The Cheapest Way to Get Insurance (Without Sacrificing Coverage)
Whether you need car, health, home, or life insurance, saving money is possible—if you know where to look. Here’s how to get the best rates legally while still maintaining good coverage.
1. Compare Quotes Online (The #1 Money-Saver)
🚗 For Car Insurance: Use sites like:
The Zebra
Gabrielle
Compare.com
Insurance.com
🏥 For Health Insurance:
Healthcare.gov (Affordable Care Act marketplace)
eHealthInsurance.com
Your state’s health exchange
🏠 For Home/Renters Insurance:
Policygenius
Insurify
Lemonade (for renters)
💡 Pro Tip: Rates vary wildly—always check at least 3-5 companies.
2. Bundle Insurance Policies (Multi-Policy Discounts)
Example: Get car + home/renters insurance from the same provider (e.g., State Farm, Allstate, Progressive).
Savings: Up to 25% off your total premiums.
3. Raise Your Deductible (If You Can Afford It)
A higher deductible = lower monthly premiums.
Best for: People with emergency savings who rarely file claims.
4. Ask About Discounts (Most People Don’t!)
Common discounts include:
✔ Good driver (no accidents/tickets)
✔ Good student (for teens/college)
✔ Military/veteran (USAA, Geico)
✔ Pay-in-full (instead of monthly)
✔ Safety features (car alarms, home security)
✔ Low-mileage driving (usage-based insurance)
5. Improve Your Credit Score (Yes, It Matters!)
In most states, better credit = lower insurance rates (especially for auto & home).
Quick fixes: Pay down debt, dispute errors on your report.
6. Choose the Right Level of Coverage
Minimum liability insurance is cheapest but risky—don’t go too low.
Health insurance: If you’re young & healthy, a high-deductible plan + HSA can save money.