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Texas Department of Insurance
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January 11, 2024

How to lower your car insurance costs


If you need an auto insurance policy, use our tips to shop.

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What are some factors that affect insurance costs?

Some factors are riskier driving, weather events, and inflation. Inflation causes auto parts and repairs to cost more.  

What should I do if my auto policy price increases?

First, ask your company if they offer any discounts you’re not getting. They might have discounts if you haven’t filed any claims or if a driver on your policy is a student with good grades.

Why did my auto premium go up more than my neighbor’s?

Insurance companies consider multiple factors when they decide your premium. They include the type of car you drive, where you live, how much you drive, and your driving record. If you have a more expensive car or have been in more car accidents, for example, your rate will be higher than your neighbor’s.

What are some car insurance shopping tips?

  • Shop around. Call several companies to ask for prices.
  • Consider an independent agent. They can shop for you and give you quotes from several companies.
  • Consider raising your deductible to save money on your premium. Just know you might have to pay more up front if you file a claim.

Look at your coverages. If you have another car in the family to drive in an emergency, you can think about dropping rental car coverage.

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