Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

Full Bio →

Written by

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

Full Bio →

Reviewed by Joel Ohman
Founder & CFP®

UPDATED: May 23, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Here's what you need to know...

  • Car insurance is often a major expense for many people
  • Some people choose to eliminate car insurance altogether
  • Others are looking for the lowest car insurance available


Many people are struggling financially today, and they are being forced to make significant changes to their budget. How can you get the lowest car insurance rates

Shopping for car insurance online is generally a faster and easier way to compare rates and find affordable coverage.

Be sure to  enter your ZIP code into the FREE tool above now!

Table of Contents

Risks of Driving Without Car Insurance

While you may enjoy savings by canceling your policy, this is not advisable. In many states in the U.S., all drivers must purchase car insurance by state law.

When drivers do not comply with car insurance laws, they may be faced with monetary fines, the suspension of a vehicle registration or driver’s license, and possibly be sentenced to jail time.

Many lenders require car owners who have a car loan on their vehicle to purchase car insurance, and a lender may purchase a policy for you if you don’t maintain a policy.

In addition to these requirements, you also may be responsible for paying for car repairs and medical expenses for an accident you are involved in.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

Minimum Required Coverage

If you are interested in finding cheap auto car insurance, you may consider purchasing only the minimum coverage required.

The minimum coverage may pay for some or all of the damages and expenses related to an accident, and this level of coverage can prevent you from facing legal penalties.

So how much coverage are you required to maintain? Consider the following:

  • State Requirements – You can contact your state’s motor vehicles department to learn about your individual state’s insurance requirements.
  • Lender Requirements – If you have a car loan or lease in place, you should contact the lender to determine their insurance requirements.

Preparing to Shop for Rates

 

Once you have determined the coverage you need for your car insurance, you should gather the necessary information before trying to get a car insurance rate quote.

Consider gathering the following information:

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

Consider Your Deductible

Adjusting your deductible amount will have a direct effect on the premium you pay.

When you consider the deductible amount you want to pay, you should consider what level of premium you can afford to pay on a monthly or semi-annual basis.

Keep in mind that the deductible amount will also affect how beneficial filing a claim may be for you.

For instance, if you choose a $750 deductible and the claim amount is only $900, it may not be worthwhile to file a claim and risk an insurance rate hike.

However, if you choose a $250 deductible and the claim amount is only $900, it may be worthwhile to file this claim.

In general, the higher your deductible, the lower the premium amount will be. If you are interested in the lowest premium amount, you will raise your deductible to the highest level you can afford to pay.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

Which Companies to Shop for Rate Quotes With

When choosing which companies to shop for rates with, consider researching the different types of discounts a company offers first.

Each insurance company will have different discounts available, and there may be variations in the requirements to qualify for these discounts.

For example, you may find that you qualify for a safe driver discount with one company but not for another one.

By finding a company that offers a greater number of discounts, you can more easily determine which company may offer you lower rates.

Finding the Maximum Savings

While shopping for rate quotes online is fast and easy, it still does take time. Most people will not have time available to get a quote from every car insurance company.

You can easily gather numerous rate quotes together by using a car insurance rate comparison site.

This can reduce the time and effort required to get an individual rate quote from each insurance company.

Using a rate comparison website is a faster and easier way to compare insurance rates that different insurers may offer you, and quote tools can help you to identify insurance savings available to you.

Simply enter your ZIP code into the FREE tool below now!