How To Save Money On Car Insurance | 5 Tips! In this video, we will discuss 5 ways to save money on your car insurance. Tip 1 - Choose the right vehicles to drive. The type of vehicle you drive is the number one rating factor that affects your auto insurance premiums. Buying cheaper, older cars that cost less money and take less money to repair can help save you money on insurance. High-performance cars like Ferraris and Teslas are more expensive to repair and insure, so it's best to avoid them if you want to save money.