It should always be a goal to ensure that you are getting the best value when you are getting car insurance. Getting inadequate coverage may save you a few dollars, but you need to consider if the risk you take it worth it. For example, if you are in an accident, the financial damages that you could be facing without insurance can easily run into the millions of dollars, which is not something that the vast majority of us are ready to take on.
In these days of intense business competition, car insurance is no different, and you should shop around to make sure you are getting the best value. There are various factors that affect the price of car insurance, and this depends on what risk group the insurance company will classify you in.
For example, If you are a young mans (typically under age 25), a senior citizen, or have gotten some tickets in the past couple of years, your car insurance rates may be significantly higher than someone else. This is especially true about the tickets where a moving violation type of ticket (not a parking ticket) in the eyes of the insurance company is like waving a red flag in front of a bull. The best thing you can do to keep your insurance rates down as much as possible is to have the cleanest driving record possible.
Another thing that effects your car insurance quote is where you live.
Now you cannot help where you live, but it will cost you. For example, car insurance if you live in downtown New York City is going to be significantly higher than if you live in Podunk Iowa, simply because the chances of having an accident that will cost the insurance company money is much greater in New York City than in Podunk Iowa.
Another factor that plays a big part in the cost of your auto insurance is what type of vehicle you want to insure. The rating takes many factors into account, such as how safe the car is in crash safety tests and the cost of repairing the car, even with minor damage. To use an extreme example, I am sure you can see how the cost of insuring a late model Corvette would be significantly different than insuring even a brand new Yugo or Kia.
Another thing you can sometimes do to get a lower auto insurance quote is to get more than one policy from the same insurance company. It is like getting a quantity discount. For example, if you get car insurance, the price is $x but if you also have your home owner insurance with that same insurance company, perhaps flood insurance as well, they will sometimes give you an additional discount on all three policies because of having multiple plans with them.