Without the proper knowledge, shopping for car insurance has the potential to cause a great deal of stress. Although auto insurance is not brain surgery, it does require a certain level of dedication and knowledge. Without these things, you run the risk of losing money or carrying inadequate coverage. The tips in this article will help you find the right insurance for you. Try to get several quotes before deciding on insurance. All companies use some type of formula to calculate the premium. What determines the costs are the driver related answers you give to their questions, and also your driving record. By checking out multiple competitors, you can find the best deal and save yourself a lot of money. Letting your auto insurance coverage lapse will raise your insurance rates. You can create gaps in coverage easily by moving from one insurance carrier or policy to another one. When companies find out about gaps they will raise insurance rates. If you are thinking of adding a teenager to your auto insurance, find out how much it would cost to put them on your policy, versus the amount it would cost to get them a separate policy. You will want to find out if it is cheaper to classic car insurance quote online online classic car insurance insure your vehicles on different policies. When purchasing car insurance for a teenager, compare the difference between adding them to your insurance or buying them their own policy. Depending on the type of car your teenager drives, it might be cheaper to have them on a separate policy. When signing up for your auto insurance, remember that only you are covered unless you specifically add others to your policy. If you let a friend use your car and they get into an accident, chances are your insurance will not pay. Car insurance policies can be purchased at a higher premium, that include allowing other licensed drivers to operate your vehicle. With other expenses already so high, it is a good idea to drop some of those after-market upgrades that only add to aesthetic value. Luxury items are nice, but they really arent that necessary. If you get in an accident and total your car, or if its stolen, the insurance company will only pay you for the value of the car, which does not include any after-market equipment. When signing up for your auto insurance, remember that only you are covered unless you specifically add others to your policy. Insurance companies rarely pay for accidents that occur when a friend or some other party is behind the wheel of the vehicle. You do have the option of increasing your coverage and your premiums, to ensure that these situations are also covered. Remove other drivers from your policy if you can. Adding more drivers to a policy will cost you money. Do you really need to cover more than one driver? Purchase property damage liability when you buy your car insurance. This way you know that you will be covered when damage is caused by your vehicle in an accident. There are only three states left in America that do not have this as a compulsory item. If you are even involved in an accident, property damage liability can protect you from losing a large sum of money. The right insurance policy can save a person a good deal of money should they get into an accident. The insurance will have the individual pay a certain amount that is already decided, called a deductible, anything over the deductible is covered by the insurance company saving one money. Remember, not all insurance covers other uninsured drivers. It increases the cost of your premium if you opt in for this coverage, so it is something youll want to carefully consider. It will save you money if you get into an accident and an uninsured driver is at fault. Hopefully, this article was able to help you through the maze of auto insurance and to give you confidence when making choices. Learning about the various discounts, terms and policy types that abound in auto insurance will help you to be a better proponent for yourself and your policies.