Car insurance is a must for all those who own a car but the cost of insurance can be high, based on various factors. However, cheap car insurance is possible by taking a closer look at the elements that influence the cost of insurance and if steps are taken to reduce them.

It is a known fact that every car owner should possess a car insurance but it is not essential to cover all the add-on, offered by the company. Only the barest minimum that is required by the law, can be covered and thus save a lot of money on cheap car insurance. But the coverage may not be extensive but still, some bucks can be saved.

The insurance premium can be lowered by increasing the deductible. The deductible has to be paid first, before taking an insurance coverage. This cost would be negligible when the car owner has just afforded to buy a car. The deductible that is within the budget can be paid first, so that the monthly premium can be reduced.

To get the cheapest car insurance rates, it is absolutely necessary to have a good credit rate, by paying all the monthly bills on time because the credit rating plays a great role in acquiring the cheapest car insurance possible. The driving record also has to be good and if not, it would affect the premium to be paid.

Obviously, luxury and foreign cars carry more insurance cost than an ordinary small non sports car. A person who uses big cars cannot expect to have cheap car insurance. Another simple factor that affects the premium is the mileage, the lower the mileage the lesser is the car insurance quote. Women have the privilege of getting cheaper car insurance than their male counterparts because insurance service providers feel that men are more liable to meet with accidents than women. Women drive more carefully and cautiously than men.

Young drivers who get insurance for the first time, can also have cheap car insurance because they are cutting out the middlemen and thus the insurer passes on the savings to the consumer. Although it may sound strange, married men get cheap car insurance than those who are unmarried.

There is another way to get a cheap car insurance and that is to pay up- front fees for the policy. Monthly installments may appear cheaper but they carry interest on the payments. Adding break down cover to the policy also saves some amount in the long run and is cost effective

There are scores of websites that would offer car insurance quotes and the best can be had by doing a little research by spending a few minutes and giving all the necessary information. At least, three websites can be logged in to have an idea of the various quotes and get the cheapest possible offered by a company.