Car insurance is a pre-requisite to get a license and drive a car. Agreed! But where and how to get a best deal on car insurance? Don’t worry, I’m here.

Remember, auto insurance varies with the insurance agency, your driving record and the type of the policy you want to buy.

If you are looking for affordable auto insurance then read right on.

You can actually reduce your monthly car insurance premiums without giving up the insurance coverage (services insurance company provides) significantly.

Affordable Car Insurance = Lowest Premium + Highest Coverage

This is the most sought after combination but how do we get this combination right?

Simple. This is what I Do:

§ Check auto insurance rate quotes online to allow you good comparisons across shops. Just don’t accept the prices that come along your way. Even after you insure your car, don’t go to sleep. Keep on checking the insurance rates, they change periodically.

§ Don’t be shy to ask your insurance broker for available discounts because many insurance providers do offer a host of discounts. The bad news is insurance providers do not advertise these discounts, so review your car insurance policy, find out the discounts you are qualified to receive and contact your provider accordingly. Simple, isn’t it? An additional safety feature like day time running lights or certain age or same insurance company as home insurance can earn you additional discounts.

§ Raising deductibles is another easier way to reduce the rates. Higher the deductible, lower the premium. The deductible is the amount you pay to make your insurance company pay the rest in the event of an accident. I mean you have to pay that. You don’t have to drill hole in your pocket but just need to balance between premium and deductible, as per your choice.

§ Clean record on the current policy, having your homeowner’s coverage with the same insurer, defensive driving course, accident free driving record and an approved anti-theft device in your vehicle are considered to reduce your rates a lot. A safe driving record with no accidents and traffic violations, alone, can get you the most handsome discount.

§ The type of car also affects the rates. They, also, vary among the different makes and models of the car. The different rates are based on the risk of accident, cost to repair, higher theft rates for a particular model and replacement costs with a new vehicle. You might want to consider this before buying your dream machine.

§ If your car is old and not very valuable, comprehensive insurance is not worth it as it can easily add up to more than you’d ever receive in the event of an accident.

§ Opting out of collision insurance directly cuts 20% from your rates.

Rest assured most of the insurance companies are very good at judging good drivers because they always want to insure the safer drivers because the risk is much lower. It’s all about money, honey!