Car insurance premiums are still rising. Here's how to cut your bill

Car insurance premiums have risen significantly since 2022 due to factors like increased car costs, credit score considerations, and price optimization by insurers. Despite these increases, there are strategies to reduce insurance costs, such as asking for discounts, reviewing policies, and shopping around for better deals. It's important to regularly compare insurance options to find savings.

What is one of the main reasons for the increase in car insurance premiums since January 2022?

• Lower demand for insurance

• Rising cost of car parts

• Increase in car thefts

• Decrease in car accidents

Which type of insurance covers injuries and damages you cause to others?

• Comprehensive coverage

• Liability insurance

• Personal injury protection

• Uninsured motorist coverage

How do insurers use credit scores in determining insurance rates?

• They use them to predict the likelihood of claims

• They use them to determine the type of coverage

• They use them to offer discounts

• They ignore credit scores completely

What is one way to potentially lower your car insurance premium?

• Add more drivers to your policy

• Increase your coverage

• Drive more miles

• Ask for a price reduction

What should you consider dropping if your car is nearly worn out?

• Uninsured motorist coverage

• Personal injury protection

• Collision and comprehensive coverage

• Liability coverage

What is a benefit of bundling your home and auto insurance?

• Higher premiums

• Fewer coverage options

• A discount on your insurance

• Longer claim processing times

What is a recommended action to take every year or two regarding your insurance?

• Increase your deductible

• Shop around for better deals

• Cancel your insurance

• Add more coverage options