### Finding the Cheapest Auto Insurance

h4>Increase Your Deductible

Opting for a higher deductible can reduce your premium costs. While this means you'll pay more out-of-pocket in the event of a claim, it can lead to substantial savings over time. According to the Insurance Information Institute, increasing a deductible from $200 to $500 can reduce collision and comprehensive coverage costs by 15% to 30%³.