Even though car insurance  isn’t something you use on a day-to-day basis, it can be the most important part of owning a car. You can never predict when an accident will happen, so you want to make sure you are covered all the time. If you have an accident without having car insurance, it could be the biggest and most costly mistake of your life.
Shopping for the best car insurance rates can be a daunting task for the normal person. It’s something no one wants to do, but it can save you hundreds of dollars every year on your insurance premiums. You will also want to make sure that you get the most insurance coverage for your money. Some insurance companies advertise low cost car insurance, but they don’t tell you that you are only covered for a few thousand dollars; usually this is the lowest coverage that is allowed by the law in your area.
With advances in technology, you can now shop for low cost car insurance from the comfort of your own home. You don’t even have to talk with an insurance agent if you don’t want to. But before you run off to find a website that compares auto insurance rates, you will need to make sure you get the right coverage for your needs so that you aren’t over-spending or under-covered.
Make sure you have determined how much coverage you really need before you start to shop for cheap car insurance rates that will work with your current budget. Half of the insurance costs are uncontrollable and are determined by how you are going to use your car, and what your driving record looks like. This is the liability part of your insurance policy. There’s not to much you can do about this part of your auto insurance coverage but there is something that can be done about the other areas of your insurance policy.
Your comprehensive and collision coverage along with damage and theft to your automobile can be controlled to a certain extent. Shopping online for car insurance rates is the best way to find out just how much of a price difference can be achieved.
You will need to compare the amounts of coverage that are offered on each quote you receive to see which one is the bigger value for the money. You can’t always judge the best deal by looking at the price of the policy alone.
Don’t settle for just one quote when searching for cheap car insurance rates. Just because you get one quote that is a few dollars lower than the premiums you are paying now doesn’t mean it is going to be the cheapest one available to you. Make sure you get as many different quotes for auto insurance rates as you can when you begin your search.
Prices can be negotiated with your current insurance provider if you have several other low cost car insurance quotes in hand when you approach your insurance company about it. They may be happy to offer you a lowered rate to keep your business with them. If you are happy with your insurance company, it’s always worth asking for a lower rate on your current policy.
Having several quotes will let your insurance provider know that you are serious about switching to a new company in order to save money. If they aren’t willing to lower the cost of your car insurance rates, then be prepared to move insurance companies.
Once you have a cheap auto insurance policy in place, make sure you cancel your previous policy the same day. Just don’t get in a hurry and do it before you have another policy to take its place. If something happened over the day or two it takes to get a new policy, it could ruin your financial health.
Another thing worth mentioning is the fact that many insurance providers will not provide you with car insurance if you do not currently have an insurance policy in place. So don’t cancel your previous policy until you are sure you have an effective replacement for your current one.
If you don’t have an insurance policy already, you will have a hard time even getting a quote for any kind of low cost insurance coverage. You may have to pay a higher premium for a short period of time with a High Risk Company until you can get a policy that has lower auto insurance rates.
If you owe more for your car than the value it holds, you will have to get what is known as gap coverage. This is a policy that the auto dealer will offer you if you lease or put down less than a certain amount on your car. Gap insurance coverage can be obtained much cheaper from sources that are not in business with the auto dealer you are buying or leasing your car from.
If you do your research on gap insurance coverage you could save up to 50% over what the dealer tries to sell it to you for. This insurance is just another guarantee that if you are in an accident and your car is totaled you won’t have to continue to make payments on the balance that your normal insurance policy won’t cover.
In order to save the most money on auto insurance rates it’s always best to compare rates online to avoid getting ripped off on your current premiums. Find cheap car insurance that has a payment schedule that is easy for you to adhere to. If you know that paying it only twice a year is going to be tough on you, then just don’t do it. Look for a company who offers cheap car insurance that is payable by the month so that it is not such a big chunk of your hard earned money all at one time.