How to Get Affordable Car Insurance

If you lose job, take a pay cut or encounter any financial hardship, affordable auto insurance quickly turns from nice to necessity. It is easy and simple to find companies offering cut-rate car insurance. Is it the best way to go?

Not really, according to insurance experts. To find the lowest possible rates from an insurer that will be there when you need it, learn what type of coverage you must carry, research the reputations of insurance companies and take advantage of every possible discount for which you're eligible, experts say. They also recommend checking out pay-as-you-drive policies that peg premiums to how many miles you put on your car each year. Finally, if you are eligible, look how to find cheaper car insurance?

Here is a step-by-step guide to buy online car insurance without getting ripped off:

1. Start with the car: What you pay for comprehensive and collision coverage depends on the year, make and model of the car you drive. Generally speaking, higher premium for newer and expensive vehicle! Rates for comprehensive and collision coverage do not differ much. So, if you cannot afford to pay a lot for insurance and you are in the market for a car, buy one that is cheaper.

2. Know your limits: Most states have set minimum for liability insurance coverage, both for bodily injury and property damage. Look for coverage minimums or on your state insurance commission's Web site. If you are taking a loan to buy new or used car, the lender will likely require you to carry a certain level of comprehensive and collision coverage.