Auto insurance prices varies from vendor to vendor- look around for good deals

Auto insurance prices vary from company to company and it is best to shop around first. By simply investing some time in comparing the rates you can save a lot of money on your car insurance.  Auto insurance best rates can be had if you follow these simple guidelines. 

Firstly, begin your policy hunt by understanding what type of coverage you require and what does that coverage entail. One of the major reasons for opting for auto insurance is to safeguard yourselfin case of accidents and there are many types of coverages available. A liability policy takes care of all medical and car repair expenses for the person with whom you have had an accident. With collision coverage, it takes care of repair expenses of your car if it is damaged in the case of an accident. 

The comprehensive policy coverage means that if something happens to your car in case of fire, acts of nature like hailstorms or if it is damaged or destroyed due to vandalism, it will be taken care of under this policy. The personal injury protection coverage takes care of any medical costs incurred to you or your passenger in case of accident. Auto insurance policy also offers uninsured motorist coverage in case your car is hit by an uninsured motorist or is involved in a hit-and- run scenario. When you get your quotes from various auto insurance providers ensure that they are for the same policy. In such a case, getting auto insurance quotes online works very well as you can simultaneously compare the various rates and there is no room for error. 

The second way to cut down on auto insurance prices is by raising your deductible to the highest comfortable amount. This way you will be able to decrease your auto insurance by almost 30 to 50%. By increasing the deductible the fees for your comprehensive and collision coverage get lower and you can save a substantial amount of money. 

Thirdly, it always helps to scout around for discounts as there are many auto insurance discounts available and for which you may be eligible. These include discounts for a clean driving record and low mileage record. Many companies offer multi-policy discounts as well as multiple car discounts. Sometimes insuring two cars works out cheaper than insuring a single car and if you are in the process of buying a new car, it is wise to get insurance quotes on both cars. Make sure that your policy includes these discounts if you are eligible for them. 

The other ways to get better auto insurance rates are by installing anti-theft device in your car and by also opting for a one year policy instead of a six months period. It also helps to mention whether you use the car frequently or not and whether the trips are for short or long durations. 

All the above factors greatly influence the auto insurance prices and it is to your advantage if you follow these tips.