If you feel you’re paying too much for your auto insurance, you’re probably right. Like any business, car insurance companies exist to make money, and they often maximize their profits by offering a vast array of options that increase your premiums and their bottom line.

Shopping around and comparing rates is the first step in saving money on your car insurance. Instead of calling around to different companies, getting a quote online is faster and more efficient. It’s very important to get quotes from at least 4 different companies, to ensure you truly are getting the best deal. Normally, you don’t have to wait until your current policy expires to switch companies.

It stands to reason that safe drivers get the lowest car insurance premiums. Most insurance companies will offer lower rates to people that have not had accidents or traffic violations over a certain period of time. In addition, if you have taken a driving safety course you may be eligible for discounts, so make sure you mention this to your prospective carrier.

Certain safety features on your car may also qualify you for discounts. You may be able to lower your rates if you have an anti-theft device, airbags, automatic seat belts, or anti-lock brakes.

You can usually save money if you use the same insurance company for your car and home. Also, if you drive under a certain number of miles per year you may be able to receive additional savings.

Another way to save money is to consider having a higher deductible - the amount of money you are required to pay before your insurance company covers the rest of the costs. You can potentially reduce the monthly cost of your collision and comprehensive premium by 15% to 30% by simply increasing the amount of your deductible from $100 to $500.

The deductible make a big difference with an older car. Many times it doesn’t make sense to get collision and comprehensive coverage if your car is worth less than a couple thousand dollars, and you definitely want a higher deductible in this case. Also, keep in mind that SUV’s and sports cars generally have much higher premiums - when you’re in the market to buy a car.

Car insurance is a necessary evil. However, by doing a little research you can save a lot of money.