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Insider Tips to Cut Auto Insurance Rates for You and Your Teen

Laura interviews Leslie Kasperowicz, an insurance expert from AutoInsurance.org, about insider tips that individuals and families can use today to save money on auto insurance. Find out many often-overlooked discounts and strategies to reduce your auto premium without sacrificing the quality of your coverage.

By
Laura Adams, MBA
2-minute read
Episode #681
The Quick And Dirty

Every driver must have some amount of auto insurance, but you shouldn’t pay more than you have to. By regularly shopping rates and asking for applicable discounts, you can cut the cost to insure your new or used car.

Insurance is a critical part of a healthy financial life. Some types of coverage are optional, such as life and disability insurance. But other types, such as auto and homeowners, are required by law or by your lender. 

While every driver must have some amount of auto insurance, you shouldn’t put your policy on autopilot! If you don’t regularly shop and compare rates and take advantage of discounts, you’re probably overpaying to insure your new or used car.

If you don’t regularly shop and compare rates and take advantage of discounts, you’re probably overpaying to insure your new or used car.

I interviewed Leslie Kasperowicz, an insurance expert and managing editor with AutoInsurance.org, for tips on how individuals and families can save money on auto insurance. Unfortunately, if you have a teen driver, the cost of adding them to your policy may be shockingly high. 

Leslie spent several years with a top insurance carrier, working directly with customers. For more than a decade, she’s been an insurance writer, with articles and data studies featured in major publications, including Reader’s Digest, Fox Business, and the Washington Post. 

On the Money Girl podcast, Leslie and I discuss many often-overlooked car insurance discounts and strategies to reduce your auto premium without sacrificing the quality of your coverage. Some of the topics we cover include:

  • Data from a 2021 AutoInsurance.org study, Best States for Cheap Teen Auto Insurance, on the most and least expensive states to have a teen driver. 
  • Types of cars to consider for teens that save money on auto coverage. 
  • Whether teens should purchase auto insurance or be on a parent’s policy. 
  • How to avoid common and costly auto insurance mistakes. 
  • Many tips for cutting the cost of car insurance and maintaining excellent coverage, and much more.

Listen to the interview using the embedded audio player or on Apple PodcastsSoundCloudStitcher, and Spotify.

What questions do you have about saving money on your auto policy or other types of insurance? Please leave me a voicemail by calling 302-364-0308. You can also send me an email, sign up for my weekly newsletter, or connect on social media at LauraDAdams.com.

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.