The economy is negatively affecting everyone in one way or another. People are making less money, losing their homes, health insurance etc.. This is also affecting insurance companies because they are forced to drop their auto insurance rates to compete and grow as a business. This is an excellent way to finally use the economy to your advantage. Here are some quick considerations to remember when shopping online for car insurance.

The first thing to consider is that you don't have to sacrifice and go with a poor company to save. In the long run this can often cost you money. If you look at different companies such as AAA Michigan, State Farm, Allstate, etc... you are almost guaranteed to save a few hundred dollars on your car insurance.

Another way to save is to give as much information as possible. This DOESN'T mean give personal information such as social security or banking account #'s. I'm talking about finding group discounts such as good driver, good student, multi-policy, short mileage etc... None of this information will hurt you.

The third consideration involves reassessing your coverage limits and deductibles. If you didn't have a job when you purchased the insurance you may be paying for medical coverage that isn't needed. If the vehicle is worth a couple thousand dollars it may not be the best option to have comprehensive and collision coverage. If you do have comprehensive and collision you may want to raise the deductibles to cover the larger claims. This can often save you a few hundred dollars a year by raising the deductibles alone.

This is plenty of information to get car insurance quotes online. You may be getting the best rate already, but most people that spend a few minutes shopping online save hundreds. Remember, the economy is bad for everyone. Companies have to grow or at least maintain in order to survive. It seems like now, more then ever Insurance Companies are really hungry for new customers. Give it a try and see if anyone can earn your business!