Car insurance is a necessity to protect you financially, and most states mandate that an automobile owner carry an insurance policy. However, that doesn't mean that anyone likes to spend a lot of money paying their car insurance premiums. Whether you have just purchased a new vehicle or you feel like your car insurance rates are too high, you may be wondering how you can spend less. Luckily, there are measures that you can take to lower your car insurance premiums and make them more affordable. All it takes is a little bit of time and effort. Take the following steps to help you save money on your car insurance:

Request Multiple Quotes

One mistake that many people make is staying with the same car insurance company year after year and just paying their premiums month after month. Insurance companies set their own rates, and one company may charge a lot more than another. If you're tired of paying too much for car insurance, take the time to explore your options and get policy quotes from multiple insurance companies. You can do this yourself online, or work with an insurance broker. Shopping around for car insurance will help ensure that you find the lowest priced policy possible that provides the coverage that you need. 

Consider Increasing Your Deductible

With car insurance, there is a deductible attached to the policy. The deductible is the amount of money that you are responsible for paying before the insurance company will provide coverage. If you opt to have a low deductible, your premiums will be higher. Increasing your deductible to a higher amount is an easy way to reduce your premiums. When you opt for a high deductible, it is wise to put the total amount of your deductible in a savings account so you have the funds available in the event that you need to file a claim.

Purchase All of Your Insurance Policies from the Same Insurance Company

People need a variety of insurance policies, such as car insurance, homeowners insurance, renters insurance, and life insurance. Instead of buying the insurance policies that you need from separate insurance companies, bundle all of your insurance with one company. Most insurance companies offer very nice discounts for loyal customers who have multiple policies with them. Bundling your insurance policies is a simple way to lower your car insurance premiums to a more affordable rate.