How Can I Find Cheap Car Insurance?

Times are hard and everyone is looking for a way to save money. And, for many of us, car insurance is a hefty expense, particularly if we own more than one vehicle. There are ways to find cheap car insurance and ways to reduce the cost on car insurance you already have. Here are a few tips to help you sort out the right car insurance for you.

If you're interested in finding reducing the cost of your car insurance by changing insurance carriers, take a look at those which advertise that they specialize in providing minimum car insurance requirements at the lowest prices. These companies help to find you the lowest cost on simple liability insurance - the coverage that most states require you to have. Their rates on collision, comprehensive and other "optional" types of insurance may or may not be any lower than other agencies, since their specialty is cheap car insurance for those who want the minimum coverage.

If, however, you're like most people and you want to save money on your car insurance but you also want full coverage, you should start by talking to your current insurance agent. In any economy, it's wise to review your insurance coverage and rates every few years so that you can ensure that your insurance coverage changes as your life and needs change. Reviewing your coverage regularly will also help see to it that you're getting all the discounts to which you're entitled.

For example, most car insurance companies offer multi-line discounts for people with more than one vehicle. The more cars you have insured, the bigger your discount. However, if you just add those cars without ever alerting your agent to the fact that you now have several cars insured with his company, you may never have the discount applied.

In addition to sitting down with your current agent to review your coverage, you may also want to shop around with other companies to see what rates they might offer you. Be certain to compare companies fairly, however, since minor differences in coverage can also change the rates.

If you're really strapped for cash, one of the ways to make sure your insurance is more affordable is to reduce your coverage. For example, you may choose to drop your collision coverage or drop or reduce your medical payments coverage. You can also switch to a higher deductible to reduce your monthly premiums.

Reducing coverage is a quick way to save cash, but there's a risk involved. You must also consider the consequences reduced coverage will have in the event of an accident. If you drop your collision coverage, can you afford the down payment on a new car if yours is totaled in an accident? Keep in mind that if you decide to reduce your coverage while you're financially strapped, you can always add the coverage back when your finances are back on track.

There are lots of things to consider when shopping for car insurance. Of course, we all want cheap car insurance, but we also need to have enough coverage to protect us. For more information about finding great car insurance rates, visit http://www.cheapcarinsurancquotetips.com.

Barry Brenner is a licensed car insurance agent specializing in low cost insurance.

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