage on 3 cars. Then on the 5th month wanted to charge me a whopping $1,432.00. They said it went up because I never signed up to directly pay each month from my bank account. WTF? I said I was never told that. They said, once you pay the $1432.00 it will go back down again. No Thank You, Goodbye!! What a rip off!!!

[@zooropa1967]

Great video! I knew credit score was a factor but I didnt know it made THAT much of a difference!!! Luckily I have a very good credit score. and I drive a 2002 Corolla. I pay less than 600 a YEAR for insurance. :)

[@fortunateadventures3664]

New subscriber,really enjoying your channel😊👍🏻

[@KMF3]

This doesn't seem to make sense for my car insurance. I have a 827 credit score, single 54 year old woman in AZ, 2007 Toyota FJ Cruiser, clean driving record, car and home insurance together and can't get my rate below $95 a month (and going up).

[@alfredobrown]

kari KF I am in a similar situation :(

[@ebonyfayne3471]

Same here. My coverage has never lapsed I have a great credit score clean driver record there's literally no blemishes anywhere I've gotten quotes as high as $4,000 for two vehicles a 2006 Infiniti and 2015 Infiniti. My insurance went from $800. I am now getting quotes anywhere from $1,400 to $4,000 for 6-month premium. What the heck happened?!!?? None of this seem to have applied in my situation.

[@lazaroperez1665]

To be fair, 95 dollars a month is a really good rate. I'm licensed in over 50 states and AZ rates are pretty high, most people pay over $2000 a year on insurance. You should feel lucky.

[@patelvidhu4840]

1. Improve your driving habit. 2. Use price comparison sites. 3. Ask for discount.

[@nicidevine6670]

We already saved money from AAA from leaving State Fram over $600.00 dollars 💵

[@Elisa-nl7kf]

In Florida they should have a law. If you're over 80 years old, you should automatically give up your privilege to drive and turn in your drivers license to the DMV.

[@visitor3756]

Elisa Hahahah I’m in South Florida 👍 Agree and foreign drivers and tourist 🤦‍♀️

[@ThePeterDislikeShow]

Um what if you're perfectly healthy? Plenty of people kill themselves with junk food and tobacco well before their age. Maybe a test every 3-5 years would be more sensible.

[@mzpreetyt]

In California they aren’t allowed to use your credit score for determination.

[@frankvarela7462]

I think that I so crazy they go by credit score. I will still be the same driver with a low score and a high score. Money scammer right there

[@phillipslife8716]

California doesn’t

[@verlonblackwell1469]

The reason they go by credit score is data, they have plenty of data that show that people with lower credit scores will be a lot more likely to file a claim.

[@whythiskolaveridi1883]

Best video ever

[@yaasy77smart1]

True credit score plays a big role year ago I brought a car and looking for insurance I wonder why insurance so high cause dealers told me I have poor credit score I work on my credit score it’s good now and also I finance car with high interest rate through bank omggg people learn from her

[@denisestathatos4147]

Taking the defensive driving course helps bc it reduces the premium by 10% for three years.

[@niftythriftybits3727]

Always informative! Great research..... Thanks!

[@ajm9238]

I'm in michigan and pay $30 per month. I'm happy with that, but Michigan car insurance is definatly to high. It's crazy!

[@yeppy013]

My credit score is above 800. How come GEICO keeps charging me more every year?

[@Mustafaljuboori]

Yeppy 01 because they can and you give them your consent

[@joshuabill827]

very clear explanation..love it

[@ThorMaximus]

It’s not your CREDIT SCORE-it’s credit based insurance score. When you buy a new car; say $30000 car; you’ve increased your debt to income ratio--you total that car that next month and insurance company is out $30K. You paid 1 month premium- that is one aspect of how that works.

[@alfredobrown]

Save bajillions by switching to frugalgreen ! :)

[@FiscalForward]

This was great! Thank you

[@karencatalano4349]

Let me see if I understand what you said my insurance could be higher if I get rid of my credit cards or Dept? I listen to this again not sure if I'm hearing right

[@stevediben7900]

Get rid of your debt! (Unless we're talking about your mortgage or a like 0.9% auto loan). Credit score is affected by average duration of your credit accounts - so yes, if you got rid of a credit card you've had for several years, it will likely lower your credit score.

[@giovannispscorpio]

Thank You ,,Very informative.

[@markmesan8758]

amazingly explain it so well...

[@patwagner9308]

very enjoyable, well thought out, good advice & much appreciated. Credit score, huh? wow! who knew ?! 😮

[@bufordbingham5792]

Why do insurance co s charge ins for every car you own. Like, I m single, 62, kids are grown. I can only drive one car at a time. I only one 1 truck. If I bought another car, like a classic, like a camaro or something. They would charge me the full rate on both cars. Even though one or the other never leaves the drive. You know what I mean? It's stupid! I think the insurance industry should figure this out.

[@maryamraf858]

Thank you very much 🙏🏻👍🏻

[@ooocarniegirlooo]

Work for a company that offers company or demo vehicles. (They have to insure their employees - anyways)

[@mark_osborne]

Or.... you could just do as we do in Detroit- forget the insurance !... and carry on - But seriously, something like 80% of Detroit drive without insurance, it's simply UN-affordable. Great video ;-)

[@phillipslife8716]

As someone licensed in CA to sell insurance id advise listening to non licensed advice with caution .Depending on your state these facts will vary , that’s why you have to get licensed in the state you sell. I wouldn’t recommend cheaper insurance you’ll regret it, you want enough coverage that covers you properly whatever that cost. What are you limits ?? That’s a huge factor in lower premium. Credit score doesn’t matter in CA. I hear all the time “well my friend pays this” there are many factors that determine a rate. How does this information help you save on insurance ? It’s not horrible info it’s just facts. Older cars aren’t necessarily lower your wrong. The collision and Comp might be but an old car can kill someone just as much as a new car. Bodily injury claims hurt your rate more, claims without bodily injury that pay less then a certain amount won’t raise your premium. The company I work for charges no fees if you use a bank account even paying monthly. You should get licensed if your interested in advising people legally.

[@mikemencon6462]

Shop insurance every 6 months!! I'm telling you.

[@dawnrider23]

Shop but don't switch every 6 months. That hurts your insurance premium in the long run because you have no longevity.

[@wross5961]

Mehh had good quote of 56 bucks on liability for 2 cars only to have it doubled to 106 dollars with a report of july 17 2016 of a accident.What accident i havent had one since 1998.

[@visitor3756]

It’s much more in Florida because of tourist. Young surf rat drivers and snowbirds and elderly drivers. Lots of accidents due to foreigners not understanding the driving system. For instance when excelling on a highway ramp I’m looking to merge onto highway. Had to slam on brake because of vehicle in front of me was at a complete stop ! This sort of thing happens all the time n

[@ThePeterDislikeShow]

Bad idea for taking care of an accident involving others on your own. They can come back and go after you for more.

[@Bradyviolation71]

Each state is different in some factors.

[@toddcott9510]

If you stick to the same insurance company in the UK you will lose out, shop around every year.

[@94p38]

Did you know you could save up to 15% ON YOUR CAR INSUREANCE!

[@CROD3ful]

its not about saving its about protecting you better, lower car insurance isn't really important when you are in a car accident.

[@TheWhyme01]

car insurance is a scam

[@dazie1245]

Honda cars are easy to brake into and hot wier so they are the #1 theft risk and therefore higher inc

[@rjhjrh6127]

Damn in that case I would get two 2007 insured for $260 a month. I have two cars insured for $150.

[@MrConradF]

So, not by switching to Geico? :-)

[@straubdavid9]

Geico seems to want to give everyone a good deal except their loyal customers. I'm not being offered any of those discounts she talks about, and my insurance keeps going up ..... I assume so Geico can give all those good deals to rope in new customers. I'm a hop, skip, and a jump away from dumping them! I'm not too far from looking for a newer vehicle (mine's a 1996), and when I do, I'll be looking for a company that wants to keep their customers.

[@smarthome2660]

Because they only offer to save you 15%. She has a 15 minute video and she offers to save you a gazillion dollars on your car insurance. I like her way.

[@straubdavid9]

She starts off saying she will save you a ton of money, but is that a ton of one hundred dollar bills, or a ton of one dollar bills? Perhaps she should be a little more specific ~8^)

[@imogenbegns]

Geico is awful. Just got off the phone with them and they were totally unwilling to lower my rate or offer any discounts on top of the ones we already have. They didn't have any of the discounts she mentioned so we're switching.

[@ooocarniegirlooo]

LOL ya'll are funny....that was my first thought after reading title & seeing the thumbnail ❤

[@ladodge3258]

Can you tell us a specific company?

[@mddell58]

Lala I had to do a ton of research while working at an attorney's office. Farmers Insurance (not Farm Bureau) & American Family had substancially lower rates than all the other insurance companies. This is a fact from a study I did. I'm NOT affiliated with any insurance company, nor am I related to any insurance rep. It's very simple to find out if a company can offer you lower rates. All you have to do is walk into their office and hand them your policy and ask them how much they would charge. I never let other companies see how much I'm paying. I just asked for their quote. If you're not able to go to the office, then all you have to do is send them a fax, or send them an email. Remember, you do not have to tell them what you are already paying. Actually, it's best if you don't. That way they can't play around with the numbers.

[@brianwijaya4032]

good

[@nicholasreynolds4406]

pretty good insurance

[@ClimeLife]

This video was great & very informative but the music at the end was extremely annoying and loud. Thanks for the tips tho!

[@badroolshaw2638]

Great video

[@girldboro9834]

I live in New Jersey with a 18 year old son. Nothing inexpensive for me!

[@aboelsofalabed1588]

My insurance company increase my payment because I have been involved in a car accident but it is not my fault again it is not my fault at all why they increase my payment thank you so much

[@elvioperez5940]

aboelsof alabed did you file the claim with your insurance? Or did you file claim with the person who was at fault?

[@aboelsofalabed1588]

Elvio Perez I wasn't driving my car I was driving my works truck

[@elvioperez5940]

Does the accident file show you not at fault? Where I work if a person has been involved in a car accident it will show "non chargeable" if they're not at fault and it doesn't count against them.

[@aboelsofalabed1588]

@@elvioperez5940 yes was non at fault still they increase it 10$

[@Cookiemanscity]

Why do I pay 350 a month

[@jessicathomas3990]

In California ur credit does not affect your car insurance rates.

[@HarmScher]

thank god. i dont have credit and need to build one

[@markladder5203]

Start 2:20

[@anlyq2]

Good video. I'll definitely be calling my insursance agent..I'm overpaying.

[@off-gridwiththeappelbergs5233]

I live in montana my insurance is more expensive then if lived in other state.

[@peggyghirardello275]

We got letter from insurance we have one sun I never drov r my husband has excellent driving record he got letter saying his payment was going up we have full coverage now because we bought it new two thousand sixteen so I told him to call them up we have our car house insurance together well he called got more coverage save nice at money just for that phone call so don't be afr a I'd to call complain

[@donaldwilkinson2304]

good speacking

[@ramiro8628]

That Dave Ramsey comment haha

[@ralphjack2521]

hay hallo

[@julianchavez9296]

All of the insurance rip you off.... and next thing you know your insurance is going to go up because of driving with a dog on the passenger side.... is just ridiculous...

[@138152930]

Bajillions? That would mean the insurance companies would pay me.

[@leilandikumana374]

Uuujjkk8 and the other guys 89in it in 99with for me

[@peggyghirardello275]

And for comment on here saying drive without car insurance I sd the reason people who r responsible adults pay a ND I am sick of hearing p r pole getting in accidents and person hit u has no car insurance I think laws need be lot stiffer for people driving with no insurance sham r on u jerks

[@ThorMaximus]

This girl HAS ZERO CLUE about car insurance. For example, Michigan car insurance is about the unlimited PIP law, FL has high fraud due to PIP. Older cars do not mean lower rates... what difference does it make if this clueless person hit me in a 2000 Toyota or a tank if my car is totaled and I have a broken neck? She’s leaving out tons of stuff and how to get a true lower rate

[@W1LDWESLEY]

Pretty-smart :b

[@user-iv6ty3cd5i]

We have two sons and I kind of feel jipped

[@2009EricG]

What info did u really give?!

[@brianmilton6538]

good

[@johnwilkinson7713]

good