Cutting your auto insurance bill might be as simple as asking if you qualify for a better deal.
Just 16 percent of consumers have asked their auto insurer for common breaks like low-mileage rates or good-student discounts, according to a new InsuranceQuotes.com survey of 1,000 adults. "The first issue is awareness," said Laura Adams, senior analyst for the site. "A lot of consumers just don't realize that discounts are available. They think the rate is the rate, and there's no way to move off that."
That's a mistake that can leave big money on the table. In California, for example, where the average insurance premium is $750, someone who gets a low mileage discount for driving 5,000 miles per year instead of the average 15,000 could save as much as 25 percent, according to InsuranceQuotes.com data. "Any time you can go back to your carrier and say, 'I'm driving fewer miles, please re-rate me,' it's worth it," said Adams. A married 20-year-old could pay up to 21 percent less than a single person of the same age, for example, but the survey found that only 13 percent of the adults had alerted their insurer after they tied the knot.