How Can I Find The Cheapest Car Insurance?

Insurance is defined as "a thing providing protection against a possible eventuality" and that certainly applies to insuring your car.

When you make the premium payment every month, quarterly, or yearly, you may be wondering if there are better things you can do with your money. There isn't!

Here's why. When you need it most there is nothing you are more happy about then car insurance. The question is how much insurance do you really need and how can you find the cheapest car insurance?

Doing your research can be as simple as just shopping around using the Internet or picking up the telephone. If nothing else you may just be confirming that you already have the cheapest car insurance possible.

Beyond when a policy is coming up for renewal, the most common time that people consider car insurance is when they are getting ready to purchase a new automobile. One thing to think about right now before you actually make the purchase is what makes and models are going to be cheaper to insure then others are.

1. One good tip is don't settle for the first car insurance policy that you get a quote on. You do have options and its worth your time to get a least three quotes from different companies to determine what is cheap car insurance and what isn't.

You might be surprised at how much prices vary from one company to the next. This is why it's so important that you consider the total picture.

Some people like to actually print off their quotes so they can spread them out and look at them as opposed to studying everything online. Consider everything from the quality of the company you are dealing with to all the features and benefits, and exactly what you are paying for with each quote.

2. What is the deductible? You certainly can affect your price and get the cheapest car insurance quote by raising the deductible.

You know what deductible is right is? This is the amount of money that you're going to have to pay before the insurance company takes over.

The higher the deductible is the lower your premium and it can lower that by as much as 30%. This obviously plays a big role in what the monthly premium is going to be so make sure that it's the same on every quote you are getting.

3. Volume discount. You see this talked about a lot and it really can make a difference. Sometimes you can take advantage of group insurance if you're purchasing through an association or maybe even your employer.

There is power in numbers and insurance companies are willing to reward the group by giving individual quotes at a lower rate than they might otherwise. Another way you can get a volume discount is to lump all of your insurance through the same company such as your health insurance, homeowner insurance, and so on.

Hopefully you have found these tips on finding the cheapest car insurance helpful!