Over the last several years, car insurance rates have been steadily rising due to factors like inflation, higher vehicle prices, and increased car repair costs. The average cost of car insurance these days in the U.S. is $2,014 for a full coverage policy, according to Bankrate’s most recent analysis. That’s up almost 14% from the previous year, which translates to an extra $240 leaving your wallet.
While car insurance rates are historically high, it’s still possible to save money on coverage. Whether you’re shopping for a new policy or looking to lower your current premium, there are plenty of ways to reduce your car insurance costs.