How To Save On Auto Insurance

Print this page
Talk to an insurance planner 800-576-3442  Auto Insurance 

Automobile insurance rates are based on a number of factors, including location (urban vs. rural), driver characteristics, and type and use of the vehicle. However, there are many things you can do to reduce the cost of your policy premium:

  • Comparison shop. Prices for the same coverage can vary greatly. ComparisonMarket offers a wide range of discounts and rates that could save you hundreds a year.
  • Raise your deductible. A deductible is the amount you will have to pay out of your own pocket before your insurance company will pay on a claim. Your premium will be lower if you have a higher deductible.
  • Lower coverage for older cars. Consider dropping Collision and Comprehensive coverages on older cars worth less than $1,000.
  • Buy a "low profile" car. Cars that have high theft rates or are expensive to repair often have higher insurance rates.
  • Pay premiums in one lump sum. Save service charges by paying your insurance premium all at once rather than in monthly or quarterly payments.

Discounts
Discounts vary depending on your insurance company. Ask your insurer about the discounts you may be eligible for that are not automatically applied to your policy. The following discounts could help you reduce your costs:

  • Low-mileage/restricted-mileage discounts. The less you drive, the more you save
  • Safety feature discount. Automatic seatbelts, airbags and anti-lock brakes can not only save your life but also save you money.
  • Anti-theft device discount. Ignition and fuel cut-off systems, alarms, hood and wheel locking devices, and window identification systems can protect your car and lower your premium.
  • Multi-car discount. Insuring more than one car with the same company may qualify you for a discount with many companies.
  • Loyalty discount. Insuring your car with the same company for a certain number of years can also provide you with a discount.
  • Other discounts. Over age 55, nonsmoker, safe driving record, completion of driver-training course, car-poolers, students away from home without a car, and good grades for students are other factors that insurance companies may take into consideration.

Get a Quote option not available in AK, HI or MA. Please call an insurance planner for quotes on Auto Insurance in these states. Acting on our coverage recommendations does not guarantee coverage if you have a loss or claim.

When you elect to schedule a call, you will leave wellsfargofinancial.com and go to the Wells Fargo Insurance web pages at wellsfargo.com. Wells Fargo Insurance offers a wide range of products from companies with high standards and excellent customer service.

Insurance products are available through Wells Fargo Insurance, Inc. (Minneapolis, Minnesota). Wells Fargo Insurance, Inc. is a licensed agency representing and compensated by the insurer based on the amount of insurance sold. Wells Fargo Insurance, Inc. is an affiliate of Wells Fargo Financial.

  • Insurance is:
  • Not a deposit of or guaranteed by the bank
  • Not insured by the FDIC or any federal government agency