Driving a Bargain

Car insurance is getting cheaper amid heated competition. Go ahead, demand a better rate

After some fat years for insurance companies, motorists are finally sharing in the benefits of a safer driving climate. The average rate for auto coverage fell 2.8% last year--the first decline in 25 years. Premiums should fall an additional 4.5% this year, and motorists with good driving records may save even more. The best part is that you may get a rate reduction without having to ask. Competition is that intense. But don't count on it. Review your policy to make sure that you're not overpaying.

The lower rates have been a long time coming, given the powerful trends that have...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!