Why life Insurance Costs Are Rising
In 2025, life insurance rates have increased by an average of 15% nationwide. Understanding why can help you find ways to save.
Top 10 Ways to Save on life Insurance
1. Compare Quotes Regularly
The single most effective way to save is comparing quotes from multiple providers. Our users save an average of $487/year by switching.
2. Bundle Your Policies
Combining life insurance with other policies (home, renters, life) can save you 15-25%.
3. Raise Your Deductible
Increasing your deductible from $500 to $1,000 can lower your premium by 15-20%.
4. Ask About All Available Discounts
Most insurers offer discounts for:
- Good driving record
- Low mileage
- Safety features
- Multi-vehicle policies
- Paying in full annually
5. Improve Your Credit Score
In most states, a better credit score means lower insurance premiums.
6. Take a Defensive Driving Course
Many insurers offer 5-10% discounts for completing an approved driving course.
7. Drive Less
Low-mileage drivers often qualify for significant discounts.
8. Choose the Right Vehicle
Insurance costs vary significantly by vehicle. Consider insurance costs when buying.
9. Review Your Coverage Annually
Your insurance needs change over time. Review and adjust coverage yearly.
10. Look for Special Programs
Many insurers offer usage-based or pay-per-mile programs that can save frequent savers money.