Adjust your current policy

You may be able to help decrease your car insurance premiums by taking on more risk (which decreases the risk you pose to your insurer). This could mean:

Dropping optional coverage, such as collision or comprehensive if you own your vehicle outright
Decreasing your coverage limits
Increasing your deductibles

Keep in mind that doing these things could increase your personal financial burden after a car accident.

Shop around and seek discounts

In addition to making adjustments to your current car insurance policy, you may be able to take additional steps to lower your car insurance premiums. These include bundling your auto and home insurance policies with the same insurer or shopping around to compare car insurance quotes.

And, don't forget about taking advantage of potential car insurance discounts, from safe-driver savings to discounts for students with good grades. Discounts vary by insurer, so be sure to ask your insurance provider for more information.