The lower your credit score, the higher your premium, or the price you’ll pay for coverage. For example, people with a very poor credit score — between 300 and 579 — pay about 273% more than those with exceptional scores — between 800 and 850 — according to insurance comparison site The Zebra.

Raising your credit score can also help you save on your auto loan and many other financial products.

Checking your credit report for errors is one way to start improving your score — grab a copy of your credit history and make sure all the items listed are, in fact, yours. If not, you can try to remove an error by writing to the credit bureau and reporting the mistake.

Paying your bills on time and in full can also make a large difference in your score. Rocket Money is one of our favorite tools for creating a budget, which can help prevent overspending. The app also lets you easily negotiate bills and stay on top of upcoming payments.

Overall, common cars tend to be the most affordable to insure: after all, replacement parts tend to be readily available. New SUVs and smaller pickup trucks tend to fall into this category, including the Subaru Forester, Subaru Crosstrek, Ford Bronco Sport and Kia Soul, according to Consumer Reports data.

Cars that are more expensive to insure tend to be luxury vehicles and sports cars. Some electric vehicles, including Teslas, can also face a premium in the insurance market, Sean Tucker, a managing editor at Kelley Blue Book, previously told CNBC Select. Despite how common Teslas are, their batteries aren’t always easy to repair, so the entire car may need to be replaced. However, the prices are coming down.

If you have the option, buying a car that’s cheap to insure could help you lower your bills for years to come.

If you’ve been staying with the same car insurance company for years, you could be leaving money on the table. Car insurance prices can vary widely between companies, and not every company is the same. Comparison shopping is the best way to make sure you’re getting the best deal possible.

To find the best price, get several quotes from insurers in your area and compare them, aiming to keep the coverage limits and deductibles the same.

That said, raising your deductible could help you save. Raising your deductible from $200 to $500 could help you save 15% to 30% on your comprehensive and collision coverage, while raising it to $1,000 could help you save 40%, according to the Insurance Information Institute.

However, you should keep this amount reasonable: you’ll need to be able to cover it if something unexpected happens.

If you’re a renter, getting renters insurance alongside your car insurance could be a great way to lower the cost of both policies. Lemonade is one of our top picks for renters insurance, and the brand also offers car insurance that bases your costs on your driving frequency and mileage.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every insurance article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.