Most of these companies consider three major factors when determining how much you pay: the place where you live, how old you are, and what kind of a vehicle you drive. The first two aren't something many people can or would change to save some money, but the last one is.
When deciding on what kind of a vehicle to buy, it is a good idea to call several insurers and get some estimates on how much the premium would cost. The differences between the most expensive and cheapest cars may just be surprising. Insurers consider the price of the vehicle and its eventual repairs, as well as the likelihood of theft, before computing the amount of the premium.
In addition, many insurers will offer discounts for vehicle owners who buy additional features such as anti-theft devices and daytime running lights that reduce the risk of damage or theft.
Another way to reduce the cost of a vehicle is to simply agree to pay a higher deductible. While some people might not want to think about having to pay a larger sum should an accident occur, in most cases saving up a thousand dollars will end up saving the owner a lot more in premium reduction. However, it is vital that the owner actually makes sure that he or she has the money to pay the deductible.
Older autos frequently cost more to insure due to a higher risk of an accident. For this reason, it sometimes makes sense to reduce the coverage on such older vehicles. Most experts recommend that the vehicle price be more than ten times the premium, or you might end up paying more in insurance than the vehicle is actually worth. Things like comprehensive or collision coverage do not need to be on an older car's policy, as typically such autos would be replaced in event of serious damage.
In addition to these factors, most insurers will offer discounts for various things like a good credit rating or low mileage. If your credit improves, or if you do not plan on driving the vehicle long distances, there is a chance that you may save money on your insurance premium. There is no harm in asking, so when speaking with an agent of a possible insurer it is a good idea to find out as much as possible about potential discounts.
Another fact to consider is that with most insurers, buying both auto and home coverage from the same company will be cheaper than buying these policies separately from two different companies. Coverage is required by law, and not something to skimp on, but with these car insurance tips it can be something that the owner saves money on.