This post contributed by Answer Financial, sister company to Esurance.

Paying for car insurance can be an irritating but unavoidable chore, just like washing dishes and taking out the garbage. But wouldn’t it be a little less annoying if you knew you could pay less, starting with your next bill?

Before shopping around for car insurance, familiarize yourself with these 5 common hacks from our sister company, Answer Financial.

5 money-saving car insurance hacks

1. Invest in security equipment for your car

There’s an assortment of safety-enhancing features out there that could protect you and your passengers, while also helping lower your insurance rates. Some of these add-on devices may even deter thieves from breaking into your vehicle. And you might already have them on your car.

Here are some features that could help you save:

  • Car alarms
  • Driver and passenger side air bags
  • Side impact safety shields
  • Tracking & disabling devices
  • Etched window / glass
  • Anti-lock brakes (ABS)

Next time you get an insurance quote, make sure you know all of your car’s security features. Sites like let you look up stock security features on your make and model.

2. Increase your deductible

Raising your deductible could significantly lower your car insurance premium. But before you make this adjustment, be aware that the trade-off is assuming more risk on your part. We often need car insurance when we least expect it, so make sure you are financially prepared for any out-of-pocket expenses in the event of a claim. If you can comfortably set aside a chunk of change, increasing your deductible may help you save a substantial amount of money on your premium.

3. Bundle multiple policies

Whether you drive one car or several, own your home or rent, insuring all of your properties with the same insurance company could help you save money with additional discounts on your policies. Many companies are also able to issue a single bill for all the policies you have underwritten by them, making it quick and easy for you to organize and manage your monthly budget. Bundling equals less work for you, less work for your insurer, and the alluring incentive of a lower rate.

4. Keep your car parked in a garage

Statistics show that vehicles parked inside garages are less likely to be stolen or involved in accidents. So while it may not make a remarkable impact on your premium, parking your car in a garage overnight, instead of the street, may lower your rates with certain insurers.

5. Inform your insurer of classes you have completed

Did you know that many auto insurance companies offer discounts for drivers who take classes to improve their driving skills? While this varies from state to state, there are usually 2 categories of classes available.

Drivers education classes

These courses are typically available for people with little to no driving experience.

Defensive driving classes

These classes are often available for more mature drivers (50 years and older) and can be taken every several years to help you save on your insurance.

For more great insurance tips, check out Answer Financial’s Insurance Center blog.

Please note:  The information provided above is general and does not necessarily reflect the policies of Esurance or the discounts available through Esurance.  Esurance’s discount amounts vary and are not available in all states.

DIY hacks | For your finances


about Answer Financial

Guest blogger Answer Financial offers shoppers the opportunity to compare prices and purchase auto and home insurance from top companies through its award-winning website or customer call center. Answer Financial is one of the largest auto and home insurance agencies in the U.S., with over 3.4 million vehicles and homes insured.