If you’re wondering if you can negotiate auto insurance rates, the short answer is no. States regulate car insurance costs, so you can’t ask your insurer to give you a lower price.
However, that doesn’t mean that you are stuck with the quote a car insurance company offers. One of the most effective strategies for lowering your rates is shopping around for estimates to see how rates vary between providers.
In addition to shopping around, there are several ways to find a more affordable rate, which MoneyGeek’s guide explores in detail.
Are Car Insurance Rates Negotiable?
Auto insurance premiums are similar to your utility bills, such as water, gas and electricity, in that they are not negotiable. However, that doesn’t mean your hands are completely tied. There are several ways for you to get better car insurance rates.
For example, you can check out the discounts different car insurance companies offer and determine which ones you qualify for. MoneyGeek also encourages prospective buyers to shop around and compare quotes from several insurers before selecting a policy.
Our free online quote tool can help you quickly see possible rates from different providers. You can use it to find the best rates for your buyer profile.
How to Get Cheaper Car Insurance Rates
Auto insurance prices are non-negotiable, so you can’t ask your car insurance company to lower your rates. However, there are several ways to find more affordable premiums.
Easiest Car Insurance Discounts to Find
An excellent way to get better car insurance rates is by signing up for auto insurance discounts. Be sure to search for potential discounts beyond what car insurers advertise on their websites — some discounts aren’t available in specific states. It’s most effective to ask an insurer directly about the discounts they offer and how to qualify for them.
Common Car Insurance Discounts
Frequently Asked Questions
Many people wonder if car insurance is negotiable. MoneyGeek gathered the most commonly asked questions about car insurance rates to help you navigate the best deals.
