Is it possible to get a discount on my car insurance premiums if i am willing to pay more up front if so, how can i do this?

You can get a discount on the full payment of car insurance if you pay your premium in a single payment. Five of the 10 largest insurance companies. Five of the 10 largest insurance companies offer a discount on full payment, and the requirements are generally the same among insurers. However, the exact discount amounts may vary by company and state.

For example, the Travelers full-pay discount can help you save up to 7.5% on your premium. Save when you have two or more policies with Progressive. For example, if you have car and boat insurance with us, you'll enjoy a discount on one of those policies. You can also combine car with motorcycle, car with motorhome or any other combination of Progressive products.

And if you have auto and home insurance with us, you'll get discounts on your home and auto policies. If you pay the policy in full in advance, you'll get a discount. Below, you can learn more about how to lower your car insurance premiums with WalletHub's eight tips. Geico has many other discounts you could qualify for to reduce your car insurance costs.

Teenage drivers tend to pay more for car insurance than older drivers because insurers consider them to be high-risk. All major insurance companies use a credit-based insurance score to calculate premiums when allowed by law. On average, drivers without credit pay 67% more for car insurance than drivers with excellent credit, according to the WalletHub analysis. The average auto insurance premium has also become more expensive, increasing by more than 50% over the past 10 years.

Pay-per-mile car insurance might also be an option if you want to save on your premiums by reducing your miles. Customers in California and New York cannot get this discount due to state laws on factors that auto insurance companies can use to set rates and discounts. Considering how expensive car insurance is for young drivers, your teen could save on their premium by limiting the amount of coverage included in their policy. In California, Hawaii and Massachusetts, age won't have a direct effect on what you pay for car insurance.

According to data from car insurance comparison site The Zebra, paying in advance could save you up to 12%. Because your credit history is correlated with your likelihood of filing an insurance claim, insurers in most states consider credit data when setting their rate. In general, auto insurance premiums continue to fall every year until age 25, when rates begin to stabilize for the next few decades. Even moving a short distance or paying some credit card bills late can increase the cost of car insurance.

While you can't negotiate insurance rates, you can strategically negotiate the insurance shopping experience to get the lowest possible price for the coverage you need. One pay-per-mile coverage option is USAA, which was also rated as one of CNBC Select's best auto insurance options.

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