Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Apr 23, 2020

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Things to Remember...

  • Most jurisdictions require insurance as a condition of owning a car, and any product required to be purchased by law is almost certain to be overpriced since the consumer is denied their normal leverage of refusing to buy
  • Don’t ever hesitate to shop around, and if a competitor makes you a better offer, don’t be afraid to make a switch
  • It is generally wise to check the auto insurance market for bargains about every six months or so, just to see what has become available recently
  • One of the most under-appreciated ways to keep auto insurance rates down is one of the most basic keeping a good driving record
  • Through the miracle of the world wide web, it is now possible to compare and contrast insurance policies and their costs in ways that would have been unthinkable just a decade ago, by virtue of easy to use websites that are designed for exactly that purpose

One of the biggest expenses of owning a car is insurance, which means that every driver is on the lookout for the cheapest car insurance they can get. But does such cheap car insurance actually exist, and if so how do you find it?

Find and compare auto insurance with our FREE quote comparison tool!

Barriers

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The barriers to cheap auto insurance are many. Most jurisdictions require insurance as a condition of owning a car, and any product required to be purchased by law is almost certain to be overpriced since the consumer is denied their normal leverage of refusing to buy.

Also, government-imposed regulations, car insurance laws, requirements, taxation and subsidies all add to insurance costs.Yet despite these barriers acquiring cheap auto insurance is possible, provided you are willing to put in a little effort.

Often a few commonsense precautions, suggestions and basic inquiries can make a world of difference in what you pay for insurance.

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Shop Around

The first word of advice is “shop around.” Often people turn only to the first insurance company they encounter, believing that there is no real difference between companies and so it doesn’t much matter who you deal with.

But that is a false and expensive mistake, as very real differences can be found between insurance carriers. Don’t be afraid to compare!

Another common error people make when buying auto insurance is sticking with the same company just because they’ve always bought insurance from that dealer.

Whether they do it out of laziness, misplaced loyalty or just because of ignorance, such consumers allow themselves to be taken for granted when instead insurance carriers should always be made to fight for your business.

Don’t ever hesitate to shop around, and if a competitor makes you a better offer, don’t be afraid to make a switch!

Free Auto Insurance Comparison

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

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Bargain Hunting

Another good point to keep in mind is that the auto insurance market is constantly in flux. Just because you got a good deal on your last insurance purchase, doesn’t mean that it will always be a good deal.

It is generally wise to check the auto insurance market for bargains about every six months or so, just to see what has become available recently.

You may be pleasantly surprised to find out that yesterday’s bargain has been surpassed by a competitor’s new and better deal.

As you hunt for bargains, don’t forget that sometimes the bargains will also come looking for you!

It is not uncommon for insurers to offer special auto insurance discounts to attract new customers, and if you time it right these cost reductions can be substantial.

For example, some companies offer special rates to customers with whom they are already dealing with in other matters.

So if you can get car insurance through the same dealer that you get your home, boat or other insurance from, they may offer a special deal for those customers with whom they have multiple policies.

Discounts

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Another source of discounts is those that are sometimes found hiding in the fine print. When was the last time you actually read your auto insurance policy?

Many people never have. Yet you may find that certain conditions and situations for which you might qualify are spelled out in the policy itself. You’ll never know if you don’t check it out.

Buried within your auto insurance policy statement may be a description of things that you can do to lower your costs.

These may include installing anti-theft devices or safety features that may entitle you to a discount. Such improvements usually pay for themselves rather quickly, and after that, it’s all savings.

Almost all carriers will reward an extra effort to lessen the chances of you having to file a car insurance claim, so ask your agent about what you can do lower your risk factors and costs.

Free Auto Insurance Comparison

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

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Call Your Agent

And speaking of your agent, when was the last time you spoke with him or her about your auto insurance?

Costs, policies, regulations, and laws may have changed since you first signed with that company, so it never hurts to take the time to ask your agent about the status of your policy and whether there are money saving opportunities that have arisen since you last spoke.

You may be pleasantly surprised by their answer.

Drive Carefully

One of the most under-appreciated ways to keep auto insurance rates down is one of the most basic keeping a good driving record. Nothing will raise your rates faster than giving your carrier the impression that you are a bad driver.

The damage a collision will have on your auto insurance costs is long lasting, with penalties usually lasting years.

As for a drunk driving arrest, it is a car insurance disaster, usually sending your insurance premiums into the stratosphere!

Yet even small infractions like parking tickets can nudge you into higher risk brackets if you get too many of them.Make no mistake about it, careful drivers who obey the law are most likely to be eligible for the cheapest insurance rates!

Go Online

Probably the best tool for saving money on car insurance is the internet.

Through the miracle of the world wide web, it is now possible to compare and contrast insurance policies and their costs in ways that would have been unthinkable just a decade ago, by virtue of easy to use websites that are designed for exactly that purpose.

So even if you have shopped for insurance in all the traditional ways, taken advantage of all the discounts and successfully protected your driving record, you still really haven’t done all you can to find cheap auto insurance if you haven’t consulted the web.

Start now, with a FREE quote comparison tool below!