There are a number of different factors that affect the cost of car insurance, including age, location, driving history, and vehicle type. In order to get the most competitive rate, it is important to get several quotes from different auto insurance companies. The quotes you receive should be based on similar coverage levels and deductibles. Be sure to also compare rates with those of other drivers in the same neighborhood and with similar vehicles.
Liability coverage is required in most states. Carrying more liability coverage will help reduce your out-of-pocket costs in the case of an accident. Collision coverage will help cover repair costs for damaged cars, even if the other driver was at fault. Comprehensive coverage protects you against other risks and is sold along with collision coverage.
Another way to get lower premiums is by installing anti-lock braking systems in your car. Most insurers offer a discount if you install them, and this discount is often automatic when you get a quote. Depending on your specific circumstances, you can save anywhere from 5% to 10% of your premium.
Liability coverage includes bodily injury and property damage coverage. This coverage will compensate you if you cause a crash that causes damage to another person or their property. It can also cover legal fees in the event you are sued for an accident. Comprehensive coverage also protects your vehicle from damage caused by events that are outside of your control, including vandalism, windshield or glass damage, and more. Collision coverage will cover collisions with other cars or objects.