Everyone is trimming their costs these days, and it’s important to get the most inexpensive car insurance you can find. But many things factor into your insurance premium – things like your age, your driving history, the type of car you drive and where you live. Coverage is also a major concern. If your bare-bones car insurance policy doesn’t give you enough coverage, you might end up losing out if you have a claim. The wisest option is the one that takes all relevant factors into consideration.

The first factor to consider is the kind of coverage you need. Different states mandate different coverage and policy limits, so it’s necessary to find out which ones are required in your state when researching inexpensive car insurance. It’s also wise to consider the type and amount of driving you do to determine which coverage makes sense for you.Medical payment coverage covers you and your passengers up to the stated policy limits if you’re hurt in a car accident, no matter who was to blame for the collision. Uninsured motorist coverage helps reimburse medical expenses if you’re hurt by a driver who either doesn’t carry insurance, or doesn’t carry enough. Bodily injury liability and property damage liability protect you in the event you’re at fault in an accident and liable for other people’s bodily injury or property damage.

Collision coverage helps cover the cost of repairing your vehicle, or replacing it, if it was totaled. Comprehensive coverage helps you recover losses caused by non-collision events such as weather-related damage or theft. Experts say that collision and comprehensive coverage make sense if you have a new or expensive car, but that if you have an old car that isn’t worth much anymore, you should drop this coverage.

Aside from shopping around, what can you do to find inexpensive car insurance? Experts recommend talking to your insurance broker, especially if you haven’t touched base in awhile. It’s likely that your life has changed. If you’re closer to work now, if you’ve moved to a safer city, or if your new car is less attractive to thieves than your old one, your premium may be reduced. You can also lower your premiums if you install an anti-theft device in your car. Some insurance companies offer discounts to people with a good driving history, or who pass certain safe driver courses.

You can ask your broker about a lower deductible to save money on monthly premiums. Some companies also offer a discount to customers who carry multiple policies, so if you insure your home or any recreational vehicles through the same carrier, ask if you can get a reduction. If you belong to any clubs or associations, mention them as well. Sometimes professional groups offer their members a group discount on car insurance.

With a little research, you can probably shave at least some money off your monthly car insurance bill — and maybe more than just a little. Compare rates, talk to your broker, and keep current to get the best car insurance coverage for the smallest price.

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