With car insurance rates surging, here are 8 ways to cut your next bill

J.D. Power : 31% of car insurance companies in the US enacted a rate increase this past year .

Some states, like Florida , saw rates rise as much as 88% over the past 12 months .

Insurance companies use a credit-based insurance score in their underwriting process to determine rates.

Insurance company losses have hit historic highs as more frequent natural disasters and severe weather driven by climate change generate more claims for larger payouts.

State Farm , one of the largest insurers in the US , received permission to institute more than 65 rate hikes across 29 different states in early 2023 due to extraordinary losses.