Everyone wants to know how to manipulate auto insurance rates to save as much money as possible. There are ways to save money and steps you can take to increase your chances of cheap auto insurance. It may not always happen overnight, but with a little work, some know-how and some discipline, you can lower your car insurance premiums.

Auto Insurance Rates Are Not Regulated

Unlike health insurance rates, federal and state governments do not regulate the rates of car insurance companies. Companies are free to charge what they feel is appropriate, so this allows for a wide range of rates. Add to this the fact that, depending upon your state, you may have access to 25 to 75 car insurance companies and there is significant room for savings, which is certainly to your benefit.

How Auto Insurance Rates Are Calculated

Before you can manipulate car insurance rates to your advantage you need to know how they are determined. There is no secret formula, as each company determines their rates differently, but there are several major variables that will weigh the most heavily on your premiums. The two most important factors from company to company is your driving record and the type of vehicle you are insuring. You should also know that almost all your personal factors will play some role in your premiums. Your gender, age, occupation, address and credit history all will be taken into account.

Other important factors include the safety rating of your vehicle, how much you drive in a given week and how you garage your vehicle. Car insurance discounts will also play a significant role, as car insurers consider things such as your professional affiliations, are you a government employee, what kind of grades you get, and how often you have had a policy with the insurer. Very important to remember that most insurers reward loyal customers.

Comparing Auto Insurance Rates for the Best Deal

With such a wide range of rates on the market, comparing rates is your best tool for finding the best deal. In less than 30 minutes you can get multiple quotes on auto insurance rates from the top insurers in your area. This may save you as much as $500 in a year. Where else could you make that much money in only 30 minutes.