This is interesting. Do a basic Internet search on the words 'cheap car insurance' and you're likely to get nearly twenty million site replies. This is a competitive area of Internet business. There are lots of providers because there are lots of potential customers.
Of all the types of coverages offered by insurance companies, auto policies are the most frequently taken. If you own and/or drive a vehicle, you probably need auto coverage. Most places, especially in the U. S., mandate that every motor vehicle be protected by at least a minimum of liability coverage. This is what protects you from being sued into the poorhouse if you're unfortunate enough to be the cause of a serious accident.
If your car is being financed, then liability-only insurance isn't going to cut it. Your lender is going to require you to obtain a comprehensive policy, or at least something that covers their financial interests in the vehicle. This usually includes collision damage and well as natural perils such as hail storms or hurricanes. They're also going to want something that pays them if your car is hijacked or stolen.
If you own the car outright then it's your option to choose the minimum required by law, which is probably a prescribed amount of liability protection. This is about the cheapest car insurance you can buy, but also provides the fewest benefits, other than the low price. It doesn't provide coverage to your vehicle in the event of an accident, but it covers any damage that you cause through your negligence. If you're driving a cheap, beat-up old jalopy you may not feel the need for comprehensive coverage, but if you mistakenly hit a $100,000 Porche and injure the driver you could face financial ruin without being duly covered for your liability in this incident. It's not worth the risk.
Auto policies are customizable and you should only get what you need. Medical coverage may be advisable, especially if your health insurance has gaps. If you buy a new car, make sure you don't make the common mistake of over-insuring the vehicle. Remember, when you drive your brand spanking new car off the sales lot it immediately depreciates by a healthy percentage, maybe as much as 20-25%. Don't insure it for the sales price amount. You'll never collect this amount on a claim, even if you total the car a block away from the dealership.
The easiest way to find cheap car insurance is to go to one of the online sites that allow you to enter your data just one time. They'll do the comparison shopping for you and respond with a list of the best deals they have available. It's fast, easy and painless.
